500 East Victory Road

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500 East Victory Road

Meridian, ID 83642
Asking Price
$1.29M
Asset Type
Residential Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily property available for sale in Meridian, Idaho
  • Total land area encompasses 2.03 acres of space
  • Current improvements include a 1,400 square foot house
  • Property carries an R-4 residential zoning designation
  • Asking price set at 1,295,000 dollars for the site

What's Special

This multifamily property at 500 East Victory Road in Meridian, Idaho, is currently listed for sale and provides an ideal acquisition for investors or developers focused on the expanding Boise metropolitan area. Spanning 2.03 acres of land zoned R-4, the site currently features a 1,400 square foot residential structure. Meridian has experienced consistent growth, benefiting from the broader economic expansion of the Treasure Valley region, which remains a hub for technology and professional services. The R-4 zoning designation allows for potential residential density increases, making this an appropriate selection for entities interested in site redevelopment or long-term land holding within a supply-constrained suburban submarket. Given the footprint and existing configuration, the parcel offers flexibility for various residential development strategies or continued utilization of the existing dwelling while evaluating future growth options. Investors will find the proximity to regional transit corridors and the growing population base of Canyon and Ada counties favorable for long-term project planning.

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NOI
$80,000
Cap Rate
6.18%
DSCR
1.04
Tight
Cash-on-Cash
0.80%
Monthly Payment
$6,406.953
Annual Cash Flow
$3,116.559

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