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338 E State Avenue Meridian, ID $ 585,900
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$ 585,900 Get more info
338 E State Avenue
$ 585,900
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338 E State Avenue

Meridian, ID, 83642
$ 585,900
Bedrooms5 Baths3.0 Sq 2,809

Monthly Estimate*

$ 3,894

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Multi-Family Home for sale in Meridian, ID

for $585,900 with 5 bedrooms and 3 full baths. This 2,809 square foot home was built in 1927 on a lot size of 0.16.

Find this GEM in the HEART of "Old Town" Meridian!!! VERY unique property w/MANY options for future possibilities! Duplex w/additional open area being rented to a mobile mechanic for $600/mo. Zoned R-15 with "Opportunity zoning" (hold it for 7 years & no capital gains taxes if buy and hold investing occurs). Possible rezone to "Old Town" & get ZERO setbacks with commercial/residential mix + more lax vertical limits!!! Seller has a proforma that was put together by a real estate developer investment company that can be found in the doc. NO HOAs! Roof: BRAND NEW in 2022 Unit 1: New LVP flooring throughout! Each room has new mini-splits, A huge 24' x 56' COVERED concrete pad w/storage space (Could be a master bed and bath turning this 2/1 into a 3/2.) Unit 2: New kitchen-int paint, pergo/laminate/hardwd floors, 3 bed 2 bath. Carport, fenced man cave, mobile trailer for stg. Unit # 3 Carport enclosure w/new roof. Fully gated with room for 6-8 cars. On site Wtr/Swr cleanout/220 pwr & 110 outlets. FULLY RENTED

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Multi-Family Pending

Price

$ 585,900

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 2,495

Style

Triplex

Lot Size

0.16

Year Built

1927

Town/City

Meridian

County/Region

Ada

MLS | Web ID

98909117
Features
General
Heating Forced Air Ductless/Mini Split
Cooling Central Air Ductless/Mini Split
Utilities Sewer Connected Cable Connected
Roof Composition
Appliances Disposal (No Units) Stove/Range (All Units) Refrigerator (All Units) Washer/Dryer (No Units)
HOA 0
Gas Y/N Unit 1 Separate Meter Unit 2 Separate Meter Unit 3 Separate Meter
Construction Materials Frame
Year Built 1927
Electric 0 Unit 1 Separate Meter Unit 2 Separate Meter
Property SubType Triplex
Tax Year 2023
Current Use 5+ Units
Percent Ownership Fee Simple
Gross Income 46200
County Ada
Net Operating Income 40692
Operating Expense 5508
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Attached Garage N
Subdivision Name Cottage Home Ad
Garage Y/N N
Status Pending
Directions Main Street to State Avenue East to the address. Sits on a corner of State and E. 4th Street
High School Meridian
City Meridian
Buyer Agent Compensation 3
Senior Community Y/N N
High School District West Ada School District
Zoning Description R15
NumberOfUnitsTotal 3
MLS Area Meridian NE - Boise NW - 1020
Lot Size Units Acres
Lot Size Square Feet 6969.6
Waterfront Y/N N
Carport Y/N Y
Street Name State Avenue
Listing Terms Cash Conventional
Elementary School Meridian
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 2495
Home Warranty Y/N N
Middle/Junior High School Meridian Middle
Building Area Units Square Feet
Living Area Units Square Feet
Middle/Junior School District West Ada School District
Elementary School District West Ada School District
Total Actual Rent 3850
Cap Rate 7.9
Buyer Agent Compensation Type %
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Exterior
Fencing Metal Wood
Parking Features Carport RV Access/Parking
Lot Features Standard Lot 6000-9999 SF Irrigation R.V. Parking
Water Source City Service
Total Parking 5
Lot Size Area 0.16
Foundation Details Crawl Space
Spa N
Building Area Total 2809
Lot Size Acres 0.16
Open Parking Y/N N
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Interior
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features Washer/Dryer Hookups (All Units)
Total Bedrooms 5
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 3
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Internal Only
Street Number 1 338
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* Excluded Features
List By
Trina Neddo

Listing Agent

Cashflow Real Estate

Broker

trinafivestar@yahoo.com

Email

Affordability Calculator

$4,102
Per Month
95%
5%
0%
Monthly Principal & Interest
$3,894
Monthly Property Taxes
$208
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1085623 Elementary School
1085625 Middle School
Meridian High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/3/2024$585,900 Listed Price

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338 E State Avenue, Meridian, ID, 83642 is a Multi-Family Home for sale at $585,900 with 2,809 sqft and a lot size of 0.16. 338 E State Avenue has 5 bedrooms, 3.0 baths, and was built in 1927. The property's zip code is 83642 which is in Meridian, ID

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