Remodeled
For Sale
$699,000
Pending
1221 N 11th St, Coeur d Alene, ID 83814
MultiFamily, Multi Level, Coeur d'Alene, ID
Property Size3,456 SF
Lot Size0.22 Acres
Days on Market97
Property Features for 1221 N 11th St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R12
Bedrooms
8
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 7, Bedroom 8, Bedroom 4, Bedroom 5, Bedroom 2, Bathroom 2, Basement, Bedroom 1, Bedroom 6
Parking features
Open
Patio and Porch features
Porch
Interior features
High Speed Internet
Exterior features
Rain Gutters
Fencing
Cross Fenced
Basement
Walk-Out Access
Subdivision
Nevin's
Lot features
Landscaped, Level, Alley Access
View
Territorial
Elementary school district
CDA - 271
Middle school district
CDA - 271
High school district
CDA - 271
Directions
Harison to 11th. North on 11th to property.
Standard status
Pending
APN
C639000B019A
Size
3,456 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Nevins Add To Cda, S2 Of Lt 18, Lt 19Block B 1250N04w
Tax Annual Amount
4138
Legal Description
Nevins Add To Cda, S2 Of Lt 18, Lt 19Block B 1250N04w
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Other (Heating), Electric (Heating)
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1981
Number of units
2
Building materials
Vinyl Siding, Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
eXp Realty
(888) 452-7689
Listed By:
Keith Tomblin · License #SP34141
(208) 640-0155
Added: May 29
Changed: Aug 27
Last Checked: Sep 2 at 1:06AM
MLS# 26-5481
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.
Investment Insights
Based on property information with market context.
This two-unit duplex contains 3,456 square feet on a 0.22-acre lot and was built in 1981. The property has been fully remodeled, with the renovation extending to the underlying structure. Both units are vacant, allowing immediate access for showings and future occupancy planning. Interior features include high-speed internet, while exterior improvements include vinyl siding, rain gutters, a porch, and open parking. Electric heating and wall-unit cooling serve the building.
The property is located at 1221 N 11th St in Coeur d'Alene, Idaho. Public water and public sewer are in place, with cable available. A composition roof was installed in 2022, and the site includes cross fencing. R12 zoning supports the property's duplex configuration.
The property is located at 1221 N 11th St in Coeur d'Alene, Idaho. Public water and public sewer are in place, with cable available. A composition roof was installed in 2022, and the site includes cross fencing. R12 zoning supports the property's duplex configuration.
Key Highlights
- Two‑unit duplex with 3,456 square feet of building area
- Fully remodeled, including renovation to the underlying structure
- Both units are 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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Remodeled duplex with two vacant units, public utilities, open parking, and residential R12 zoning.
Where is this duplex located?
The property is located at 1221 N 11th St 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: Two‑unit duplex with 3,456 square feet of building area; Fully remodeled, including renovation to the underlying structure; Both units are vacant
