4-Unit
For Sale
$850,000
20 Sw 7th Ave, Meridian, ID 83642
Each residence offers a two-bedroom, two-bathroom layout.
Property Size3,440 SF
Price / SF$247.09
Days on Market18
Property Features for 20 Sw 7th Ave
General Information
Standard status
Active
Size
3,440 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,194
Listing Agency:
Western Idaho Realty
(208) 459-8600
Listed By:
Craig Lindquist · License #SP37943
(208) 921-0092
Source:
Exprealty
Added: Oct 13
Changed: Oct 25
Last Checked: Oct 28 at 3:10PM
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 Western Idaho Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit property contains 3,440 square feet, with two bedrooms and two bathrooms in each unit. On-site parking is available for residents.
At 20 SW 7th Ave in Meridian, the property is within 1/2 mile of a shopping and business center and near schools. The 10 Mile freeway interchange is less than a mile away.
At 20 SW 7th Ave in Meridian, the property is within 1/2 mile of a shopping and business center and near schools. The 10 Mile freeway interchange is less than a mile away.
Key Highlights
- Four units, each with 2 bedrooms and 2 bathrooms
- 3,440 square feet across the property
- Within 1/2 mile of a shopping and business center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,371
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,420
$747.4K
Cap Rate 7%
$533,871
$533.9K
Cap Rate 9%
$415,233
$415.2K
Market Conditions
NOI Build-Up for 3,440 SF
Gross rent
$55.7K $16.20/SF
− Vacancy
−$2.3K −$0.68/SF
EGI
$53.4K $15.52/SF
− OpEx
−$16.0K −$4.66/SF
NOI
$37.4K $10.86/SF
Area
Meridian, ID
Vacancy
4.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,420
Cap Rate 7%
$533,871
Cap Rate 9%
$415,233
Alternative Uses
Best Use
Multifamily LT 5
$533.9K
$467.1K – $622.9K
NOI $37,371 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$493.0K
$431.4K – $575.2K
NOI $34,509 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$907.8K
$794.3K – $1.06M
NOI $63,546 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
889
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence offers a two-bedroom, two-bathroom layout.
Where is this quadplex located?
The property is located at 20 Sw 7th Ave Meridian, ID.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 2 bathrooms; 3,440 square feet across the property; Within 1/2 mile of a shopping and business center
