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
$593,700 Zestimate®
$--/sqft
$1,514 Estimated rent
Home value
$593,700
$558,000 - $635,000
$1,514/mo
Zestimate® history
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Zillow last checked: 7 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 |
|---|---|---|
| 2025 | $2,304 -7.6% | $462,800 0% |
| 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% |
| 2021 | $2,587 -3.4% | $379,600 +22.3% |
| 2020 | $2,679 +16.2% | $310,400 +25.3% |
| 2019 | $2,306 +5.7% | $247,700 +25.4% |
| 2018 | $2,181 +13.8% | $197,500 +11.7% |
| 2017 | $1,917 | $176,800 +10.9% |
| 2016 | $1,917 | $159,400 +11.5% |
| 2015 | $1,917 +198.2% | $143,000 +26% |
| 2012 | $643 -46.3% | $113,500 -2.7% |
| 2011 | $1,197 -4.5% | $116,600 -9.5% |
| 2010 | $1,253 -7.3% | $128,800 -5.8% |
| 2009 | $1,352 +108.4% | $136,800 -33.6% |
| 2007 | $649 -15.4% | $205,900 +50.8% |
| 2006 | $767 +14.9% | $136,500 +17.1% |
| 2003 | $667 -15.4% | $116,600 +2.9% |
| 2002 | $789 +17.1% | $113,300 |
| 2001 | $674 | $113,300 |
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.
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Estimated market value
$593,700
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
$593,700
- Idaho
- Ada County
- Meridian
- 83642
- 338 E State Ave