# 324 NE 3rd St., Meridian, ID 83642

> **TL;DR:** multi-family, $6,950,000 ($246/sqft), built 2018, 28,238 sqft.
> A/C. Est. $30,117/mo. Listed 3 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $6,950,000 |
| Price/sqft | $246 |
| Square Feet | 28,238 |
| Year Built | 2018 |
| Property Type | Multi-Family (Apartment) |
| Status | For Sale |
| Days on Market | 3 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $30,117 |
| **Total** | **$30,117** |

## Nearby Schools

- **Elementary:** Meridian
- **Middle:** Meridian Middle
- **High:** Meridian

## Key Amenities

- A/C

## Property Highlights

- Built in 2018
- 40 parking spaces

## Description

### Agent Description
324 NE 3rd Street is a 28-unit, investment-grade multifamily property that is easy to manage and has 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 a 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.

## Location

- **Address:** 324 NE 3rd St., Meridian, ID 83642
- **County:** Ada
- **Neighborhood:** 0 Not Applic.
- **Coordinates:** 43.60657599, -116.3874431
- **Google Maps:** https://www.google.com/maps?q=43.60657599,-116.3874431

## Listing Agent

- **Name:** Robert Santangelo
- **Brokerage:** Real Broker LLC
- **Phone:** 7605052222
- **Email:** robert@robertsantangelo.com

## Primary Photo

![324 NE 3rd St. - Primary Photo](http://lh.rdcpix.com/6bd78b78f1673b8451e72e270a91426cl-f2340405660r.jpg)

*17 total photos available on [listing page](https://www.propertysimple.com/listing/324-ne-3rd-st-meridian-id-83642-98988433)*

---

**MLS#:** 98988433 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/324-ne-3rd-st-meridian-id-83642-98988433)

---

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