Residential Income
New
For Sale
$1,143,000
6224 6246 6238 N Maximus Pl, Meridian, ID 83646
Built in 2011 with central air, forced-air heating, natural gas, and a fully fenced exterior.
Property Size4,407 SF
Price / SF$259.36
Days on Market5
Property Features for 6224 6246 6238 N Maximus Pl
General Information
Standard status
Active
Size
4,407 SF
Total Parking Spaces
6
Property subtype
Residential Income
Net Operating Income
$66,600
Taxes and HOA fees
Annual Taxes
$4,981
Amenities
Central Air
Natural Gas, Forced Air, Fireplace(s)
Disposal, Refrigerator, Cooktop, Range, Washer, Dryer
Fenced, Full
Attached
Building Details
Building Size
4,407 SF
Year Built
2011
Listing Agency:
Silvercreek Realty Group
(208) 284-7732
Listed By:
Eva Hoopes · License #SP24679
(208) 284-7732
Source:
Evrealestate
Added: Jul 31
Changed: Aug 2
Last Checked: Aug 4 at 5:51AM
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 residential income property encompasses 4,407 square feet across the addresses 6224, 6246, and 6238 N Maximus Pl. Constructed in 2011, the property includes central air, natural gas, forced-air heating, and fireplace features. Interior equipment includes a disposal, refrigerator, cooktop, range, washer, and dryer. The exterior is fully fenced.
The property is located in Meridian, Idaho, within Ada County. Access directions run west on Chinden, south on Saguaro Hills Way, east on Everest, and south on Maximus. The combination of multiple listed addresses, residential income classification, and established mechanical and appliance features provides a clear basis for evaluating the property’s physical configuration.
The property is located in Meridian, Idaho, within Ada County. Access directions run west on Chinden, south on Saguaro Hills Way, east on Everest, and south on Maximus. The combination of multiple listed addresses, residential income classification, and established mechanical and appliance features provides a clear basis for evaluating the property’s physical configuration.
Key Highlights
- 4,407‑square‑foot residential income property
- Three listed addresses: 6224, 6246, and 6238 N Maximus Pl
- Constructed in 2011
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.6k | $18.96 |
| − Vacancy | −$3.2k | −$0.72 |
| EGI | $80.4k | $18.24 |
| − OpEx | −$36.2k | −$8.21 |
| NOI | $44.2k | $10.03 |
4,407 SF · lease $18.96/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$631.6K
$552.6K – $736.8K
NOI $44,210 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,410 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
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
Market
Properties on Market for Residential income properties in Meridian
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Built in 2011 with central air, forced-air heating, natural gas, and a fully fenced exterior.
Where is this residential income property located?
The property is located at 6224 6246 6238 N Maximus Pl Meridian, ID.
What is the asking price?
The asking price for this property is $1,143,000.
What are key features of this property?
This property features: 4,407‑square‑foot residential income property; Three listed addresses: 6224, 6246, and 6238 N Maximus Pl; Constructed in 2011
