Duplex with Distinct Unit
For Sale
$449,000
1031 North 3rd Street, Coeur d Alene, ID 83814
Includes a two-bedroom lower residence and an upper studio, with alley access and open RV parking.
Property Size1,575 SF
Price / SF$285.08
Days on Market167
Property Features for 1031 North 3rd Street
General Information
Standard status
Active
Size
1,575 SF
Property subtype
MultiFamily / Multi Family
Units
Unit Mix
1 x 2BR/1BA, 1 x studio
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,432
Amenities
Baseboard, Forced Air, Furnace, Stove - Wood, Natural Gas, Electric, Wood, Yes
Part Size, None
Block, Concrete, Wood
High Speed Internet, Cable TV
MLS
0.0
Comp Shingle
Partial
Wood Siding
Covered Porch, Curbs, RV Parking - Open, Sidewalks
Sidewalks, Curbs
Concrete Perimeter, Wood, Block
Wood Siding, Frame
Covered Porch
Building Details
Year Built
1915
Buildings
1
Listing Agency:
EXP Realty
Listed By:
Leah Cafferty · License #SP43373
(208) 818-8126
Source:
Compass
Added: Mar 20
Changed: Aug 31
Last Checked: Aug 29 at 1:58PM
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 EXP Realty
Investment Insights
Based on property information with market context.
This 1,575-square-foot duplex, built in 1915, contains a two-bedroom, one-bath lower residence and a studio upper unit. The property includes a covered porch, wood siding, a mix of block, concrete, and wood construction elements, and heating features including baseboard, forced air, and a furnace. Utilities and services include natural gas, electric power, high-speed internet, and cable TV.
Located at 1031 North 3rd Street in Coeur d'Alene's Midtown district, the property has alley access, sidewalks, curbs, and open RV parking. Downtown, shopping, dining, and the lake are described as minutes away. The duplex format supports either separate residential occupancy or an owner-occupant arrangement, as stated in the property information.
Located at 1031 North 3rd Street in Coeur d'Alene's Midtown district, the property has alley access, sidewalks, curbs, and open RV parking. Downtown, shopping, dining, and the lake are described as minutes away. The duplex format supports either separate residential occupancy or an owner-occupant arrangement, as stated in the property information.
Key Highlights
- 1,575 SF duplex built in 1915
- Two‑bedroom, one‑bath lower unit plus upper studio
- Alley access with open RV parking
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
$14,378
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
3.20%
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%
$287,560
$287.6K
Cap Rate 7%
$205,400
$205.4K
Cap Rate 9%
$159,756
$159.8K
Market Conditions
NOI Build-Up for 1,575 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
$21.7K $13.80/SF
− Vacancy
−$1.2K −$0.76/SF
EGI
$20.5K $13.04/SF
− OpEx
−$6.2K −$3.91/SF
NOI
$14.4K $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%
$287,560
Cap Rate 7%
$205,400
Cap Rate 9%
$159,756
Alternative Uses
Best Use
Multifamily LT 5
$205.4K
$179.7K – $239.6K
NOI $14,378 @ 7.0% cap · market cap 3.20%
Second Best
Apartment 5plus
$190.1K
$166.3K – $221.7K
NOI $13,304 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$341.7K
$299.0K – $398.6K
NOI $23,916 @ 7.0% cap · market cap 5.33%
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
1,218
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
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Frequently Asked Questions
What type of property is this?
Duplex - Includes a two-bedroom lower residence and an upper studio, with alley access and open RV parking.
Where is this duplex located?
The property is located at 1031 North 3rd Street Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1,575 SF duplex built in 1915; Two‑bedroom, one‑bath lower unit plus upper studio; Alley access with open RV parking
