Single-Level
For Sale
$549,900
2903/2905 N Honeysuckle Dr, Coeur d Alene, ID 83815
MultiFamily, Sgl Level, Coeur d'Alene, ID
Property Size1,704 SF
Lot Size0.19 Acres
Price / SF$322.71
Days on Market23
Property Features for 2903/2905 N Honeysuckle Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CDA-R-12
Bedrooms
4
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4
Subdivision
Davis Park
Lot features
Open Lot, Corner Lot, Wooded
View
Territorial
Elementary school district
CDA - 271
Middle school district
CDA - 271
High school district
CDA - 271
Directions
N OF BEST ON HONEYSUCKLE AT CR
Standard status
Active
APN
C2385015012A / 108782
Size
1,704 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lots 12, 13 Block 15 Davis Park
Tax Annual Amount
2801
Legal Description
Lots 12, 13 Block 15 Davis Park
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Wall Furnace, Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1978
Number of units
2
Building materials
T1-11, Brick, Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
REAL BROKER LLC
(509) 990-2525
Listed By:
Luke Brown · License #SP40139
(208) 771-2401
Added: Aug 3
Changed: Aug 20
Last Checked: Aug 25 at 4:06AM
MLS# 26-8402
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 single-level duplex contains approximately 1,704 total square feet, with 852 square feet assigned to each unit. Both residences include 2 bedrooms and 1 bathroom, creating a consistent layout across the property. The building was constructed in 1978 and features T1-11, brick, and frame construction. Exterior paint was completed in 2024, and the composition roof was installed in 2017.
Positioned at 2903/2905 N Honeysuckle Dr in Coeur d'Alene, the property sits on a 0.19-acre lot with access to public water and public sewer. Heating is provided by wall furnaces, natural gas, and forced air. Cable is available, while the surrounding area offers access to I-90, shopping, and local amenities.
Positioned at 2903/2905 N Honeysuckle Dr in Coeur d'Alene, the property sits on a 0.19-acre lot with access to public water and public sewer. Heating is provided by wall furnaces, natural gas, and forced air. Cable is available, while the surrounding area offers access to I-90, shopping, and local amenities.
Key Highlights
- Approximately 1,704 total sq ft; 852 sq ft per unit
- 2 bedrooms and 1 bathroom in each unit
- 0.19‑acre lot in Coeur d'Alene
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
$15,555
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
2.83%
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%
$311,100
$311.1K
Cap Rate 7%
$222,214
$222.2K
Cap Rate 9%
$172,833
$172.8K
Market Conditions
NOI Build-Up for 1,704 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
$23.5K $13.80/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$22.2K $13.04/SF
− OpEx
−$6.7K −$3.91/SF
NOI
$15.6K $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%
$311,100
Cap Rate 7%
$222,214
Cap Rate 9%
$172,833
Alternative Uses
Best Use
Multifamily LT 5
$222.2K
$194.4K – $259.3K
NOI $15,555 @ 7.0% cap · market cap 2.83%
Second Best
Apartment 5plus
$205.6K
$179.9K – $239.9K
NOI $14,393 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$369.6K
$323.4K – $431.3K
NOI $25,875 @ 7.0% cap · market cap 4.71%
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
379
Businesses Nearby
Explore this area
Business Placement
Demographics for 83815, ID
39,412
Population
17,031
Households
2.3
Avg Household Size
39
Median Age
33%
College-Educated
96%
High-School Grad
15.6 sq mi
ZIP Area
2,526
Density / Sq Mi
$77,139
Median Household Income
$39,257
Median Earnings
$1,445
Median Rent
$472,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separate living spaces with convenient access to I-90, shopping, and nearby amenities.
Where is this duplex located?
The property is located at 2903/2905 N Honeysuckle Dr Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Approximately 1,704 total sq ft; 852 sq ft per unit; 2 bedrooms and 1 bathroom in each unit; 0.19‑acre lot in Coeur d'Alene
