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28853238
28853239

600 -660 Virginia St, New Meadows, ID 83654 For Sale

MB
ID DB8197
Brundage Realty - Donnelly/McCall
Listed by Brundage Realty - Donnelly/McCall
$3,600,000
220 days on market
Updated 87 days ago

New Meadows Multi-Family 4-Plex

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 18,496
Units 16
Cap Rate 5.42%
NOI $195,260
Price per SqFt $195
Class A
Year Built 2023
Buildings 4
Stories 4
Acreage 1.350
Parking Spaces 2 per unit

“Four Identical 4-Plexes Totaling 16 Units — New Construction, Fully Stabilized”

Marketing description

Introducing a newly built (2023) four-building multifamily complex located in the growing community of New Meadows, Idaho. This turn-key investment offers four identical 4-plex buildings—totaling 16 units and 18,496 SF—each featuring spacious 2-bedroom / 2-bath layouts designed for comfort, durability, and long-term tenant appeal. Every unit includes a modern open-concept floor plan, generous living space, and a gourmet kitchen equipped with stainless steel appliances including range/oven, microwave, refrigerator, and dishwasher.

Each 4-plex sits on its own parcel, providing exceptional flexibility for future disposition strategies. Investors may maintain the property as a 16-unit complex, sell buildings individually, or pursue future condo-style sales. Energy-efficient systems and separately metered utilities help reduce operating costs and streamline management. Quality new-build finishes throughout the property support tenant satisfaction and long-term retention.

All units are newly leased, offering immediate cash flow in a market with limited new construction and strong rental demand. This is a rare opportunity to acquire a fully stabilized, newly built multifamily complex in a desirable and rapidly developing Idaho location. Buildings may be acquired individually or as a complete 16-unit portfolio.

Investment highlights

  1. New Construction (2023): Four identical 4-plex buildings totaling 16 units—minimal near-term maintenance and strong long-term durability.

  2. Fully Stabilized Asset: All units newly leased, delivering immediate cash flow and reduced lease-up risk.

  3. Flexible Ownership Structure: Each 4-plex sits on its own 0.3-acre parcel, allowing for individual resale, condo-style disposition, or long-term hold strategies.

  4. Modern, Tenant-Appealing Design: Spacious 2-bed/2-bath floor plans with open-concept layouts and stainless steel appliance packages support strong tenant demand and retention.

  5. Efficient Operations: Energy-efficient construction and separately metered utilities keep operating expenses low and simplify management.

  6. Strong Rental Market: New Meadows offers solid rental demand with limited new construction, supporting stable occupancy and long-term appreciation.

  7. Scalable Investment: Opportunity to acquire the entire 16-unit complex or select individual 4-plex buildings based on portfolio goals.

  8. Turnkey, Cash-Flowing Portfolio: Rare chance to purchase new construction, fully occupied, and ready to perform on day one.

Listing Contacts

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

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$195,260.00
$16,271.67/mo

Valuation Metrics

0
DSCR
5.42%
Cap Rate
5.42%
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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