0 Lake Hazel Rd Meridian, ID 83642
This exceptional 20-acre parcel in Meridian, Idaho, presents a unique opportunity for multi-family development. Located on E Lake Hazel Rd, in Ada County (zip code 83642), this property boasts an incredible location within one of the nation's most desirable cities. The site is zoned for a substantial project, with the potential for 246+ units—a rare find in this competitive market. This infill opportunity is surrounded by high-end developments, ensuring a strong demand for residential units. The property offers significant advantages, including full access to utilities already stubbed on-site, simplifying the development process. Its convenient location provides easy access to major transportation arteries, being less than 10 minutes from Interstate 84 and Downtown Meridian. Commuting is further facilitated by proximity to Meridian and Eagle Roads. Future residents will enjoy abundant community amenities, including a clubhouse, basketball and pickleball courts, a playground, and a dog run. This is a truly exceptional opportunity to capitalize on the thriving Meridian real estate market and create a thriving multi-family community.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.