324 NW 3rd St

Beds
Baths
28,238 Sq. Ft.
$246 / Sq. Ft.
28,238
Sq. Ft.
$246
per Sq. Ft.

Description

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...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.

Listing Agent

Property Details for 324 Northwest 3rd Street

Parking Features
Carport
LISTING UPDATED: 01/28/2026 05:37 PM

Property Details for 324 Northwest 3rd Street

StatusActive
MLS #98972987
Days on Market2
Taxes$29,169 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built2018
CountyAda County
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Building Information for 324 Northwest 3rd Street

Building/Complex324 Nw 3rd StFloor-Stories-Residences28Pet Policy-Pet Policy Details-Year Built2018Building Size-

Payment Calculator

$36,304 per month

30 year fixed, 6.15% Interest

Principal and Interest

$33,873

Property Taxes

$2,431

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 324 Northwest 3rd Street

Summary
Taxes and HOA
  • Tax Legal Description: Third Street Square Subdivision
  • Tax Year: 2025
  • Parcel Number: R8393710040
School Information
  • Elementary School: Meridian
  • Elementary School District: West Ada School District
  • HighSchool: Meridian
  • HighSchool District: West Ada School District
  • Middle Or Junior School: Meridian Middle
  • Middle Or Junior School District: West Ada School District
Parking
  • Carport: Yes
  • Garage: No
  • Parking Total: 40
Property
Lot Information
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Units: Square Feet
  • Building Area Total: 28238.0
  • Building Area Units: Square Feet
  • Farm Land Area Units: Square Feet
  • Living Area: 28238.0
  • Living Area Units: Square Feet
  • Lot Features: 1 - 4.99 Acres
  • Lot Size Units: Acres
Property and Assessments
  • Photos Count: 12
  • Year Built: 2018
Utilities
  • Utilities: Sewer Connected
  • Water Source: City Service
Interior and Exterior Features
Exterior Features
  • Roof: Composition
Interior Features
  • Appliances: Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (All Units)
  • Cooling: Central Air
  • Cooling Available: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Laundry Features: Washer/Dryer Hookups (All Units)
Multi Family
Multi-Family Information
  • Number Of Units Total: 28

Property History for 324 Northwest 3rd Street

DateEvent & SourcePriceAppreciation
Jan 27, 2026

Listed (Active)

IMLS #98972987

$6,950,000
DateEvent & SourcePrice
01/27/2026

Listed (Active)

IMLS #98972987

$6,950,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 324 Northwest 3rd Street

Taxable ValueLand-Additions-Total-
Home Facts
Beds8Total Finished SqFt4,042 SqFtAbove Grade Finished SqFt4,042 SqFtStories2Lot Size42,471 SqFtStyleMiscellaneous ResidentialYear Built2019ZoningO-TCountyADAAPNR8393710020

Schools near 324 Northwest 3rd Street

This home is within Joint School District No. 2.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Meridian Elementary School
PublicPK to 5

Meridian Middle School
Public6 to 8

Meridian High School
Public9 to 12

Rebound School Of Opportunity
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

324 Northwest 3rd Street is a multi-family home for sale in Meridian, ID 83642. This property was listed for sale on January 27, 2026 by Compass, it's currently listed at $6,950,000. This listing's school district is Joint School District No. 2. Nearby schools include Meridian Elementary School, Meridian Middle School and Meridian High School. 324 Northwest 3rd Street is a 0-bed, 0-bath, 28,238 sqft multi-family home built in 2018.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Sun Valley Board of REALTORS®, Intermountain MLS, Mountain Central Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Sun Valley Board of REALTORS®, Intermountain MLS, Mountain Central Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.