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28826823
28826824

640 Virginia St, New Meadows, ID 83654 For Sale

MB
ID DB8197
Brundage Realty - Donnelly/McCall
Listed by Brundage Realty - Donnelly/McCall
$920,000
223 days on market
Updated 88 days ago

Modern Fourplex 2023 – Turnkey & Leased – New Meadows

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,624
Units 4
Cap Rate 5.31%
NOI $48,815
Occupancy 100%
Price per SqFt $199
Class A
Year Built 2023
Buildings 1
Stories 2

Fourplex Investment Opportunity in Rising Market

Marketing description

Introducing a newly built (2023) four-unit multifamily property located in the growing community of New Meadows, Idaho. This 4-plex totals 4,624 SF and features four identical 2-bedroom / 2-bath units, each designed with modern open-concept layouts, spacious living areas, and gourmet kitchens equipped with stainless steel appliances—including range/oven, microwave, refrigerator, and dishwasher.

Each unit sits on its own 0.3-acre parcel, allowing for individual sale, long-term portfolio flexibility, or future condo-style disposition. Constructed with energy-efficient systems and separately metered utilities, the property offers simplified management and reduced operating costs. Residents enjoy snow-free, interior stairways, paved parking, and quality new-build finishes throughout.

All units are newly leased, providing immediate cash flow in a market experiencing strong rental demand and limited new construction supply. Buyers may purchase this 4-plex individually or combine it with additional buildings within the Heartland development for scale and added income stability.

Priced at $999,000, this asset provides an exceptional opportunity to acquire turn-key, fully rented, new construction in a desirable and rapidly developing Idaho location.

Investment highlights

  • New Construction (2023) – Modern systems and low-maintenance design

  • Four Well-Appointed Units – Each 2BR / 2BA with layouts appealing to long-term renters

  • Total 4,624 SF – Consistent floor plans for efficient management and strong rental appeal

  • Individual 0.3-Acre Parcels per Unit – Flexibility for individual sale or future condo-style conversion

  • Fully Leased – Immediate rental income with reliable tenant occupancy

  • Stainless Steel Appliances included in every unit for modern functionality

  • Energy-Efficient Features and separately metered utilities for reduced operating costs

  • Interior Snow-Free Stairways & Paved Parking – Convenient, year-round access for residents

  • Prime New Meadows Location – Growing market with high rental demand and limited new inventory

  • No HOA (Yet) – Lower expenses and greater operational flexibility

  • Optional Portfolio Expansion – Opportunity to acquire additional 4-plexes within the Heartland development

Listing Contacts

MB
ID DB8197
Brundage Realty - Donnelly/McCall
Listed by Brundage Realty - Donnelly/McCall

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$48,815.00
$4,067.92/mo

Valuation Metrics

0
DSCR
5.31%
Cap Rate
5.31%
ROI

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Additional Information

Name
Michele Basye
License
DB8197
Brokerage Phone
2086341234
Brokerage Address
403 North 3rd Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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