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324 NE 3rd St., 
Meridian, ID 83642

$6,950,000


Bed


Bath


28,238

Sq Ft


Multi-Family

Active

Listed by

Robert Santangelo

Andrew Bussen

Compass Re

208-269-3371

Last updated:

February 11, 2026, 03:12 PM

MLS#

98972987

Source:

ID IMLS

About This Home

324 NE 3rd St.

324 NE 3rd Street is a 28-unit multi-family investment-grade property that is easy to manage with a strong rental history. The unit mix includes virtually identical two-bedroom, two-bath units with a primary bedroom and private bath, in-unit laundry, separate kitchen and dining areas, and spacious living rooms. Constructed in 2018, the development comprises the Third Street Square plat, which consists of eight (8) parcel numbers assigned to each building and the common area clubhouse, providing flexibility for investors. The property also features a common-area clubhouse with numerous opportunities to enhance tenant amenities. The property has abundant on-site parking, including 30 covered carport stalls and additional surface parking. The property has maintained near 100% occupancy since 2018 and has upside income potential relative to market rents. The property is offered at $6,950,000, yielding a 5.25% going-in capitalization rate based on stabilized pro forma income at estimated market rents.

Home Facts

Multi-Family

Built in 2018

Price Summary

6,950,000

$246 per Sq. Ft.

MLS #:

98972987

Last Updated:

February 11, 2026, 03:12 PM

Added:

21 day(s) ago


Rooms & Interior

Interior

Living Area:

28,238 Sq. Ft.


Structure

Structure

Building Area:

28,238 Sq. Ft.

Year Built:

2018


Finances & Disclosures

Finances

Price:

$6,950,000

Price per Sq. Ft:

$246 per Sq. Ft.

Source:ID IMLS
Property information provided by the RAFGC MLS – a service of the REALTOR® Association of Franklin & Gulf Counties.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.