Remodeled Duplex with
For Sale
$839,000
1420-1422 E Homestead Ave, Coeur d Alene, ID 83814
MultiFamily, Multi Level, Coeur d'Alene, ID
Property Size3,408 SF
Lot Size0.18 Acres
Price / SF$246.19
Days on Market47
Property Features for 1420-1422 E Homestead Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CDA-R-12
Bedrooms
6
Full bathrooms
6
Rooms
Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 4, Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 5, Bedroom 6, Bathroom 6
Patio and Porch features
Patio, Deck
Interior features
Cable Internet Available, Mini-Split A/C, Main Floor Utilities
Exterior features
Open Deck, Rain Gutters
Fireplace
1
Basement
Daylight, Finished, Walk-Out Access
Subdivision
Northwest Townsite
Lot features
Sloped, Corner Lot, Level
View
Territorial
Elementary school district
CDA - 271
Middle school district
CDA - 271
High school district
CDA - 271
Directions
From I-90 head north on 15th St, turn left on E Homestead Ave, first home on the left.
Standard status
Active
APN
C6660001001A
Size
3,408 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Northwest Townsite Co 1st Add To Cda, Lt 1, N 30 Ft-Lt 2 Block 1 1250N04w
Tax Annual Amount
4083
Legal Description
Northwest Townsite Co 1st Add To Cda, Lt 1, N 30 Ft-Lt 2 Block 1 1250N04w
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Fireplace(s)
Water source
Public
Building Details
Year built
1978
Number of units
2
Building materials
T1-11, Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Windermere/Hayden, LLC · Windermere Real Estate
(208) 664-9221
Listed By:
Zachary Davis · License #SP43915
(208) 771-3940
Added: Jul 24
Changed: Sep 5
Last Checked: Sep 8 at 8:06AM
MLS# 26-7633
Copyright © 2026 Coeur d'Alene 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.
Investment Insights
Based on property information with market context.
This duplex contains 3,408 square feet across two 1,704-square-foot residences. Each unit includes 3 bedrooms, 3.5 bathrooms, an attached 2-car garage, and a private full bathroom for every bedroom. The interiors were remodeled in 2021 and include a range/oven, refrigerator, dishwasher, disposal, washer, and electric water heater. One residence is furnished and leased month-to-month. Additional features include mini-split A/C, main-floor utilities, fireplaces, decks, patios, and rain gutters.
The property occupies 0.18 acres at 1420-1422 E Homestead Ave in Coeur d'Alene, with access to public water and public sewer. It is positioned near downtown Coeur d'Alene, shopping, dining, parks, and freeway access. The property is zoned CDA-R-12 and was built in 1978.
The property occupies 0.18 acres at 1420-1422 E Homestead Ave in Coeur d'Alene, with access to public water and public sewer. It is positioned near downtown Coeur d'Alene, shopping, dining, parks, and freeway access. The property is zoned CDA-R-12 and was built in 1978.
Key Highlights
- Two 1,704‑square‑foot units totaling 3,408 square feet
- Each unit has 3 bedrooms, 3.5 bathrooms, and an attached 2‑car garage
- Every bedroom includes its own private full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,111
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$622,220
$622.2K
Cap Rate 7%
$444,443
$444.4K
Cap Rate 9%
$345,678
$345.7K
Market Conditions
NOI Build-Up for 3,408 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$47.0K $13.80/SF
− Vacancy
−$2.6K −$0.76/SF
EGI
$44.4K $13.04/SF
− OpEx
−$13.3K −$3.91/SF
NOI
$31.1K $9.13/SF
Area
Kootenai County, ID
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$622,220
Cap Rate 7%
$444,443
Cap Rate 9%
$345,678
Alternative Uses
Best Use
Multifamily LT 5
$444.4K
$388.9K – $518.5K
NOI $31,111 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$411.2K
$359.8K – $479.8K
NOI $28,786 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$739.3K
$646.9K – $862.5K
NOI $51,750 @ 7.0% cap · market cap 6.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
Explore this area
Business Placement
Demographics for 83814, ID
26,966
Population
14,314
Households
1.9
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
194.1 sq mi
ZIP Area
139
Density / Sq Mi
$69,914
Median Household Income
$41,195
Median Earnings
$1,223
Median Rent
$518,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two spacious residences offer private full bathrooms, attached garages, and updated interiors for rental or owner-occupant use.
Where is this duplex located?
The property is located at 1420-1422 E Homestead Ave Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Two 1,704‑square‑foot units totaling 3,408 square feet; Each unit has 3 bedrooms, 3.5 bathrooms, and an attached 2‑car garage; Every bedroom includes its own private full bathroom
