New
For Sale
$467,000
303 W Pine Ave, Meridian, ID 83642
Duplexes
Property Size2,138 SF
Price / SF$218.43
Days on Market4
Property Features for 303 W Pine Ave
General Information
Standard status
Active
Size
2,138 SF
Property subtype
Residential Income
Zoning
R-15
Taxes and HOA fees
Annual Taxes
$1,205
Amenities
false
2
4
Washer/Dryer Hookups (All Units)
true
Square Feet
Full
Standard Lot 6000-9999 SF
City Service
Carport
2138
Building Details
Building Size
2,138 SF
Year Built
1957
Listing Agency:
(208) 545-3377
Listed By:
Travis Aeschbacher
Source:
Brokerboise
Added: Oct 30
Last Checked: Oct 30 at 6:48AM
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 Travis Aeschbacher
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,227
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,540
$464.5K
Cap Rate 7%
$331,814
$331.8K
Cap Rate 9%
$258,078
$258.1K
Market Conditions
NOI Build-Up for 2,138 SF
Gross rent
$34.6K $16.20/SF
− Vacancy
−$1.5K −$0.68/SF
EGI
$33.2K $15.52/SF
− OpEx
−$10.0K −$4.66/SF
NOI
$23.2K $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%
$464,540
Cap Rate 7%
$331,814
Cap Rate 9%
$258,078
Alternative Uses
Best Use
Multifamily LT 5
$331.8K
$290.3K – $387.1K
NOI $23,227 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$306.4K
$268.1K – $357.5K
NOI $21,448 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$564.2K
$493.7K – $658.3K
NOI $39,495 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,360
Businesses Nearby
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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
Where is this duplex located?
The property is located at 303 W Pine Ave Meridian, ID.
What is the asking price?
The asking price for this property is $467,000.
