Single-Level Duplex with Fenced
For Sale
$675,000
Pending
2429&2431 N 9TH St, Coeur d Alene, ID 83814
MultiFamily, Sgl Level, Coeur d'Alene, ID
Property Size2,812 SF
Lot Size0.28 Acres
Days on Market69
Property Features for 2429&2431 N 9TH St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CDA-R-12
Bedrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 4, Den, Bathroom 4, Bedroom 2
Window features
Skylight(s)
Patio and Porch features
Patio
Interior features
Fireplace, High Speed Internet, Den/Library, Main Floor Utilities
Exterior features
Fruit Trees, Rain Gutters
Fireplace
1
Basement
None
Lot features
Sprinklers In Rear, Sprinklers In Front, Open Lot, Landscaped, Level
Elementary school district
CDA - 271
Middle school district
CDA - 271
High school district
CDA - 271
Directions
White duplex approx. 07 tenths of a mile south on 9th St from Best Ave, west side of the street.
Subdivision
01 - Cd'A Urban/Dalton
Standard status
Pending
APN
C00000120805
Size
2,812 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
S 80 FT TAX#4390 EX W 155 FT 1250N04W
Tax Annual Amount
3214
Legal Description
S 80 FT TAX#4390 EX W 155 FT 1250N04W
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air, Fireplace(s)
Cooling system
Central Air
Water source
Public
Amenities
primary suite
en-suite bathroom
guest bathroom
fenced backyard
attached garage
Building Details
Year built
1997
Number of units
2
Building materials
Vinyl Siding, Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Coldwell Banker Schneidmiller Realty · Coldwell Banker Real Estate
(800) 829-2555
Listed By:
Rob Sherar · License #SP53300
(208) 755-3452
Added: Jun 16
Changed: Aug 19
Last Checked: Aug 23 at 8:06AM
MLS# 26-6204
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.
Single-level duplex at 2429&2431 N 9TH St, Coeur d’Alene, ID 83814, built in 1997 and set on a 0.28-acre lot. Each unit features a primary suite with a private en-suite bathroom plus a separate guest bathroom, along with functional layouts and private fenced backyards. The larger unit includes brand-new flooring. The attached garage configuration offers convenience, with a two-stall garage for the larger unit and a one-stall garage for the other. Interior features include a fireplace, main floor utilities, a den/library, and high-speed internet. The home has forced-air heating with natural gas and central air cooling. Exterior amenities include a patio, fruit trees, and rain gutters, with vinyl siding and a composition roof.
Zoned CDA-R-12, the property is described as a central Coeur d’Alene location close to downtown, shopping, dining, and parks. It’s presented as suitable for long-term and short-term rental opportunities, subject to local regulations, creating flexibility for investors or owner-occupants.
With 2,812 SF of total property size, this duplex offers two separate residential units with private outdoor space and dedicated garage parking.
Zoned CDA-R-12, the property is described as a central Coeur d’Alene location close to downtown, shopping, dining, and parks. It’s presented as suitable for long-term and short-term rental opportunities, subject to local regulations, creating flexibility for investors or owner-occupants.
With 2,812 SF of total property size, this duplex offers two separate residential units with private outdoor space and dedicated garage parking.
Key Highlights
- 0.28‑acre lot with 2,812 SF total property size
- Each unit has a primary suite with private en‑suite plus a separate guest bathroom
- Private fenced backyards for both units
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
$25,670
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
3.80%
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%
$513,400
$513.4K
Cap Rate 7%
$366,714
$366.7K
Cap Rate 9%
$285,222
$285.2K
Market Conditions
NOI Build-Up for 2,812 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
$38.8K $13.80/SF
− Vacancy
−$2.1K −$0.76/SF
EGI
$36.7K $13.04/SF
− OpEx
−$11.0K −$3.91/SF
NOI
$25.7K $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%
$513,400
Cap Rate 7%
$366,714
Cap Rate 9%
$285,222
Alternative Uses
Best Use
Multifamily LT 5
$366.7K
$320.9K – $427.8K
NOI $25,670 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$339.3K
$296.9K – $395.9K
NOI $23,752 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$610.0K
$533.8K – $711.7K
NOI $42,700 @ 7.0% cap · market cap 6.33%
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
497
Businesses Nearby
Explore this area
Business Placement
Demographics for 83814, ID
26,966
Population
14,314
Households
1.9
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
194.1 sq mi
ZIP Area
139
Density / Sq Mi
$69,914
Median Household Income
$41,195
Median Earnings
$1,223
Median Rent
$518,800
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 - Single-level duplex with two attached garages, private fenced backyards, central air, and public water and sewer.
Where is this duplex located?
The property is located at 2429&2431 N 9TH St Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 0.28‑acre lot with 2,812 SF total property size; Each unit has a primary suite with private en‑suite plus a separate guest bathroom; Private fenced backyards for both units
