Workforce Housing Mobile Home
5405 E Grove Ave Athol, ID 83801
For Sale
$2,650,000
COMMERCIAL - Athol, ID
Property Size12,000 SF
Lot Size1.86 Acres
Price / SF$220.83
Days on Market64
Property Features for 5405 E Grove Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RES
Interior features
High Speed Internet
Exterior features
Lawn
Fencing
Cross Fenced
Basement
Crawl Space
Standard status
Active
APN
A3999006003A
Size
12,000 SF
Lot size
1.86 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BENNETTS 2ND ADD TO ATHOL, LTS 1,2,3,4,5,6 & 7 BLK 6 AND LTS 1,2,3,4 BLK 5
Tax Annual Amount
10253
Utilities
Sewer type
Septic Tank
Heating system
Other (Heating), Forced Air, Baseboard, Natural Gas, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
2000
Building materials
Aluminum Siding, T1-11
Roof type
Composition, Rubber
Architectural style
Other
Listing Agency:
REAL BROKER LLC
(509) 990-2525
Listed By:
John Thomas Sinclair · License #AB31974
(208) 818-8385
Added: May 28
Changed: Jul 30
Last Checked: Jul 30 at 9:06AM
MLS# 26-5443
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.
Workforce housing mobile home community offering nine rental homes on city lots, including six singlewide homes and three doublewide homes. All homes are separately metered, with tenants responsible for their own utilities, lawn care, and snow removal. Each residence includes a fenced yard and storage shed, supporting a more neighborhood-style setup than a traditional park. The property is currently 100% occupied and has established management in place, available to the next owner. Ownership has updated the units over time to address deferred maintenance and improve overall condition.
The community is located at 5405 E Grove Ave in Athol, Idaho, and ownership includes all nine rental homes and 11 city lots, plus two additional developable lots. Financial information is available upon request, and please do not disturb tenants.
The community is located at 5405 E Grove Ave in Athol, Idaho, and ownership includes all nine rental homes and 11 city lots, plus two additional developable lots. Financial information is available upon request, and please do not disturb tenants.
Key Highlights
- Workforce housing community with 9 rental homes on approximately 2.23 acres in Athol, Idaho
- Ownership includes all 9 rental homes and 11 city lots; property has 6 singlewide and 3 doublewide homes
- Tenants are responsible for utilities, lawn care, and snow removal; each home is separately metered
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $194.4k | $16.20 |
| − Vacancy | −$10.1k | −$0.84 |
| EGI | $184.3k | $15.36 |
| − OpEx | −$82.9k | −$6.91 |
| NOI | $101.4k | $8.45 |
12,000 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,360 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.60M
$2.28M – $3.04M
NOI $182,218 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Nine separately metered rental homes on city lots, with fenced yards and storage sheds, currently 100% occupied.
Where is this mobile home & rv park located?
The property is located at 5405 E Grove Ave Athol, ID.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Workforce housing community with 9 rental homes on approximately 2.23 acres in Athol, Idaho; Ownership includes all 9 rental homes and 11 city lots; property has 6 singlewide and 3 doublewide homes; Tenants are responsible for utilities, lawn care, and snow removal; each home is separately metered
