Leased Duplex on Corner
For Sale
$614,083
10024 N Hillview Drive, Hayden, ID 83835
Well-maintained duplex with two mirror-image units, each leased, featuring large fenced backyards.
Property Size2,280 SF
Price / SF$269.33
Days on Market199
Property Features for 10024 N Hillview Drive
General Information
Standard status
Active
Size
2,280 SF
Property subtype
MultiFamily
Zoning
R-1
Occupancy
100%
Additional Details
Business Included
Yes
Fenced Yard
Yes
Multifamily Units
2
Building Details
Building Size
2,280 SF
Year Built
1985
Units
2
Tenancy
Multi
Listing Agency:
Pearl Realty,LLC
Listed By:
Joel Pearl · License #DB29302
(208) 762-5500
Source:
Purewestrealestate
Added: Apr 8
Changed: Oct 19
Last Checked: Oct 23 at 3:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pearl Realty,LLC
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Investment Insights
Based on property information with market context.
This well-maintained duplex includes two mirror-image units. Each unit is configured with 3 bedrooms and 2 bathrooms and offers a fenced backyard. Both units are currently leased.
The property sits on a corner lot at 10024 N Hillview Drive in Hayden, Idaho.
With a total building size of 2,280 square feet, the duplex presents a straightforward residential income layout with existing tenants in place.
The property sits on a corner lot at 10024 N Hillview Drive in Hayden, Idaho.
With a total building size of 2,280 square feet, the duplex presents a straightforward residential income layout with existing tenants in place.
Key Highlights
- 1985‑built duplex on a corner lot with two mirror‑image units (2,280 sq ft total building size)
- Each unit offers 3 beds and 2 baths with 1,140 sq ft per unit
- Both units are currently leased, providing an immediate income stream
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,813
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,260
$416.3K
Cap Rate 7%
$297,329
$297.3K
Cap Rate 9%
$231,256
$231.3K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$31.5K $13.80/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$29.7K $13.04/SF
− OpEx
−$8.9K −$3.91/SF
NOI
$20.8K $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 Rate 5%
$416,260
Cap Rate 7%
$297,329
Cap Rate 9%
$231,256
Alternative Uses
Best Use
Multifamily LT 5
$297.3K
$260.2K – $346.9K
NOI $20,813 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$275.1K
$240.7K – $321.0K
NOI $19,258 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$494.6K
$432.8K – $577.0K
NOI $34,621 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
86
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with two mirror-image units, each leased, featuring large fenced backyards.
Where is this duplex located?
The property is located at 10024 N Hillview Drive Hayden, ID.
What is the asking price?
The asking price for this property is $614,083.
What are key features of this property?
This property features: 1985‑built duplex on a corner lot with two mirror‑image units (2,280 sq ft total building size); Each unit offers 3 beds and 2 baths with 1,140 sq ft per unit; Both units are currently leased, providing an immediate income stream
