Updated Duplex with Cedar-Fenced
New
For Sale
$798,000
1717 E Davis Avenue, Coeur d Alene, ID 83815
Two-unit property with upgraded systems, separate outdoor areas, and additional shop space.
Property Size3,780 SF
Lot Size0.30 Acres
Price / SF$211.11
Days on Market2
Property Features for 1717 E Davis Avenue
General Information
Standard status
Active
Size
3,780 SF
Lot size
0.30 Acres
Property subtype
MultiFamily
Zoning
R-12
Occupancy
100%
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Amenities
deck
Building Details
Building Size
3,780 SF
Year Built
1977
Buildings
1
Units
2
Listing Agency:
Lowes Flat Fee Realty
Listed By:
Roger Lowe · License #DB20447
(208) 602-0055
Source:
Purewestrealestate
Added: Sep 15
Last Checked: Sep 15 at 3:55AM
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 Lowes Flat Fee Realty
Investment Insights
Based on property information with market context.
This 3,780-square-foot duplex at 1717 Davis in Coeur d'Alene includes two residential units, each with one full bathroom upstairs and a half bath on the main level. Recent improvements include a new roof, windows, gutters, and an upgraded sewer connection. Unit 1719 features a renovated kitchen, LVP flooring on the main level, and basement plumbing rough-ins for a future bathroom, subject to buyer verification.
Unit 1717 has a side driveway extending to a large backyard and shop. The property occupies 0.30 acres with a cedar privacy fence dividing the two sides, a timed sprinkler system, and a large deck. Established trees, wisteria, honeysuckle, mountain views, and local wildlife contribute to the outdoor setting. Both units are currently owner occupied by family members rather than operated as rentals.
Unit 1717 has a side driveway extending to a large backyard and shop. The property occupies 0.30 acres with a cedar privacy fence dividing the two sides, a timed sprinkler system, and a large deck. Established trees, wisteria, honeysuckle, mountain views, and local wildlife contribute to the outdoor setting. Both units are currently owner occupied by family members rather than operated as rentals.
Key Highlights
- 3,780‑square‑foot duplex on 0.30 acres
- New roof, windows, gutters, and upgraded sewer connection
- Each unit includes one full bath upstairs and a half bath on the main level
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
$34,506
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
4.32%
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%
$690,120
$690.1K
Cap Rate 7%
$492,943
$492.9K
Cap Rate 9%
$383,400
$383.4K
Market Conditions
NOI Build-Up for 3,780 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
$52.2K $13.80/SF
− Vacancy
−$2.9K −$0.76/SF
EGI
$49.3K $13.04/SF
− OpEx
−$14.8K −$3.91/SF
NOI
$34.5K $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%
$690,120
Cap Rate 7%
$492,943
Cap Rate 9%
$383,400
Alternative Uses
Best Use
Multifamily LT 5
$492.9K
$431.3K – $575.1K
NOI $34,506 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$456.1K
$399.1K – $532.1K
NOI $31,928 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$820.0K
$717.5K – $956.7K
NOI $57,399 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Explore this area
Business Placement
Demographics for 83815, ID
39,412
Population
17,031
Households
2.3
Avg Household Size
39
Median Age
33%
College-Educated
96%
High-School Grad
15.6 sq mi
ZIP Area
2,526
Density / Sq Mi
$77,139
Median Household Income
$39,257
Median Earnings
$1,445
Median Rent
$472,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with upgraded systems, separate outdoor areas, and additional shop space.
Where is this duplex located?
The property is located at 1717 E Davis Avenue Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $798,000.
What are key features of this property?
This property features: 3,780‑square‑foot duplex on 0.30 acres; New roof, windows, gutters, and upgraded sewer connection; Each unit includes one full bath upstairs and a half bath on the main level
