About 3850 W Chair Lift Ln
This fully rented, prime investment property is just a few minutes from downtown Meridian and interstate 84. Each unit in this 4-plex features a spacious 1765 square feet that includes 3 bedrooms, 2.5 bathrooms and a one-car garage. The kitchen and living area have a modern look and feel. This building is part of the newer Entrata Farms community which features a clubhouse, swimming pool and a green space just in front of the building. Rents, plus the “smart-home package” currently produce $87,000 in gross income per year with a cap rate of over 5%. The HOA dues are $816/month for the whole 4-plex which includes the master insurance policy, trash, water, and maintenance for all common areas.
Features of 3850 W Chair Lift Ln
| MLS® # | 98964111 |
|---|---|
| Price | $1,225,000 |
| Bedrooms | 12 |
| Bathrooms | 12.00 |
| Square Footage | 7,060 |
| Acres | 0.14 |
| Year Built | 2021 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Status | Active |
Community Information
| Address | 3850 W Chair Lift Ln |
|---|---|
| Area | Meridian SE - 1000 |
| Subdivision | Non Applicable |
| City | Meridian |
| County | Ada |
| State | ID |
| Zip Code | 83642 |
Amenities
| Utilities | Sewer Connected |
|---|---|
| Parking Spaces | 1 |
| Parking | One Car |
| # of Garages | 1 |
| Is Waterfront | No |
| Has Pool | No |
| Has A View | No |
| Has a Golf Course | No |
| Master Bedroom on Main | No |
| Land Use | 2-4 Units |
Interior
| Appliances | Disposal (All Units), Stove/Range (All Units), Refrigerator (All Units) |
|---|---|
| Heating | Natural Gas |
| Cooling | Central Air |
| Fireplace | No |
Exterior
| Lot Description | Small Lot 5999 SF, , One Car |
|---|---|
| Roof | Composition |
School Information
| District | West Ada School District |
|---|---|
| Elementary | Chaparral |
| Middle | Meridian Middle |
| High | Meridian |
Additional Information
| Date Listed | October 8th, 2025 |
|---|---|
| Days on Market | 3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | $816 |
| HOA Fees Freq. | Monthly |
| Taxes | $5,082 |
Listing Details
| Office | Congress Realty, Inc |
|---|---|
| Contact Info | english@congressrealty.com |