324 NE 3rd St., Meridian, ID 83642

Meridian
Local realty services provided by:Better Homes and Gardens Real Estate 43° North
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: 208-269-3371
Office: compass re
MLS#:98972987
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 multi-family investment-grade property that is easy to manage with 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 the 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 5.25% going-in capitalization rate based on stabilized pro forma income at estimated...

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Home facts

  • Year built:2018
  • Listing ID #:98972987
  • Added:42 day(s) ago
  • Updated:March 07, 2026 at 03:19 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.

Schools

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

Utilities

  • Water:City Service

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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