Meridian, ID 83646 2985 N Meridian Rd Bldg I
$1,185,000
Pending
12 more
Presented By: Silvercreek Realty Group - 208-377-0422
Beds • 10
Baths • 2
SQFT • 4,607
Garage • 1
Home Details
This fully occupied 4-plex in Maddyn Village presents an exceptional investment opportunity in a sought-after location. The building features two 3-bedroom, 2-bath units and two 2-bedroom, 1.5-bath units, each offering modern finishes including granite countertops, a breakfast bar, and bright, spacious living areas. Every unit is equipped with a washer, dryer, freestanding oven/range, and refrigerator for added tenant convenience. Parking is abundant with one covered spot per unit plus additional uncovered spaces. Professionally managed by a local property management company, the property sits across from Settlers Park, close to The Village, and provides quick access to the interstate. With strong rental income and a prime setting, this 4-plex is a standout addition to any investment portfolio.
Presented By: Silvercreek Realty Group - 208-377-0422
Interior Features for 2985 N Meridian Rd Bldg I
Bedrooms
Total Bedrooms10
Bathrooms
Total Baths8
Other Interior Features
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NYes
Below Grade Finished Area Unit TypeSquare Feet
Heating Y/NYes
Laundry FeaturesWasher/Dryer Hookups (All Units)
General for 2985 N Meridian Rd Bldg I
AppliancesDisposal (All Units)
Assoc Fee Paid PerAnnually
Building Area UnitsSquare Feet
Cap Rate4.9
Carport Y/NYes
CityMeridian
Construction MaterialsFrame
CoolingDuctless/Mini Split
CountyAda
Current Use2-4 Units
DirectionsFairview Ave, N Meridian Rd, W on street after Sedgewick Dr
Electric205
Elementary SchoolRiver Valley
Elementary School DistrictWest Ada School District
FreeholdIDX
Garage Spaces1
Garage Y/NYes
Gross Income75716
HOA Fee$3860
HeatingDuctless/Mini Split
High SchoolMeridian
High School DistrictWest Ada School District
LeasableAreaUnitsSquare Feet
Legal DescriptionLot 20 in Block 1 of Maddyn Village Subdivision, according to the plat thereof, filed in Book 114 of Plats at Page(s) 16951 to 16954, records of Ada County, Idaho.
Listing TermsCash
Living Area UnitsSquare Feet
Lot Size Square Feet6098.4
Lot Size UnitsAcres
MLS AreaMeridian NW - 1030
Middle/Junior High SchoolMeridian Middle
Middle/Junior School DistrictWest Ada School District
ModificationTimestamp2025-12-01T17:05:42.600Z
Net Operating Income59781
Number Of Units Total4
Operating Expense15935
OwnershipFee Simple
Property SubtypeQuadruplex
Property TypeResidential Income
RoofComposition
Standard StatusPending
StatusPending
Subdivision NameMaddyn Village
Tax Annual Amount6220.62
Tax Year2024
Total Actual Rent6715
UtilitiesSewer Connected
Year Built2019
Exterior for 2985 N Meridian Rd Bldg I
Building Area Total4607
Covered Spaces1
Foundation DetailsCrawl Space
Lot FeaturesStandard Lot 6000-9999 SF
Lot Size Acres0.14
Lot Size Area0.14
Parking FeaturesOne Car
Total Parking8
Water SourceCity Service
Additional Details
Price History
Schools
Elementary School
River Valley Elementary School
High School
Meridian High School
Jesus Yerena Delgado
Agent
ES 
EN