Downtown Triplex with
918 NW 4th St Meridian, ID 83646
New
918 NW 4th St, Meridian, ID, 83646
$674,900
For Sale
$674,900
Well-maintained triplex in downtown Meridian featuring fully fenced backyard areas for each unit.
Property Size3,072 SF
Price / SF$219.69
Days on Market7
Property Features for 918 NW 4th St
General Information
- Standard status
- Active
- Size
- 3,072 SF
- Property subtype
- Triplex
Building Details
- Year Built
- 1970
Listing agency
Real Broker LLC
(406) 670-7482
Listed by
Charlie Wetherington · License #SP51289
Source
Clearwaterproperties
Added: Jul 17 Updated: Jul 22 at 10:51PM Checked: Jul 22 at 10:51PM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This well-situated triplex is located in the downtown Meridian area and is described as nicely maintained. The property consists of three units, each with 1,024 square feet of living space, and each unit includes a fully fenced backyard area.
The listing also notes recent repairs, with details available in the Doc’s tab. The property is presented as having a history of staying fully rented and producing a good ROI.
With three separate residential units and private outdoor space at each, the layout is designed to provide practical day-to-day usability for tenants within a single multifamily investment property.
The listing also notes recent repairs, with details available in the Doc’s tab. The property is presented as having a history of staying fully rented and producing a good ROI.
With three separate residential units and private outdoor space at each, the layout is designed to provide practical day-to-day usability for tenants within a single multifamily investment property.
Key Highlights
- Downtown Meridian triplex with 6 total bedrooms and 3.00 total bathrooms
- Three units, each with 1,024 sq ft of living space
- Fully fenced backyard area included for each unit
Local Financial Insights For Multifamily LT 5
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 | $49.8k | $16.20 |
| − Vacancy | −$2.1k | −$0.68 |
| EGI | $47.7k | $15.52 |
| − OpEx | −$14.3k | −$4.66 |
| NOI | $33.4k | $10.86 |
3,072 SF · lease $16.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$476.8K
$417.2K – $556.2K
NOI $33,373 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$440.2K
$385.2K – $513.6K
NOI $30,817 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$810.7K
$709.4K – $945.8K
NOI $56,748 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Well-maintained triplex in downtown Meridian featuring fully fenced backyard areas for each unit.
Where is this triplex located?
The property is located at 918 NW 4th St Meridian, ID.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Downtown Meridian triplex with 6 total bedrooms and 3.00 total bathrooms; Three units, each with 1,024 sq ft of living space; Fully fenced backyard area included for each unit
