Updated Quadplex With Garage
2114 Meppen Drive, Idaho Falls, ID 83401
For Sale
$650,000
Residential Income, Idaho Falls, ID
Property Size4,000 SF
Lot Size0.30 Acres
Price / SF$162.50
Days on Market96
Property Features for 2114 Meppen Drive
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Water source
Amenities
washer/dryer hookups
Building Details
Year built
Number of units
Building materials
Roof type
Buildings
Listing Agency:
eXp Realty LLC
Listed By:
Grider Peterson Real Estate Team
(208) 890-7776
Added: Aug 11
Changed: Oct 29
Last Checked: Nov 14 at 12:06AM
MLS# 2188443
Copyright © 2026 Snake River Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,000-square-foot quadplex contains four residential units, each with approximately 1,000 square feet, three bedrooms, and one full bathroom. Built in 1990, the property has received recent interior updates and offers open-plan living areas, washer/dryer hookups, separate water heaters, refrigerators, ovens, and stoves. Electric heating, vinyl siding, a composition roof, and ceiling fans are also included. Parking consists of off-street spaces and a garage.
The property sits on a 0.3-acre lot at 2114 Meppen Drive in Idaho Falls, Idaho, within Bonneville County. Public water and public sewer serve the property. Its location provides access to shopping, grocery stores, schools, dining, entertainment, and other everyday amenities.
The property sits on a 0.3-acre lot at 2114 Meppen Drive in Idaho Falls, Idaho, within Bonneville County. Public water and public sewer serve the property. Its location provides access to shopping, grocery stores, schools, dining, entertainment, and other everyday amenities.
Key Highlights
- Four‑unit property with 12 bedrooms and 4 bathrooms
- 4,000 square feet total; each unit is approximately 1,000 square feet
- Each unit includes 3 bedrooms and 1 full bathroom
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.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
993
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units feature open layouts, full bathrooms, and washer/dryer hookups.
Where is this quadplex located?
The property is located at 2114 Meppen Drive 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 property with 12 bedrooms and 4 bathrooms; 4,000 square feet total; each unit is approximately 1,000 square feet; Each unit includes 3 bedrooms and 1 full bathroom
