2-Unit Furnished Townhome
4393 & 4399 Bright Angel Ave, Meridian, ID 83646
For Sale
New
$929,900
Both residences include furnishings, artwork and décor, along with an attached garage.
Property Size3,120 SF
Price / SF$298.04
Days on Market2
Property Features for 4393 & 4399 Bright Angel Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Furnished
Asking Price
Taxes and HOA fees
Annual Taxes
Amenities
Garage: Two Car, Four Car, Attached, Finished Driveway
Garage Spaces: 6
6
6.00
Two Car, Four Car, Attached, Finished Driveway
Building Details
Year Built
Buildings
Listing Agency:
Silvercreek Realty Group
Listed By:
Allen Pedersen · License #SP43328
(208) 703-3499
Source:
Clearwaterproperties
Added: Nov 6
Last Checked: Nov 6 at 8:26AM
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
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Investment Insights
Based on property information with market context.
Offered together, these two 2023 townhomes occupy separate parcels at 4393 and 4399 N Bright Angel Ave in Meridian. Each home has 3 bedrooms, 2.5 bathrooms and approximately 1,560 square feet, with modern finishes and an attached garage. Furnishings, artwork and décor are included. Both residences are vacant and ready for rental use.
Restaurants, shopping, parks and The Village at Meridian are among the nearby destinations. The seller reports that the HOA does not restrict short-term rentals; buyers should confirm applicable details. The two properties are being sold as a package.
Restaurants, shopping, parks and The Village at Meridian are among the nearby destinations. The seller reports that the HOA does not restrict short-term rentals; buyers should confirm applicable details. The two properties are being sold as a package.
Key Highlights
- Two 2023 townhomes on separate parcels, offered together
- Each residence has 3 bedrooms, 2.5 bathrooms and approximately 1,560 square feet
- Attached garage at each home
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,299
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,980
$626.0K
Cap Rate 7%
$447,129
$447.1K
Cap Rate 9%
$347,767
$347.8K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$59.2K $18.96/SF
− Vacancy
−$2.2K −$0.72/SF
EGI
$56.9K $18.24/SF
− OpEx
−$25.6K −$8.21/SF
NOI
$31.3K $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 Rate 5%
$625,980
Cap Rate 7%
$447,129
Cap Rate 9%
$347,767
Alternative Uses
Best Use
Apartment 5plus
$447.1K
$391.2K – $521.7K
NOI $31,299 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$823.4K
$720.4K – $960.6K
NOI $57,635 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
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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
$488,000
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Ada County, ID
Properties on Market for Multifamily properties in Ada County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Both residences include furnishings, artwork and décor, along with an attached garage.
Where is this multifamily property located?
The property is located at 4393 & 4399 Bright Angel Ave Meridian, ID.
What is the asking price?
The asking price for this property is $929,900.
What are key features of this property?
This property features: Two 2023 townhomes on separate parcels, offered together; Each residence has 3 bedrooms, 2.5 bathrooms and approximately 1,560 square feet; Attached garage at each home
