3850 W Chair Lift Ln, Meridian, ID 83642
Local realty services provided by:Better Homes and Gardens Real Estate 43° North
3850 W Chair Lift Ln,Meridian, ID 83642
$1,225,000
- 12 Beds
- 12 Baths
- 7,060 sq. ft.
- Multi-family
- Active
Listed by: jared englishMain: 888-881-4118
Office: congress realty, inc
MLS#:98964111
Source:ID_IMLS
Price summary
- Price:$1,225,000
- Price per sq. ft.:$173.51
- Monthly HOA dues:$816
About this home
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.
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Home facts
- Year built:2021
- Listing ID #:98964111
- Added:43 day(s) ago
- Updated:November 21, 2025 at 04:08 PM
Rooms and interior
- Bedrooms:12
- Total bathrooms:12
- Full bathrooms:12
- Living area:7,060 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Natural Gas
Structure and exterior
- Roof:Composition
- Year built:2021
- Building area:7,060 sq. ft.
- Lot area:0.14 Acres
Schools
- High school:Meridian
- Middle school:Meridian Middle
- Elementary school:Chaparral
Utilities
- Water:City Service
Finances and disclosures
- Price:$1,225,000
- Price per sq. ft.:$173.51
- Tax amount:$5,082 (2024)
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