Historic Coeur d'Alene
205 E Indiana AVE Coeur d Alene, ID 83814
205 E Indiana AVE, Coeur d Alene, ID, 83814
$1,250,000
Pending
For Sale
$1,250,000
Pending
Historic 16-plex near Lake Coeur d'Alene with redevelopment potential.
Property Size4,930 SF
Days on Market55
Property Features for 205 E Indiana AVE
General Information
- Standard status
- Pending
- Size
- 4,930 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1910
Listing Agency
Windermere/Coeur d'Alene Realty Inc
Listed by
Anthony Norris
Source
Clearwaterproperties
Added: May 25 Checked: Jul 10 at 1:37 pm
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 Windermere/Coeur d'Alene Realty Inc
Investment Insights
Based on property information with market context.
The Harmony House Hotel & Suites presents an investment opportunity in downtown Coeur d'Alene. This historic 16-plex, built 115 years ago, is located blocks from Lake Coeur d'Alene. The 4,930 square foot property offers possibilities to maintain its current income-producing setup, reposition it as boutique accommodations, or unlock its full potential through redevelopment.
Key Highlights
- Seller financing available.
- Prime downtown Coeur d'Alene location, blocks from Lake Coeur d'Alene.
- Rare 16‑unit historic property.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.9k | $16.20 |
| − Vacancy | −$4.2k | −$0.84 |
| EGI | $75.7k | $15.36 |
| − OpEx | −$34.1k | −$6.91 |
| NOI | $41.6k | $8.45 |
4,930 SF · lease $16.20/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$594.9K
$520.5K – $694.0K
NOI $41,642 @ 7.0% cap · market cap 3.33%
Second Best
Hotel Hospitality
$210.8K
$184.4K – $245.9K
NOI $14,753 @ 7.0% cap · market cap 1.18%
Theoretical Best
Office A
$1.07M
$935.8K – $1.25M
NOI $74,861 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hotels
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Historic 16-plex near Lake Coeur d'Alene with redevelopment potential.
Where is this apartment building located?
The property is located at 205 E Indiana AVE Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Seller financing available.; **Prime downtown Coeur d'Alene location**, blocks from Lake Coeur d'Alene.; **Rare 16‑unit historic property**.
