Four-Unit Quadplex with Private
New
For Sale
Contact for pricing
1805 E OVERLAND RD, Meridian, ID 83642
Four residences offer split floor plans, in-unit laundry, appliances, and individual outdoor space.
Property Size3,380 SF
Price / SF$285.50
Days on Market7
Property Features for 1805 E OVERLAND RD
General Information
Standard status
Active
Size
3,380 SF
Class
B
Property subtype
Multifamily
Zoning
L-O
Additional Details
Highway Access
Yes
Multifamily Units
4
Amenities
washer/dryer
dishwasher
microwave
refrigerator
central air conditioning
private patio or balcony with extra storage
clubhouse
pool
fitness center
playground
Building Details
Year Built
2005
Buildings
1
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
KW Commercial Boise
Listed By:
Tricia Callies CCIM, CPM · License #ID AB18477
Source:
Crexi
Added: Jul 31
Changed: Aug 5
Last Checked: Aug 5 at 10:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Boise
Investment Insights
Based on property information with market context.
Built in 2005, this 3,380-square-foot quadplex includes four residences within the Sagecrest community. Each unit features a functional split floor plan, full-size side-by-side washer and dryer, dishwasher, microwave, refrigerator, central air conditioning, and a private patio or balcony with additional storage. The property is zoned L-O.
Community amenities include a furnished clubhouse, seasonal pool, 24-hour fitness center, and playground. The property is located at 1805 E Overland Rd in Meridian, Idaho, with access to I-84 and Eagle Road, as well as South Meridian shopping, dining, and entertainment destinations.
Community amenities include a furnished clubhouse, seasonal pool, 24-hour fitness center, and playground. The property is located at 1805 E Overland Rd in Meridian, Idaho, with access to I-84 and Eagle Road, as well as South Meridian shopping, dining, and entertainment destinations.
Key Highlights
- Four‑unit quadplex with 3,380 square feet
- Built in 2005 and zoned L‑O
- Split floor plans with full‑size side‑by‑side washer/dryer in each unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.8k | $16.20 |
| − Vacancy | −$2.3k | −$0.68 |
| EGI | $52.5k | $15.52 |
| − OpEx | −$15.7k | −$4.66 |
| NOI | $36.7k | $10.86 |
3,380 SF · lease $16.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$524.6K
$459.0K – $612.0K
NOI $36,719 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$484.4K
$423.8K – $565.1K
NOI $33,907 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$892.0K
$780.5K – $1.04M
NOI $62,438 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,056
Businesses Nearby
Explore this area
Business Placement
Demographics for 83642, ID
55,465
Population
22,700
Households
2.4
Avg Household Size
35
Median Age
44%
College-Educated
95%
High-School Grad
41.5 sq mi
ZIP Area
1,337
Density / Sq Mi
$96,361
Median Household Income
$45,824
Median Earnings
$1,629
Median Rent
$492,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residences offer split floor plans, in-unit laundry, appliances, and individual outdoor space.
Where is this quadplex located?
The property is located at 1805 E OVERLAND RD Meridian, ID.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,380 square feet; Built in 2005 and zoned L‑O; Split floor plans with full‑size side‑by‑side washer/dryer in each unit
