324 NE 3rd St., Meridian, ID 83642

Meridian
Local realty services provided by:ERA West Wind Real Estate
324 NE 3rd St.,Meridian, ID 83642
$6,950,000
  • - Beds
  • - Baths
  • 28,238 sq. ft.
  • Multi-family
  • Active
Listed by: robert santangelo, andrew bussenMain: 509-990-2525
Office: real broker llc.
MLS#:98988433
Source:ID_IMLS

Price summary

  • Price:$6,950,000
  • Price per sq. ft.:$246.12

About this home

324 NE 3rd Street is a 28-unit, investment-grade multifamily property that is easy to manage and has a strong rental history. The unit mix includes virtually identical two-bedroom, two-bath units with a primary bedroom and private bath, in-unit laundry, separate kitchen and dining areas, and spacious living rooms. Constructed in 2018, the development comprises the Third Street Square plat, which consists of eight (8) parcel numbers assigned to each building and a common-area clubhouse, providing flexibility for investors. The property also features a common-area clubhouse with numerous opportunities to enhance tenant amenities. The property has abundant on-site parking, including 30 covered carport stalls and additional surface parking. The property has maintained near 100% occupancy since 2018 and has upside income potential relative to market rents. The property is offered at $6,950,000, yielding a 5.42% going-in capitalization rate based on stabilized pro forma income at estimated...

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Home facts

  • Year built:2018
  • Listing ID #:98988433
  • Added:27 day(s) ago
  • Updated:June 27, 2026 at 05:26 PM

Rooms and interior

  • Living area:28,238 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Air, Natural Gas
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:2018
  • Building area:28,238 sq. ft.
  • Foundation Description:Crawl Space

Schools

  • High school:Meridian
  • Middle school:Meridian Middle
  • Elementary school:Meridian

Finances and disclosures

  • Price:$6,950,000
  • Price per sq. ft.:$246.12
  • Tax amount:$29,169 (2025)

Features and amenities

  • Laundry features:Washer/Dryer Hookups (All Units)

Parking

  • Parking description:Carport
Property information provided by the RAFGC MLS – a service of the REALTOR® Association of Franklin & Gulf Counties.

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