Multifamily Townhome
For Sale
$680,000
4044 W Ski Jump Ln, Meridian, ID 83642
Townhomes in Entrata Farms with access to a pool, playground, dog park, green spaces, and walking paths.
Property Size3,556 SF
Price / SF$191.23
Days on Market10
Property Features for 4044 W Ski Jump Ln
General Information
Standard status
Active
Size
3,556 SF
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Amenities
playground
pool
dog park
green spaces
walking paths
Building Details
Year Built
2021
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Pedro Resendez · License #SP55961
Source:
208doors
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 29 at 12:25PM
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 Silvercreek Realty Group
Investment Insights
Based on property information with market context.
This multifamily townhome property in the Entrata Farms community includes 3,556 square feet and was built in 2021. The offering supports both rental ownership and owner occupancy with tenants, as described in the property information.
The community is in Meridian, minutes from I-84, with banks, restaurants, entertainment, and outdoor activities within walking distance. Residents have access to shared amenities that include a large playground, swimming pool, dog park, green areas, and maintained walking paths.
The community is in Meridian, minutes from I-84, with banks, restaurants, entertainment, and outdoor activities within walking distance. Residents have access to shared amenities that include a large playground, swimming pool, dog park, green areas, and maintained walking paths.
Key Highlights
- 3,556‑square‑foot multifamily townhome property
- Built in 2021
- Located in Entrata Farms in Meridian
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
$35,673
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
5.25%
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%
$713,460
$713.5K
Cap Rate 7%
$509,614
$509.6K
Cap Rate 9%
$396,367
$396.4K
Market Conditions
NOI Build-Up for 3,556 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
$67.4K $18.96/SF
− Vacancy
−$2.6K −$0.72/SF
EGI
$64.9K $18.24/SF
− OpEx
−$29.2K −$8.21/SF
NOI
$35.7K $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%
$713,460
Cap Rate 7%
$509,614
Cap Rate 9%
$396,367
Alternative Uses
Best Use
Apartment 5plus
$509.6K
$445.9K – $594.6K
NOI $35,673 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$938.4K
$821.1K – $1.09M
NOI $65,689 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
341
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
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 - Townhomes in Entrata Farms with access to a pool, playground, dog park, green spaces, and walking paths.
Where is this multifamily property located?
The property is located at 4044 W Ski Jump Ln Meridian, ID.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: 3,556‑square‑foot multifamily townhome property; Built in 2021; Located in Entrata Farms in Meridian
