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
$1,200,000
  • 12 Beds
  • 12 Baths
  • 7,060 sq. ft.
  • Multi-family
  • Pending
Listed by: jared englishMain: 888-881-4118
Office: congress realty, inc
MLS#:98964111
Source:ID_IMLS

Price summary

  • Price:$1,200,000
  • Price per sq. ft.:$169.97
  • 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:99 day(s) ago
  • Updated:January 05, 2026 at 09:02 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:$1,200,000
  • Price per sq. ft.:$169.97
  • Tax amount:$5,082 (2024)
Property information provided by the RAFGC MLS – a service of the REALTOR® Association of Franklin & Gulf Counties.

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