Prime investment opportunity in the heart of Downtown Meridian! This well-maintained 4-plex offers a rare blend of location, stability, and upgrades—with no HOA. Units have been tastefully renovated over past few years, featuring updated finishes that tenants love. Major systems are in great condition, including a newer roof, new water heaters in 2024, and new AC units in most units, reducing maintenance costs and boosting long-term value. This property has a remarkable rental history with excellent long-term tenants and zero vacancy for the past 7 years, offering peace of mind and consistent cash flow. Located steps from Meridian’s dining, shopping, parks, and future growth, it’s ideal for investors seeking a turnkey asset in one of the Treasure Valley’s most desirable locations. Whether you’re adding to your portfolio or seeking a dependable income-producing property, this 4-plex checks every box. Don’t miss this chance to own a strong performer in an unbeatable location!
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700 W Idaho Ave, Meridian, ID 83642
8beds
4baths
3,360sqft
Quadruplex, Multi Family
Built in 1978
-- sqft lot
$850,500 Zestimate®
$--/sqft
$1,604 Estimated rent
Home value
$850,500
$799,000 - $902,000
$1,604/mo
Zestimate® history
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Updated finishesNewer roof
Zillow last checked:
Listing updated:
Listed by:
Easton Napiontek Cell:208-789-1390,
Aspire Realty Group
Bought with:
Larry Talley
Keller Williams Realty Boise
Source: IMLS,MLS#: 98991030
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Forced Air, Natural Gas
Cooling
- Central Air, All Units
Appliances
- Included: Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer
- Laundry: In Unit
Features
- Unit 1 Baths: 1, Unit 2 Baths: 1, Unit 3 Baths: 1, Unit 4 Baths: 1
- Has basement: No
Interior area
- Total structure area: 3,360
- Total interior livable area: 3,360 sqft
Property
Parking
- Total spaces: 8
- Parking features: Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Handicap Parking
Lot
- Features: Standard Lot 6000-9999 SF, Sidewalks
Details
- Parcel number: S1212428085
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Frame
- Roof: Composition,Rolled/Hot Mop
Condition
- Year built: 1978
Utilities & green energy
- Gas: Unit 1 Separate Meter, Unit 2 Separate Meter, Unit 3 Separate Meter, Unit 4 Separate Meter
- Water: Public
- Utilities for property: Sewer Connected
Community & HOA
Location
- Region: Meridian
Financial & listing details
- Tax assessed value: $722,200
- Annual tax amount: $3,591
- Date on market: 6/19/2026
- Listing terms: Cash,Consider All,Conventional,FHA,VA Loan
- Ownership: Fee Simple
- Total actual rent: 5450
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $3,258 -9.3% | $722,200 -0.1% |
| 2025 | $3,591 -12% | $722,800 +0.2% |
| 2024 | $4,082 -2.2% | $721,400 -5% |
| 2023 | $4,173 -1.1% | $759,400 -3.4% |
| 2022 | $4,220 +7.4% | $786,000 +32.2% |
| 2021 | $3,928 +2.7% | $594,600 +26.2% |
| 2020 | $3,826 +16.9% | $471,300 +16.6% |
| 2019 | $3,272 -2% | $404,300 +26.2% |
| 2018 | $3,337 -5.6% | $320,300 +18.4% |
| 2017 | $3,536 | $270,500 -1.9% |
| 2016 | $3,536 | $275,600 +10.8% |
| 2015 | $3,536 +37.7% | $248,800 +51.3% |
| 2012 | $2,568 +13.4% | $164,400 -0.6% |
| 2011 | $2,264 -4% | $165,400 -9% |
| 2010 | $2,358 +3.3% | $181,800 +4.1% |
| 2009 | $2,282 +58.4% | $174,600 -39.9% |
| 2007 | $1,441 +5.3% | $290,700 +45.9% |
| 2006 | $1,367 | $199,300 +12.2% |
| 2003 | -- | $177,600 +1.7% |
| 2002 | $1,146 -3.6% | $174,600 +9.5% |
| 2001 | $1,188 | $159,500 |
Find assessor info on the county website
Neighborhood: 83642
Nearby homes
- $--2 bd1 ba867 sqft710 W Idaho Ave, Meridian, ID 83642Off Market
- $297,5002 bd1 ba900 sqft712 W Idaho Ave, Meridian, ID 83642Off Market
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- $738,8008 bd4 ba3.4k sqft714 W Idaho Ave, Meridian, ID 83642Off Market
- $1,2452 bd1 ba872 sqft724 W Idaho Ave, Meridian, ID 83642For Rent
- $714,0008 bd4 ba3.6k sqft801 NW 7th St, Meridian, ID 83642Off Market
- $--2 bd2 ba900 sqft803 W 7th St, Meridian, ID 83642Off Market
- $--2 bd2 ba900 sqft821 NW 7th St, Meridian, ID 83642Off Market
Nearby schools
GreatSchools rating
- 5/10Meridian Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 6/10Meridian Middle SchoolGrades: 6-8Distance: 0.1 mi
- 6/10Meridian High SchoolGrades: 9-12Distance: 0.7 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.
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Estimated market value
$850,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$850,500
- Idaho
- Ada County
- Meridian
- 83642
- 700 W Idaho Ave
