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Virginia Street 4 Multifamily Properties Offered at $5,357,736 CAD in New Meadows, ID

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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.

TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access

ANNUAL (CAD)
Gross Rental Income -
Other Income -
Vacancy Loss -
Effective Gross Income -
Net Operating Income $99,999

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 $5,357,736 CAD
Price / SF $289.67 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 $1,375,933 CAD
620 Virginia St, New Meadows, ID 83654 Multifamily 4,624 SF 2023 $1,375,933 CAD
640 Virginia St, New Meadows, ID 83654 Multifamily 4,624 SF 2023 $1,375,933 CAD
660 Virginia St, New Meadows, ID 83654 Multifamily 4,624 SF 2023 $1,375,933 CAD
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  • Listing ID: 38727507

  • Date on Market: 2025-12-10

  • Last Updated:

  • Address: Virginia Street, New Meadows, ID

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