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1128-1130 E 5th Meridian, ID $ 494,900
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1128-1130 E 5th
$ 494,900
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1128-1130 E 5th

Meridian, ID, 83642
$ 494,900
Bedrooms4 Baths2.0 Sq 1,885

Monthly Estimate*

$ 2,964

1128-1130 E 5th, Meridian, ID 83642 - Image 1
1128-1130 E 5th, Meridian, ID 83642 - Image 2
1128-1130 E 5th, Meridian, ID 83642 - Image 3
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Multi-Family Home for sale in Meridian, ID

for $494,900 with 4 bedrooms and 2 full baths. This 1,885 square foot home was built in 1967 on a lot size of 0.19.

Superb location! Currently lowest priced, multi-unit investment opportunity in all of Boise and Meridian! Close to schools, shopping centers, restaurants and local amenities. Easy maintenance, low average cost for water, sewer and trash. Separate electrical meters. Metal roof. New carpet and interior paint 08/23 in unit #1130. Currently both units are tenant occupied with long rental history. Unit#1130 Leased through 08/31/25 @1100 MO. Unit #1128 is currently month to month at $1100 MO with opportunity to rent at projected $1350 MO. North 1/3 portion of lot (approx, 2200 sqft.) potential for garage or out-building with P/Z approval. Current leases Landlord pays water/sewer/trash (approx $85 month) Tenants pay electric.

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Multi-Family Active

Price

$ 494,900

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 2,276

Style

Duplex

Lot Size

0.19

Year Built

1967

Town/City

Meridian

County/Region

Ada

MLS | Web ID

98915579
Features
General
Heating Ceiling Electric
Cooling Wall/Window Unit(s)
Utilities Sewer Connected Cable Connected
Roof Metal
Appliances Stove/Range (All Units) Refrigerator (All Units) Washer/Dryer (All Units)
HOA 0
Construction Materials Brick
Year Built 1967
Electric Unit 1 Separate Meter Unit 2 Separate Meter
Property SubType Duplex
Tax Year 2022
Current Use 2-4 Units
Percent Ownership Fee Simple
Gross Income 26400
County Ada
Net Operating Income 22243
Operating Expense 4157
New Construction N
Property Type Residential Income
Home Owner Assoc N
Attached Garage N
Subdivision Name Eastside Park S
Garage Y/N Y
Status Active
Directions From Locust Grove West on Pine North on 5th to address
High School Meridian
City Meridian
Senior Community Y/N N
High School District West Ada School District
Zoning Description R-8
NumberOfUnitsTotal 2
MLS Area Meridian NW - 1030
Lot Size Units Acres
Lot Size Square Feet 8276.4
Waterfront Y/N N
Carport Y/N N
Terms Cash Conventional
Elementary School Meridian
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 2276
Home Warranty Y/N N
Middle/Junior High School Meridian Middle
Virtual Tour https://tourfactory.com/idxr3159264 https://tours.tourfactory.com/tours/tour.asp?t=3159264
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 2200
Cap Rate 45
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Exterior
Fencing Wire Wood
Parking Features Other Finished Driveway
Lot Features Standard Lot 6000-9999 SF Garden
Water Source City Service
Total Parking 4
Lot Size Area 0.19
Spa N
Building Area Total 1885
Lot Dimensions 75x120
Lot Size Acres 0.19
Open Parking Y/N Y
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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 4
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
Total Baths 2
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Internal Only
Street Number 1 1128
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* Excluded Features
List By
Todd Bedegi

Listing Agent

Atova

Broker

realestatetodd@hotmail.com

Email

Affordability Calculator

$3,154
Per Month
94%
6%
0%
Monthly Principal & Interest
$2,964
Monthly Property Taxes
$190
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% 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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Nearby
1085623 Elementary School
1085625 Middle School
Meridian High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/26/2024$494,900 Listed Price

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1128-1130 E 5th, Meridian, ID, 83642 is a Multi-Family Home for sale at $494,900 with 1,885 sqft and a lot size of 0.19. 1128-1130 E 5th has 4 bedrooms, 2.0 baths, and was built in 1967. The property's zip code is 83642 which is in Meridian, ID

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