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Virginia Street 4 Multifamily Properties Offered at $5,247,338 CAD in New Meadows, ID

Investment Highlights
- New 2023 construction designed for low maintenance and long-term durability.
- Energy-efficient building design helps reduce utility and operating expenses.
- Consistent rental demand supports steady occupancy and reliable cash flow.
- Four modern 2-bed/2-bath units with open, inviting floor plans that appeal to tenants.
- Separately metered utilities provide straightforward management and cleaner financials.
- Well-built, comfortable homes that encourage tenant stability and long-term residency.
Executive Summary
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.
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.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual (CAD) |
|---|---|
| Gross Rental Income |
-
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| Other Income |
-
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| Vacancy Loss |
-
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| Effective Gross Income |
-
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| Net Operating Income |
$99,999
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Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $5,247,338 CAD | Number of Properties | 4 |
| Price / SF | $283.70 CAD / SF | Individually For Sale | 4 |
| Cap Rate | 5.02% | Total Building Size | 18,496 SF |
| Sale Type | Investment | Total Land Area | 1.02 AC |
| Status | Active |
| Price | $5,247,338 CAD |
| Price / SF | $283.70 CAD / SF |
| Cap Rate | 5.02% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 4 |
| Total Building Size | 18,496 SF |
| Total Land Area | 1.02 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Heartland Apartments
600 Virginia St, New Meadows, ID 83654 |
Multifamily | 4,624 SF | 2023 | $1,347,581 CAD |
| 620 Virginia St, New Meadows, ID 83654 | Multifamily | 4,624 SF | 2023 | $1,347,581 CAD |
| 640 Virginia St, New Meadows, ID 83654 | Multifamily | 4,624 SF | 2023 | $1,347,581 CAD |
| 660 Virginia St, New Meadows, ID 83654 | Multifamily | 4,624 SF | 2023 | $1,347,581 CAD |
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Brundage Realty
Virginia Street
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