Two-Unit Furnished Rental
New
For Sale
$929,900
4393 & 4399 N Bright Angel Ave, Meridian, ID 83646
Residential Income, Meridian, ID
Property Size3,120 SF
Lot Size0.11 Acres
Price / SF$298.04
Days on Market2
Property Features for 4393 & 4399 N Bright Angel Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 6, Bedroom 1, Bedroom 5, Bedroom 2, Bathroom 5, Bathroom 6, Bathroom 1, Bathroom 3
Parking
4
Parking features
Driveway
Interior features
Walk In Shower
Appliances
Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
Subdivision
Razzberry Crossing
Lot features
Small Lot 5999 S F, Garden, Sidewalks
Elementary school
Prospect
Middle school
Heritage Middle School
High school
Rocky Mountain
Elementary school district
West Ada School District
Middle school district
West Ada School District
High school district
West Ada School District
Directions
From Eagle W on McMillian N on Locust Grove W on Star Drive N on Bright Angel
Standard status
Active
APN
R355950300 & R7355950280
Size
3,120 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 14 & 15 BLK 01 RAZZBERRY POINT VILLAS SUB
Tax Annual Amount
2925
HOA Fee
$800 Annually
Legal Description
LOT 14 & 15 BLK 01 RAZZBERRY POINT VILLAS SUB
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Ductless, Central Air, Zoned
Amenities
attached garage
Building Details
Year built
2023
Number of units
2
Flooring type
Engineered
Building materials
Masonry, HardiPlank Type
Roof type
Composition
Buildings
2
Listing Agency:
Silvercreek Realty Group
(208) 377-0422
Listed By:
Allen Pedersen · License #SP43328
(208) 703-3499
Added: Nov 4
Last Checked: Nov 5 at 4:06AM
MLS# 99005536
Copyright © 2026 Intermountain Multiple Listing Service. 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 offering combines two furnished townhomes on separate parcels. Built in 2023, each home has three bedrooms, two and a half bathrooms, and approximately 1,560 square feet. Furniture, artwork, and decor are included, along with a stove/range, refrigerator, and washer/dryer in each unit. The combined property measures 3,120 square feet on 0.11 acres.
Both residences are vacant. The property has an established rental history, including short-term stays and a furnished lease. The HOA is reported to have no short-term rental restrictions. The two homes are being sold together.
Both residences are vacant. The property has an established rental history, including short-term stays and a furnished lease. The HOA is reported to have no short-term rental restrictions. The two homes are being sold together.
Key Highlights
- Two townhomes on separate parcels, offered together
- Each home has 3 bedrooms and 2.5 bathrooms
- 3,120 square feet combined on 0.11 acres
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.
How Realmo checks its estimates
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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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Short term rental property - Both homes are vacant and equipped for furnished rentals, with appliances and included furnishings.
Where is this short term rental property located?
The property is located at 4393 & 4399 N 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 townhomes on separate parcels, offered together; Each home has 3 bedrooms and 2.5 bathrooms; 3,120 square feet combined on 0.11 acres
