Downtown Duplex with Private
For Sale
$680,000
1407/1409 N 14th Street, Coeur d Alene, ID 83814
Two single-level 2-bedroom, 2-bath units include laundry areas, alley access, private one-car garages, and fenced yards.
Property Size2,416 SF
Price / SF$281.46
Days on Market50
Property Features for 1407/1409 N 14th Street
General Information
Standard status
Active
Size
2,416 SF
Property subtype
MultiFamily
Zoning
R - 12
Building Details
Building Size
2,416 SF
Year Built
1992
Units
2
Listing Agency:
REAL BROKER LLC
Listed By:
Henry Fusaro · License #SP57168
(480) 512-2135
Source:
Purewestrealestate
Added: Jul 20
Changed: Sep 2
Last Checked: Sep 6 at 3:47AM
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 REAL BROKER LLC
Investment Insights
Based on property information with market context.
This downtown duplex features two single-level units, each offering 2 bedrooms and 2 bathrooms with spacious living, dining, kitchen, and laundry areas. The property includes alley access to private one-car garages and fully fenced yards for added privacy and functionality.
One unit has been fully updated and has been successfully operated as a short-term rental, providing an opportunity for immediate income with this well-maintained duplex.
The layout supports independent use of both units while maintaining shared ownership of the overall property, with outdoor space and garage access designed for day-to-day convenience.
One unit has been fully updated and has been successfully operated as a short-term rental, providing an opportunity for immediate income with this well-maintained duplex.
The layout supports independent use of both units while maintaining shared ownership of the overall property, with outdoor space and garage access designed for day-to-day convenience.
Key Highlights
- Downtown Coeur d’Alene duplex built in 1992 with two single‑level 2BD/2BA units
- Each unit offers 1,208 SF with spacious living, dining, kitchen, and laundry areas
- Both units have alley access to private one‑car garages
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
$22,055
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
3.24%
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%
$441,100
$441.1K
Cap Rate 7%
$315,071
$315.1K
Cap Rate 9%
$245,056
$245.1K
Market Conditions
NOI Build-Up for 2,416 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
$33.3K $13.80/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$31.5K $13.04/SF
− OpEx
−$9.5K −$3.91/SF
NOI
$22.1K $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%
$441,100
Cap Rate 7%
$315,071
Cap Rate 9%
$245,056
Alternative Uses
Best Use
Multifamily LT 5
$315.1K
$275.7K – $367.6K
NOI $22,055 @ 7.0% cap · market cap 3.24%
Second Best
Apartment 5plus
$291.5K
$255.1K – $340.1K
NOI $20,407 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$524.1K
$458.6K – $611.4K
NOI $36,686 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
118
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 single-level 2-bedroom, 2-bath units include laundry areas, alley access, private one-car garages, and fenced yards.
Where is this duplex located?
The property is located at 1407/1409 N 14th Street Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Downtown Coeur d’Alene duplex built in 1992 with two single‑level 2BD/2BA units; Each unit offers 1,208 SF with spacious living, dining, kitchen, and laundry areas; Both units have alley access to private one‑car garages
