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
Sold
Price Unknown
338 E State Ave, Meridian, ID 83642
5beds
3baths
2,809sqft
Triplex, Multi Family
Built in 1927
-- sqft lot
$587,000 Zestimate®
$--/sqft
$1,977 Estimated rent
Home value
$587,000
$546,000 - $634,000
$1,977/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: July 23, 2024 at 09:26am
Listed by:
Trina Neddo 208-724-0465,
Cashflow Real Estate
Bought with:
Brian Strand
Silvercreek Realty Group
Source: IMLS,MLS#: 98909117
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Forced Air, Ductless/Mini Split
Cooling
- Central Air, Ductless/Mini Split
Appliances
- Included: Disposal (No Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
- Laundry: In Unit
Features
- Unit 1 Baths: 1, Unit 2 Baths: 2
- Has basement: No
Interior area
- Total structure area: 2,809
- Total interior livable area: 2,809 sqft
Property
Parking
- Total spaces: 5
- Parking features: Carport, RV Access/Parking
- Has carport: Yes
Features
- Fencing: Metal,Wood
Lot
- Size: 6,969 sqft
- Features: Standard Lot 6000-9999 SF, Irrigation
Details
- Parcel number: R1578000290
- Zoning: R15
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Multi Family
Materials
- Frame
- Foundation: Crawl Space
- Roof: Composition
Condition
- Year built: 1927
Utilities & green energy
- Gas: Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter
- Water: Public
- Utilities for property: Sewer Connected, Cable Connected
Community & neighborhood
Location
- Region: Meridian
- Subdivision: Cottage Home Ad
HOA & financial
Other financial information
- Total actual rent: 3850
Other
Other facts
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,495 -12.8% | $462,900 -0.3% |
| 2023 | $2,862 +6.2% | $464,200 -13.9% |
| 2022 | $2,694 +4.1% | $539,100 +42% |
Find assessor info on the county website
Neighborhood: 83642
Nearby schools
GreatSchools rating
- 4/10Meridian Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 6/10Meridian Middle SchoolGrades: 6-8Distance: 0.9 mi
- 6/10Meridian High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Meridian
- Middle: Meridian Middle
- High: Meridian
- District: West Ada School District
Source: IMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.