Quadplex with Mixed Unit
For Sale
$649,000
119 East Borah Avenue, Coeur d Alene, ID 83814
Four apartments offer a blend of one- and two-bedroom layouts with dedicated off-street parking.
Property Size2,400 SF
Price / SF$270.42
Days on Market207
Property Features for 119 East Borah Avenue
General Information
Standard status
Active
Size
2,400 SF
Property subtype
MultiFamily / Multi Family
Units
Unit Mix
2 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,715
Amenities
Baseboard, Electric, Yes
None-Slab on Grade
Concrete
Cable Internet Available
MLS
0.0
Comp Shingle
Partial
Stone, T1-11
Concrete Perimeter
T1-11, Stone, Frame
Building Details
Year Built
1972
Buildings
1
Listing Agency:
Keller Williams Realty Coeur d'Alene
(208) 651-9700
Listed By:
Janna Scharf · License #MA37665
(208) 651-9700
Source:
Compass
Added: Feb 5
Changed: Aug 30
Last Checked: Aug 30 at 2:35AM
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 Keller Williams Realty Coeur d'Alene
Investment Insights
Based on property information with market context.
This four-unit multifamily property at 119 East Borah Avenue in Coeur D'Alene includes two 2-bedroom, 1-bath apartments and two 1-bedroom, 1-bath apartments. The building contains 2,400 square feet and was constructed in 1972, with concrete construction, a concrete perimeter, a slab-on-grade foundation, baseboard electric heat, and a composition shingle roof.
Each apartment is assigned two off-street parking spaces. The adjacent property is also available, providing a documented option to pursue a combined 8-unit acquisition. Exterior materials include stone, T1-11 siding, and frame construction, while cable internet is available.
Each apartment is assigned two off-street parking spaces. The adjacent property is also available, providing a documented option to pursue a combined 8-unit acquisition. Exterior materials include stone, T1-11 siding, and frame construction, while cable internet is available.
Key Highlights
- Four‑unit property with two 2‑bedroom and two 1‑bedroom apartments
- 2,400 square feet built in 1972
- Each unit includes 2 off‑street parking spaces
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
$21,909
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
3.38%
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%
$438,180
$438.2K
Cap Rate 7%
$312,986
$313.0K
Cap Rate 9%
$243,433
$243.4K
Market Conditions
NOI Build-Up for 2,400 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
$33.1K $13.80/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$31.3K $13.04/SF
− OpEx
−$9.4K −$3.91/SF
NOI
$21.9K $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%
$438,180
Cap Rate 7%
$312,986
Cap Rate 9%
$243,433
Alternative Uses
Best Use
Multifamily LT 5
$313.0K
$273.9K – $365.2K
NOI $21,909 @ 7.0% cap · market cap 3.38%
Second Best
Apartment 5plus
$289.6K
$253.4K – $337.9K
NOI $20,272 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$520.6K
$455.6K – $607.4K
NOI $36,444 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,833
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?
Quadplex - Four apartments offer a blend of one- and two-bedroom layouts with dedicated off-street parking.
Where is this quadplex located?
The property is located at 119 East Borah Avenue 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: Four‑unit property with two 2‑bedroom and two 1‑bedroom apartments; 2,400 square feet built in 1972; Each unit includes 2 off‑street parking spaces
