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    417 Pine St Sandpoint, ID 83864

    Sponsored
    For Sale
    $950,000

    MULTI_FAMILY - Sandpoint, ID

    Property size:
    3,174 SF
    Lot size:
    0.16 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 2 at 9:06 pm

    Property Features for 417 Pine St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Mixed Use RES
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 7, Bathroom 4, Bedroom 2, Bathroom 3, Bedroom 3, Bedroom 5, Bedroom 4, Bedroom 1, Bedroom 6
    Bedrooms
    7
    APN
    RPS024300A0070A
    Patio and Porch features
    Patio, Porch
    Interior features
    High Speed Internet, Main Floor Utilities
    Exterior features
    Rain Gutters
    Basement
    None, Crawl Space
    Size
    3,174 SF
    Lot size
    0.16 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Other (Heating), Forced Air, Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1915
    Number of units
    3
    Building materials
    Wood Siding, Steel Siding, Cedar, Lap Siding, Frame
    Roof type
    Metal, Composition

    We can help!

    Listing Contact
    Rebeca Odenthal
    Rebeca Odenthal

    Century 21 Beutler & Associates, Inc. (208) 765-5554

    Listing agent Rebeca Odenthal (208) 946-8355 License #SP57604

    Listing date Feb 26, 2026

    MLS# 26-1642 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Downtown Sandpoint Home with Income

    This property is located in downtown Sandpoint, Idaho, near Schweitzer Mountain Resort and Lake Pend Oreille, and within walking distance of dining and coffee shops. The property features an updated main residence with 4 bedrooms and 2 bathrooms, suitable for full-time living or long-term rental. Additionally, there is a separate studio ideal for Airbnb or guest use, and a detached 2-bedroom, 1.5-bath Accessory Dwelling Unit (ADU) with new carpet. The property is suitable for investors, vacation home buyers, or owner-occupants seeking rental income. The property offers access to skiing, hiking, boating, and downtown Sandpoint. The lot size is 0.16 acres, and the property size is 3174 square feet. The property is zoned as Mixed Use RES.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Law Firm Restaurant Dental Office Real Estate Agency Hair Salon Spa & Massage Center Nail Salon Building Supply Accounting Firm Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sandpoint
    County
    Bonner
    State
    Idaho
    Longitude
    -116.552887
    Latitude
    48.272832

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    FAQs

    What type of property is this?
    Multifamily property - Rare Sandpoint home near resort, lake, dining, and coffee.
    Where is this multifamily property located?
    The property is located at 417 Pine St Sandpoint, ID.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - High income potential with main residence, separate studio, and detached 2-bedroom ADU, suitable for Airbnb or long-term rentals.; - Prime downtown Sandpoint location, walkable to dining and coffee shops, and close to Schweitzer Mountain Resort and Lake Pend Oreille.; - Flexible living options ideal for investors, vacation home buyers, or owner-occupants seeking rental income to offset mortgage.
    (208) 946-8355
    Request Owner's contact information
    417 Pine St Sandpoint, ID 83864
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    Sandpoint, ID 83864
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    417 Pine St Sandpoint, ID 83864
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    We can help!
    Listing Contact
    Rebeca Odenthal
    Rebeca Odenthal
    Real Estate License ID: SP57604
    (208) 946-8355
    Learn more
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