Duplex With Double
For Sale
$649,000
1108-1110 North 16th Street, Coeur d Alene, ID 83814
Two residential units combine flexible occupancy with private outdoor areas, covered patios, and fenced rear yards.
Property Size2,576 SF
Price / SF$251.94
Days on Market231
Property Features for 1108-1110 North 16th Street
General Information
Standard status
Active
Size
2,576 SF
Property subtype
MultiFamily / Multi Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,267
Amenities
fully fenced back yards
covered back yard patios
wood stove
Baseboard, Forced Air, Furnace, Stove - Wood, Natural Gas, Electric, Wood, Yes
None-Slab on Grade
Concrete, Slab
Cable Internet Available, High Speed Internet, Main Floor Utilities, Cable TV
MLS
0.0
Comp Shingle
Back Yard
Vinyl Siding
Rain Gutters, Covered Patio, Covered Porch, Curbs, RV Parking - Open
Paved
Curbs
Concrete Perimeter, Slab
Vinyl Siding, Frame
Covered Porch, Covered Patio
Building Details
Year Built
1974
Buildings
1
Stories
2
Listing Agency:
Century 21 Beutler, Liberty Lk
(208) 660-0403
Listed By:
Darlene Berry · License #13057
(208) 660-0403
Source:
Compass
Added: Jan 12
Changed: Aug 30
Last Checked: Aug 30 at 8:35PM
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 Century 21 Beutler, Liberty Lk
Investment Insights
Based on property information with market context.
This two-unit residential property contains 2,576 square feet, with each side offering three bedrooms and two bathrooms. Both units feature LVP flooring, wood stoves, baseboard and forced-air heating, and slab-on-grade construction. The building has vinyl siding and a composition shingle roof.
Each residence includes an oversized double-car garage, a fenced backyard, and a covered patio. Additional exterior features include covered porches, rain gutters, paved surfaces, and open RV parking. Natural gas and electric service are identified among the property’s utilities and systems.
Built in 1974, the duplex is located at 1108-1110 North 16th Street in Coeur d'Alene, Idaho, minutes from downtown.
Each residence includes an oversized double-car garage, a fenced backyard, and a covered patio. Additional exterior features include covered porches, rain gutters, paved surfaces, and open RV parking. Natural gas and electric service are identified among the property’s utilities and systems.
Built in 1974, the duplex is located at 1108-1110 North 16th Street in Coeur d'Alene, Idaho, minutes from downtown.
Key Highlights
- 2,576 SF duplex with 3 bedrooms and 2 bathrooms in each unit
- Oversized double‑car garages serving both units
- Fenced back yards with a covered patio for each residence
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
$23,516
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
3.62%
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%
$470,320
$470.3K
Cap Rate 7%
$335,943
$335.9K
Cap Rate 9%
$261,289
$261.3K
Market Conditions
NOI Build-Up for 2,576 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
$35.5K $13.80/SF
− Vacancy
−$2.0K −$0.76/SF
EGI
$33.6K $13.04/SF
− OpEx
−$10.1K −$3.91/SF
NOI
$23.5K $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%
$470,320
Cap Rate 7%
$335,943
Cap Rate 9%
$261,289
Alternative Uses
Best Use
Multifamily LT 5
$335.9K
$294.0K – $391.9K
NOI $23,516 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$310.8K
$272.0K – $362.7K
NOI $21,759 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$558.8K
$489.0K – $651.9K
NOI $39,116 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
136
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 - Two residential units combine flexible occupancy with private outdoor areas, covered patios, and fenced rear yards.
Where is this duplex located?
The property is located at 1108-1110 North 16th Street Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 2,576 SF duplex with 3 bedrooms and 2 bathrooms in each unit; Oversized double‑car garages serving both units; Fenced back yards with a covered patio for each residence
