Downtown Triplex with Fenced
918 NW 4th St Meridian, ID 83646
For Sale
$624,900
MULTI_FAMILY - Meridian, ID
Property Size3,072 SF
Lot Size0.17 Acres
Price / SF$203.42
Days on Market231
Property Features for 918 NW 4th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bathroom 1, Bedroom 2, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 1
- Parking
- 6
- Appliances
- Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units)
- Standard status
- Active
- APN
- R6066000455
- Size
- 3,072 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Lots 11 & 12 Blk 4 Nidays Add Meridian #96052211 District/ Ward 3-11
- Tax Annual Amount
- 3152
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
Building Details
- Year built
- 1970
- Number of units
- 3
- Flooring type
- Vinyl
- Building materials
- HardiPlank Type
- Roof type
- Composition
Listing Agency:
Real Broker LLC
(855) 450-0442
Listed By:
Charlie Wetherington · License #SP51289
(406) 670-7482
Added: Dec 5, 2025
Changed: Jul 24
Last Checked: Jul 24 at 10:06PM
MLS# 98969120
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.
Investment Insights
Based on property information with market context.
This well-situated triplex is located in the downtown Meridian area and offers three separate units. The property is described as nicely maintained, with a reported history of staying fully rented. Each unit includes 1,024 square feet of living space and access to a fully fenced backyard area.
The triplex is at 918 NW 4th St in Meridian, Idaho (Ada County). Recent repairs are noted in the listing’s Doc’s tab, which may be helpful for buyers reviewing current condition and maintenance history.
With a lot size of 0.17 acres and 3,072 square feet of total property size, this income property is configured as a straightforward triplex opportunity for an owner looking for a multi-unit residential setup.
The triplex is at 918 NW 4th St in Meridian, Idaho (Ada County). Recent repairs are noted in the listing’s Doc’s tab, which may be helpful for buyers reviewing current condition and maintenance history.
With a lot size of 0.17 acres and 3,072 square feet of total property size, this income property is configured as a straightforward triplex opportunity for an owner looking for a multi-unit residential setup.
Key Highlights
- Downtown Meridian triplex with 4 bedrooms/3 bathrooms and total room count listed across 6 bedrooms and 3 bathrooms
- Each unit offers 1,024 SF of living space
- Each unit includes appliances: disposal, stove/range, and refrigerator
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 5.34%
Second Best
Apartment 5plus
$440.2K
$385.2K – $513.6K
NOI $30,817 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$810.7K
$709.4K – $945.8K
NOI $56,748 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Well-maintained triplex in downtown Meridian with each unit featuring a fully fenced backyard area.
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 $624,900.
What are key features of this property?
This property features: Downtown Meridian triplex with 4 bedrooms/3 bathrooms and total room count listed across 6 bedrooms and 3 bathrooms; Each unit offers 1,024 SF of living space; Each unit includes appliances: disposal, stove/range, and refrigerator
