Updated
For Sale
$650,000
2114 Meppen Dr, Idaho Falls, ID 83401
Four residential units feature open layouts, full baths, and washer/dryer hookups.
Property Size4,000 SF
Price / SF$162.50
Days on Market67
Property Features for 2114 Meppen Dr
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 3BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,254
Amenities
washer/dryer hookups
Listing Agency:
eXp Realty LLC
(208) 890-7776
Listed By:
Grider Peterson Real Estate Team
(208) 227-5389
Source:
Exprealty
Added: Aug 10
Changed: Oct 10
Last Checked: Oct 14 at 11:25PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This quadplex contains four residential units with 12 bedrooms and 4 bathrooms overall. Each unit provides 3 bedrooms, 1 full bathroom, approximately 1,000 square feet of living space, an open floor plan, and washer/dryer hookups. Recent interior updates have been completed throughout the property, which totals 4,000 square feet.
The property is located at 2114 Meppen Dr in Idaho Falls, Idaho, with access to shopping, grocery stores, schools, dining, entertainment, and other everyday amenities. The unit configuration offers four separate residences within one multifamily property.
The property is located at 2114 Meppen Dr in Idaho Falls, Idaho, with access to shopping, grocery stores, schools, dining, entertainment, and other everyday amenities. The unit configuration offers four separate residences within one multifamily property.
Key Highlights
- Four‑unit quadplex with 12 bedrooms and 4 bathrooms
- Each unit includes 3 bedrooms and 1 full bath
- Approximately 1,000 sq. ft. per unit; 4,000 sq. ft. total
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,692
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,840
$673.8K
Cap Rate 7%
$481,314
$481.3K
Cap Rate 9%
$374,356
$374.4K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$50.4K $12.60/SF
− Vacancy
−$2.3K −$0.57/SF
EGI
$48.1K $12.03/SF
− OpEx
−$14.4K −$3.61/SF
NOI
$33.7K $8.42/SF
Area
Bonneville County, ID
Vacancy
4.50%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,840
Cap Rate 7%
$481,314
Cap Rate 9%
$374,356
Alternative Uses
Best Use
Multifamily LT 5
$481.3K
$421.2K – $561.5K
NOI $33,692 @ 7.0% cap · market cap 5.18%
Second Best
Apartment 5plus
$435.4K
$381.0K – $507.9K
NOI $30,476 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$883.7K
$773.3K – $1.03M
NOI $61,862 @ 7.0% cap · market cap 9.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
993
Businesses Nearby
Explore this area
Business Placement
Demographics for 83401, ID
47,114
Population
16,026
Households
2.9
Avg Household Size
31
Median Age
30%
College-Educated
90%
High-School Grad
197.3 sq mi
ZIP Area
239
Density / Sq Mi
$75,870
Median Household Income
$35,293
Median Earnings
$1,132
Median Rent
$307,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units feature open layouts, full baths, and washer/dryer hookups.
Where is this quadplex located?
The property is located at 2114 Meppen Dr Idaho Falls, ID.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Four‑unit quadplex with 12 bedrooms and 4 bathrooms; Each unit includes 3 bedrooms and 1 full bath; Approximately 1,000 sq. ft. per unit; 4,000 sq. ft. total
