Turnkey Rented
523 & 525 N 21st Street Coeur d Alene, ID 83814
New
523 & 525 N 21st Street, Coeur d Alene, ID, 83814
$475,000
For Sale
$475,000
Two leased units each offer 2 bedrooms, 1 bath, and a private backyard, with tenant-paid utilities.
Property Size1,792 SF
Price / SF$265.07
Days on Market3
Property Features for 523 & 525 N 21st Street
General Information
- Standard status
- Active
- Size
- 1,792 SF
- Property subtype
- MultiFamily
Building Details
- Year Built
- 1972
Listing agency
Northwest Realty Group
(208) 640-0269
Listed by
Marcello Conigliaro · License #DB20412
Source
Purewestrealestate
Added: Jul 20 Updated: Jul 21 at 12:38PM Checked: Jul 21 at 12:38PM
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 Northwest Realty Group
Investment Insights
Based on property information with market context.
This turnkey duplex offers two rented units with a documented rental history. Each unit features two bedrooms and one bathroom, along with a one-car garage and a private backyard. Tenants are currently in place, and both units are leased at $1,500 per month each, with tenants paying all utilities.
The property is located in Coeur d’Alene, positioned across from Fernan Elementary. This setting provides a straightforward, residential income configuration for buyers seeking an already-occupied duplex.
The asset is a duplex structure built to support two separate households, each with its own garage and outdoor private backyard space.
The property is located in Coeur d’Alene, positioned across from Fernan Elementary. This setting provides a straightforward, residential income configuration for buyers seeking an already-occupied duplex.
The asset is a duplex structure built to support two separate households, each with its own garage and outdoor private backyard space.
Key Highlights
- Turnkey rented duplex with rental history
- Two leased units, each has 2 bedrooms and 1 bath
- Each unit includes a 1‑car garage
Local Financial Insights For Multifamily LT 5
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 | $24.7k | $13.80 |
| − Vacancy | −$1.4k | −$0.76 |
| EGI | $23.4k | $13.04 |
| − OpEx | −$7.0k | −$3.91 |
| NOI | $16.4k | $9.13 |
1,792 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$233.7K
$204.5K – $272.7K
NOI $16,359 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$216.2K
$189.2K – $252.3K
NOI $15,136 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$388.7K
$340.1K – $453.5K
NOI $27,211 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two leased units each offer 2 bedrooms, 1 bath, and a private backyard, with tenant-paid utilities.
Where is this duplex located?
The property is located at 523 & 525 N 21st Street Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Turnkey rented duplex with rental history; Two leased units, each has 2 bedrooms and 1 bath; Each unit includes a 1‑car garage
