Townhome-Style Multifamily
For Sale
$869,900
2057 N Woodford Ave, Meridian, ID 83646
Two-level townhome layouts offer private bedroom areas, in-unit appliances, and covered parking.
Property Size3,388 SF
Price / SF$256.76
Days on Market94
Property Features for 2057 N Woodford Ave
General Information
Standard status
Active
Size
3,388 SF
Total Parking Spaces
8
Property subtype
Income
Zoning
R-15
Taxes and HOA fees
Annual Taxes
$3,245
Amenities
appliances
covered parking
Vinyl
Yes
4
8
Washer/Dryer Hookups (All Units)
Square Feet
Partial
10000SF - .49
City Service
0.22
116x83
Four Car
Crawl Space
3388
Building Details
Building Size
3,388 SF
Year Built
1995
Listing Agency:
Silvercreek Realty Group
(208) 841-5362
Listed By:
Max Coursey · License #DB27025
(208) 841-5362
Source:
Homesofidaho
Added: May 29
Changed: Aug 29
Last Checked: Aug 29 at 2:32PM
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 Silvercreek Realty Group
Investment Insights
Based on property information with market context.
This 3,388-square-foot multifamily property contains townhome-style units with two bedrooms and one bathroom per unit. Bedrooms are positioned upstairs, with no residence directly above or below, creating a distinct two-level layout. Units include appliances and washer/dryer hookups, while covered parking is provided on site.
Built in 1995, the property occupies 0.22 acres at 2057 N Woodford Ave in Meridian, Idaho. The site is served by city utilities and is zoned R-15. A roof replacement was completed in 2020, and the property includes a four-car covered parking area. The parcel measures 116x83.
Built in 1995, the property occupies 0.22 acres at 2057 N Woodford Ave in Meridian, Idaho. The site is served by city utilities and is zoned R-15. A roof replacement was completed in 2020, and the property includes a four-car covered parking area. The parcel measures 116x83.
Key Highlights
- 3,388‑square‑foot multifamily property on 0.22 acres
- Townhome‑style units with 2 bedrooms and 1 bathroom each
- Bedrooms located upstairs with no neighbors above or below
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,988
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$679,760
$679.8K
Cap Rate 7%
$485,543
$485.5K
Cap Rate 9%
$377,644
$377.6K
Market Conditions
NOI Build-Up for 3,388 SF
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.
Gross rent
$64.2K $18.96/SF
− Vacancy
−$2.4K −$0.72/SF
EGI
$61.8K $18.24/SF
− OpEx
−$27.8K −$8.21/SF
NOI
$34.0K $10.03/SF
Area
Meridian, ID
Vacancy
3.80%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$679,760
Cap Rate 7%
$485,543
Cap Rate 9%
$377,644
Alternative Uses
Best Use
Apartment 5plus
$485.5K
$424.9K – $566.5K
NOI $33,988 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$894.1K
$782.3K – $1.04M
NOI $62,586 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
856
Businesses Nearby
Explore this area
Business Placement
Demographics for 83646, ID
69,818
Population
26,829
Households
2.6
Avg Household Size
36
Median Age
44%
College-Educated
96%
High-School Grad
27.3 sq mi
ZIP Area
2,557
Density / Sq Mi
$101,040
Median Household Income
$47,397
Median Earnings
$1,814
Median Rent
$488,000
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?
Multifamily property - Two-level townhome layouts offer private bedroom areas, in-unit appliances, and covered parking.
Where is this multifamily property located?
The property is located at 2057 N Woodford Ave Meridian, ID.
What is the asking price?
The asking price for this property is $869,900.
What are key features of this property?
This property features: 3,388‑square‑foot multifamily property on 0.22 acres; Townhome‑style units with 2 bedrooms and 1 bathroom each; Bedrooms located upstairs with no neighbors above or below
