Updated Duplex with
New
For Sale
$609,000
4072 E 2nd Ave, Post Falls, ID 83854
MultiFamily, Sgl Level, Post Falls, ID
Property Size2,400 SF
Lot Size0.19 Acres
Price / SF$253.75
Days on Market2
Property Features for 4072 E 2nd Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Post Falls-R-2
Bedrooms
6
Full bathrooms
4
Rooms
Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 6, Bathroom 3, Bedroom 4
Patio and Porch features
Patio, Porch
Interior features
Main Floor Utilities
Exterior features
Garden, Rain Gutters
Fencing
Fenced
Subdivision
Ross Point Est
Lot features
Sprinklers In Rear, Sprinklers In Front, Landscaped, Level
View
Territorial
Elementary school district
Post Falls - 273
Middle school district
Post Falls - 273
High school district
Post Falls - 273
Directions
Duplex is located just South of Seltice and just East of Ross Point Rd
Standard status
Active
APN
P82000010240
Size
2,400 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Ross Point Estates, Lt 24 Block 1 0650N04w
Tax Annual Amount
3217
Legal Description
Ross Point Estates, Lt 24 Block 1 0650N04w
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1993
Number of units
2
Building materials
T1-11, Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Sayles Real Estate LLC
(208) 818-2606
Listed By:
Lanette Livingston-Clark · License #SP41387
(208) 651-0557
Added: Aug 30
Last Checked: Aug 31 at 3:06AM
MLS# 26-8894
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 2,400-square-foot duplex contains two single-level residences, each configured with three bedrooms and two bathrooms. One residence includes a two-car garage, while the other has a one-car garage. The property was built in 1993 and occupies 0.19 acres. Unit A was remodeled in 2022, and Unit B was remodeled in 2025.
Recent property improvements include new water heaters, a new gas forced-air furnace installed within the last 7 years, a composition roof installed in 2016, and new fencing. The sprinkler system also has a new backflow system. Public water and public sewer serve the property, with cable available. The site is zoned Post Falls-R-2 and includes patios, porches, rain gutters, and a fenced exterior.
Recent property improvements include new water heaters, a new gas forced-air furnace installed within the last 7 years, a composition roof installed in 2016, and new fencing. The sprinkler system also has a new backflow system. Public water and public sewer serve the property, with cable available. The site is zoned Post Falls-R-2 and includes patios, porches, rain gutters, and a fenced exterior.
Key Highlights
- 2,400‑square‑foot duplex on 0.19 acres
- Two residences, each with 3 bedrooms and 2 bathrooms
- Unit A remodeled in 2022; Unit B remodeled in 2025
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
$21,909
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
3.60%
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%
$438,180
$438.2K
Cap Rate 7%
$312,986
$313.0K
Cap Rate 9%
$243,433
$243.4K
Market Conditions
NOI Build-Up for 2,400 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
$33.1K $13.80/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$31.3K $13.04/SF
− OpEx
−$9.4K −$3.91/SF
NOI
$21.9K $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%
$438,180
Cap Rate 7%
$312,986
Cap Rate 9%
$243,433
Alternative Uses
Best Use
Multifamily LT 5
$313.0K
$273.9K – $365.2K
NOI $21,909 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$289.6K
$253.4K – $337.9K
NOI $20,272 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$520.6K
$455.6K – $607.4K
NOI $36,444 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
217
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?
Duplex - Two single-level residences offer three-bedroom, two-bath layouts with individual garage space and recent interior updates.
Where is this duplex located?
The property is located at 4072 E 2nd Ave Post Falls, ID.
What is the asking price?
The asking price for this property is $609,000.
What are key features of this property?
This property features: 2,400‑square‑foot duplex on 0.19 acres; Two residences, each with 3 bedrooms and 2 bathrooms; Unit A remodeled in 2022; Unit B remodeled in 2025
