8-Unit Apartment
For Sale
$1,780,000
91 W Wyoming Ave, Hayden, ID 83835
MultiFamily, Multi Level, Hayden, ID
Property Size6,560 SF
Lot Size0.46 Acres
Price / SF$271.34
Days on Market47
Property Features for 91 W Wyoming Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Bedrooms
16
Full bathrooms
8
Rooms
Bedroom 1, Bedroom 8, Bedroom 4, Bedroom 3, Bedroom 15, Bathroom 6, Bedroom 11, Bedroom 12, Bathroom 5, Bathroom 1, Bedroom 16, Bedroom 9, Bedroom 10, Bathroom 8, Bathroom 4, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 7, Bedroom 13, Bedroom 6, Bathroom 7, Bedroom 14, Bedroom 5
Basement
Crawl Space
Lot features
Landscaped, Level
View
City, Territorial
Elementary school district
CDA - 271
Middle school district
CDA - 271
High school district
CDA - 271
Directions
Highway 95 to Wyoming Ave - East on Wyoming Ave - Property is located on the North Side of Wyoming before you hit Government Way
Subdivision
03 - Hayden
Standard status
Active
APN
HL4550010010
Size
6,560 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Parkers Park, Lt 1 Block 1 1151N04w
Tax Annual Amount
6548
Legal Description
Parkers Park, Lt 1 Block 1 1151N04w
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Electric (Heating), Other (Heating)
Water source
Public
Amenities
extra storage
private fenced back yards
on-site coin op laundry
Building Details
Year built
1972
Number of units
8
Building materials
Wood Siding, Steel Siding, Frame
Roof type
Metal
Architectural style
Other
Listing Agency:
Kiemle Hagood
(208) 770-2590
Listed By:
Jeramie Terzulli · License #SP41158
(208) 819-6004
Added: Aug 11
Changed: Sep 25
Last Checked: Sep 26 at 10:06AM
MLS# 26-9728
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 8-unit apartment property contains 6,560 square feet across units configured with two bedrooms and one bathroom each. Every unit has a covered parking stall and additional storage. Several lower-level apartments feature private fenced yards, and coin-operated laundry is located on the lower level. The building was constructed in 1972 and has received multiple capital improvements within the past five years. The 0.46-acre site is zoned Commercial and served by public water and sewer.
The property is in Hayden, one block from Highway 95. Its apartment mix is consistent across all eight residences, with outdoor space available at the lower-level units. Metal roofing and electric baseboard heating are among the building’s documented features.
The property is in Hayden, one block from Highway 95. Its apartment mix is consistent across all eight residences, with outdoor space available at the lower-level units. Metal roofing and electric baseboard heating are among the building’s documented features.
Key Highlights
- Eight apartments, each with two bedrooms and one bathroom
- 6,560 square feet on a 0.46‑acre site
- Covered parking stall and additional storage for every unit
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
$55,410
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
3.11%
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%
$1,108,200
$1.1M
Cap Rate 7%
$791,571
$791.6K
Cap Rate 9%
$615,667
$615.7K
Market Conditions
NOI Build-Up for 6,560 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
$106.3K $16.20/SF
− Vacancy
−$5.5K −$0.84/SF
EGI
$100.7K $15.36/SF
− OpEx
−$45.3K −$6.91/SF
NOI
$55.4K $8.45/SF
Area
Kootenai County, ID
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
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%
$1,108,200
Cap Rate 7%
$791,571
Cap Rate 9%
$615,667
Alternative Uses
Best Use
Apartment 5plus
$791.6K
$692.6K – $923.5K
NOI $55,410 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,612 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
8
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
Business Placement
Demographics for 83835, ID
23,157
Population
10,110
Households
2.3
Avg Household Size
46
Median Age
33%
College-Educated
95%
High-School Grad
99.4 sq mi
ZIP Area
233
Density / Sq Mi
$86,014
Median Household Income
$43,925
Median Earnings
$1,688
Median Rent
$502,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Each residence includes two bedrooms, one bathroom, covered parking, and separate storage.
Where is this apartment building located?
The property is located at 91 W Wyoming Ave Hayden, ID.
What is the asking price?
The asking price for this property is $1,780,000.
What are key features of this property?
This property features: Eight apartments, each with two bedrooms and one bathroom; 6,560 square feet on a 0.46‑acre site; Covered parking stall and additional storage for every unit
