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    Remodeled Loft-Style Duplex Title is generated by Realmo AI

    109 N Second St, Mullan, ID 83846

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    For Sale
    $499,000

    MULTI_FAMILY - Mullan, ID

    Property size:
    3,370 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $148/SF
    Added:
    Jun 5, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 7 at 5:06 pm

    Property Features for 109 N Second St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    res/commercial
    Bedrooms
    5
    Rooms
    Bedroom 5, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Basement
    Basement
    Unfinished, Walk-Out Access
    Standard status
    Active
    APN
    RPA0100011001CA
    Size
    3,370 SF
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Mullan N 62' Of Lot 1 Block 11 34-48-5
    Tax Annual Amount
    1262

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Electric (Heating), Forced Air
    Water source
    Public

    Building Details

    Year built
    1927
    Number of units
    2
    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Frank Duarte

    Listing agent Frank Duarte License #SP51690

    Listing office Silvercreek Realty Group, LLC 1099 S Wells Street STE 200, Meridian, ID

    Listing date Jun 5, 2026

    MLS# 26-5780 Listing URL

    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.

    HighLights

    • Fully remodeled loft‑style duplex taken down to the studs with exposed brick and wood beams
    • Brick duplex built in 1927 with 2BR/2BA Unit A and 3BR/2BA Unit B
    • New TPU roofing system, plus instant hot water and tankless gas water heaters
    • Updates include LVP flooring and newer appliances (including W/D and refrigerators)
    • Utilities: public water and public sewer; owner pays WSG and the property is served by one meter
    • Basement is not accessed by tenants, providing potential owner storage; located near Route of the Hiawatha Trail

    Overview

    This fully remodeled loft-style duplex was taken down to the studs and rebuilt with new interior finishes and mechanical upgrades. The property includes exposed brick and wood beams, LVP flooring, and an upgraded TPU roofing system. Each unit is equipped with instant hot water and tankless gas water heaters, along with newer appliances including refrigerators and in-unit washer/dryers. The building consists of Unit A (2 bedrooms, 2 bathrooms) and Unit B (3 bedrooms, 2 bathrooms). A basement level exists and is not accessed by tenants, which can provide separate storage for the owner.

    The duplex is located at 109 N Second St in Mullan, ID. The seller notes the property sits near the Route of the Hiawatha Trail and between two ski resorts. It is also described as across the street from Outlaw Bar & Grill and a city park.

    For buyers seeking an income property with current tenant occupancy, this duplex offers a maintenance-focused setup with landlord-paid WSG served by a single meter. With modern kitchen appliances, laundry hookups, and tenant-friendly layouts across two units, the property is designed to function as a self-contained residential asset. Shown as an easier-to-maintain option based on the recent remodel and roof replacement, this offering is presented for sale and should be reviewed through the provided photos.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Mullan
    County
    Shoshone
    State
    Idaho
    Longitude
    -115.761
    Latitude
    47.4702

    FAQs

    What type of property is this?
    Duplex - Loft-style duplex with modern finishes, tankless hot water, and in-unit laundry in both units.
    Where is this duplex located?
    The property is located at 109 N Second St Mullan, ID.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Fully remodeled loft‑style duplex taken down to the studs with exposed brick and wood beams; Brick duplex built in 1927 with 2BR/2BA Unit A and 3BR/2BA Unit B; New TPU roofing system, plus instant hot water and tankless gas water heaters
    (208) 449-8035
    We can help!
    Listing Contact
    Frank Duarte
    Real Estate License ID: SP51690
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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