Property Description

This fully rented, prime investment property is just a few minutes from downtown Meridian and interstate 84. Each unit in this 4-plex features a spacious 1765 square feet that includes 3 bedrooms, 2.5 bathrooms and a one-car garage. The kitchen and living area have a modern look and feel. This building is part of the newer Entrata Farms community which features a clubhouse, swimming pool and a green space just in front of the building. Rents, plus the “smart-home package” currently produce $87,000 in gross income per year with a cap rate of over 5%. The HOA dues are $816/month for the whole 4-plex which includes the master insurance policy, trash, water, and maintenance for all common areas.

Features
: Gas
: Central air
: One car
1
Appliances
: All units
: All units
: No
: All units
Address Map
US
ID
Ada
Meridian
83642
3850 W Chair Lift Ln
W117° 33' 31''
N43° 36' 19.4''
Schools
West Ada School District
Chaparral
Meridian Middle
Meridian
Additional Details
Active
Fourplex
2024
$5,082
No
4
1-5 Years
No
No
No
Small Lot 5999 SF
No
Monthly
$816
: No
: No
: Stucco, Stone
: Composition shingle
: No
: City service
: All Units
: 2-4 units

Residential Income For Sale

3850 W Chair Lift Ln, Meridian, Idaho 83642

3 Bedrooms
2.5 Bathrooms
7,060 SqFt
Visits : 3 in 47 days
$1,225,000
Listing ID #98964111
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 98964111
Price : $1,225,000
Bedrooms : 3
Bathrooms : 2.5
Apx SqFt : 7,060 SqFt
Year Built : 2021
Lot Area : 0.14 Acres
Days on Market : 20
Subdivision : Non Applicable
Update Date : 11/23/2025 06:04:30
Status : Active
Contact Agent
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