Remodeled
For Sale
$699,000
Pending
1221 11th, Coeur d Alene, ID 83814
Two-unit property with one residence leased and the other available for occupancy.
Property Size3,456 SF
Days on Market47
Property Features for 1221 11th
General Information
Standard status
Pending
Size
3,456 SF
Property subtype
Multi Family Home
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,137
Amenities
Garage: RV Access/Parking
0.00
RV Access/Parking
Building Details
Year Built
1981
Tenancy
Single
Listing Agency:
eXp Realty
Listed By:
Keith Tomblin · License #SP34141
(208) 640-0155
Source:
Clearwaterproperties
Added: Jul 20
Changed: Sep 3
Last Checked: Sep 4 at 11:45AM
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 3,456-square-foot duplex underwent a full interior renovation, with the work extending to the underlying structure. The property contains four bedrooms, two bathrooms, and two living areas. A roof replacement completed in 2022 adds a recent major improvement to the building.
One unit is occupied by a tenant, while the second unit is vacant. The property is located at 1221 N 11th ST in Coeur D'Alene, Idaho.
One unit is occupied by a tenant, while the second unit is vacant. The property is located at 1221 N 11th ST in Coeur D'Alene, Idaho.
Key Highlights
- 3,456‑square‑foot duplex at 1221 N 11th ST
- Full renovation extending to the underlying structure
- One unit currently leased; second unit is vacant
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
$31,549
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
4.51%
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%
$630,980
$631.0K
Cap Rate 7%
$450,700
$450.7K
Cap Rate 9%
$350,544
$350.5K
Market Conditions
NOI Build-Up for 3,456 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
$47.7K $13.80/SF
− Vacancy
−$2.6K −$0.76/SF
EGI
$45.1K $13.04/SF
− OpEx
−$13.5K −$3.91/SF
NOI
$31.5K $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%
$630,980
Cap Rate 7%
$450,700
Cap Rate 9%
$350,544
Alternative Uses
Best Use
Multifamily LT 5
$450.7K
$394.4K – $525.8K
NOI $31,549 @ 7.0% cap · market cap 4.51%
Second Best
Apartment 5plus
$417.0K
$364.9K – $486.5K
NOI $29,192 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$749.7K
$656.0K – $874.7K
NOI $52,479 @ 7.0% cap · market cap 7.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
285
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-unit property with one residence leased and the other available for occupancy.
Where is this duplex located?
The property is located at 1221 11th Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 3,456‑square‑foot duplex at 1221 N 11th ST; Full renovation extending to the underlying structure; One unit currently leased; second unit is vacant
