Fourplex Rental Property with Furnished
For Sale
$1,449,000
3398 W Lilac Ct, Post Falls, ID 83854
MULTI_FAMILY - Post Falls, ID
Property Size5,392 SF
Lot Size0.27 Acres
Price / SF$268.73
Days on Market47
Property Features for 3398 W Lilac Ct
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res
Bedrooms
14
Full bathrooms
6
Rooms
Bedroom 7, Bathroom 2, Bedroom 4, Bedroom 6, Bedroom 3, Bedroom 12, Bedroom 8, Bedroom 10, Bathroom 3, Bedroom 2, Bathroom 5, Bedroom 13, Bedroom 1, Bedroom 9, Bedroom 11, Bathroom 4, Bathroom 1, Bedroom 14, Bedroom 5, Bathroom 6
Window features
Skylight(s)
Patio and Porch features
Porch, Patio
Interior features
Cable Internet Available, High Speed Internet, Main Floor Utilities
Fencing
Fenced
Basement
None
Subdivision
Jubilee Gardens
Lot features
Sprinklers In Rear, Sprinklers In Front, Open Lot, Landscaped, Level, Cul-De-Sac
View
Territorial
Elementary school district
Post Falls - 273
Middle school district
Post Falls - 273
High school district
Post Falls - 273
Directions
From Coeur d'Alene, take I-90 west to Exit 5 (Spokane St.), north to Poleline Ave., west to Chase Rd., then north to W. Lilac Ct. Property is located on the left at 3398 W. Lilac Ct.
Standard status
Active
APN
P43750010020
Size
5,392 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Jubilee Gardens, Lt 2 Block 1 3251N05w
Tax Annual Amount
5453
Legal Description
Jubilee Gardens, Lt 2 Block 1 3251N05w
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas, Other (Heating), Electric (Heating), Radiant
Water source
Public
Building Details
Year built
1994
Number of units
4
Building materials
Vinyl Siding, Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
eXp Realty
(208) 890-7776
Listed By:
Chelsea Carpenter-Hosea · License #SP47071
(208) 770-0011
Added: Jun 27
Changed: Aug 9
Last Checked: Aug 12 at 3:06PM
MLS# 26-6688
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 well-maintained fourplex provides a mix of rental income with two furnished units that have operated as executive short-term rentals for the past three years, while the remaining units provide long-term rental income. The property is situated on a 0.27-acre lot and includes 5,392 square feet, with construction of vinyl siding and frame materials.
Built in 1994, the home is supported by public water and public sewer services. Interior features include main floor utilities and high-speed internet availability. The heating system includes natural gas with hot water (heating), radiant, electric (heating), and other (heating) options, and the roof is a composition roof. Exterior features include a fenced yard, patio, and porch.
The property is located just minutes from I-90, shopping, dining, schools, parks, and the Spokane River, supporting convenient access for residents and short-term guests alike.
Built in 1994, the home is supported by public water and public sewer services. Interior features include main floor utilities and high-speed internet availability. The heating system includes natural gas with hot water (heating), radiant, electric (heating), and other (heating) options, and the roof is a composition roof. Exterior features include a fenced yard, patio, and porch.
The property is located just minutes from I-90, shopping, dining, schools, parks, and the Spokane River, supporting convenient access for residents and short-term guests alike.
Key Highlights
- 0.27‑acre lot with 5,392 square feet in a fourplex configuration
- Two furnished units operated as executive short‑term rentals for the past three years
- Remaining units provide stable long‑term rental income
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
$49,222
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
3.40%
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%
$984,440
$984.4K
Cap Rate 7%
$703,171
$703.2K
Cap Rate 9%
$546,911
$546.9K
Market Conditions
NOI Build-Up for 5,392 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
$74.4K $13.80/SF
− Vacancy
−$4.1K −$0.76/SF
EGI
$70.3K $13.04/SF
− OpEx
−$21.1K −$3.91/SF
NOI
$49.2K $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%
$984,440
Cap Rate 7%
$703,171
Cap Rate 9%
$546,911
Alternative Uses
Best Use
Multifamily LT 5
$703.2K
$615.3K – $820.4K
NOI $49,222 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$650.6K
$569.3K – $759.1K
NOI $45,544 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,876 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
Explore this area
Business Placement
Demographics for 83854, ID
49,040
Population
20,440
Households
2.4
Avg Household Size
37
Median Age
23%
College-Educated
92%
High-School Grad
77.6 sq mi
ZIP Area
632
Density / Sq Mi
$72,820
Median Household Income
$41,223
Median Earnings
$1,311
Median Rent
$433,700
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?
Quadplex - Res-zoned fourplex with patio and porch, including two furnished units operating as executive short-term rentals.
Where is this quadplex located?
The property is located at 3398 W Lilac Ct Post Falls, ID.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: 0.27‑acre lot with 5,392 square feet in a fourplex configuration; Two furnished units operated as executive short‑term rentals for the past three years; Remaining units provide stable long‑term rental income
