Downtown Duplex with
For Sale
$680,000
Pending
1407-1409 North 14th Street, Coeur d Alene, ID 83814
Two single-level 2-bedroom, 2-bath units each feature alley access to a private one-car garage and fenced yard.
Property Size2,416 SF
Days on Market77
Property Features for 1407-1409 North 14th Street
General Information
Standard status
Pending
Size
2,416 SF
Total Parking Spaces
2
Property subtype
MultiFamily / Multi Family
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,314
Amenities
Forced Air, Furnace, Natural Gas, Yes
Crawl Space
Concrete
Cable Internet Available, High Speed Internet, Cable TV
MLS
0.0
Comp Shingle
Full
Wood Siding
Covered Porch, RV Parking - Open, Sidewalks
Paved
Sidewalks
Concrete Perimeter
Wood Siding, Frame
Covered Porch
Building Details
Year Built
1992
Tenancy
Multi
Listing Agency:
REAL BROKER LLC
Listed By:
Henry Fusaro · License #SP57168
(208) 818-1998
Source:
Compass
Added: Jun 23
Changed: Aug 8
Last Checked: Jul 21 at 10:31PM
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 offers two single-level residences, each with 2 bedrooms and 2 bathrooms. Each unit includes spacious living, dining, kitchen, and laundry areas, totaling 1,208 square feet per unit. Both units are served by alley access to private one-car garages and include fully fenced yards.
One of the units has been fully updated and has been successfully operated as a short-term rental. The property is described as meticulously maintained, with ongoing suitability for income-producing occupancy.
The configuration supports separate, privacy-oriented outdoor space and convenient garage access for each unit, making the layout well-suited to residential income use.
One of the units has been fully updated and has been successfully operated as a short-term rental. The property is described as meticulously maintained, with ongoing suitability for income-producing occupancy.
The configuration supports separate, privacy-oriented outdoor space and convenient garage access for each unit, making the layout well-suited to residential income use.
Key Highlights
- Downtown Coeur d’Alene duplex with two single‑level 2‑bedroom, 2‑bath units
- Each unit offers 1,208 SF with living, dining, kitchen, and laundry areas
- Alley access to private one‑car garages for both units plus fully fenced yards
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
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
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 each feature alley access to a private one-car garage and fenced yard.
Where is this duplex located?
The property is located at 1407-1409 North 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 with two single‑level 2‑bedroom, 2‑bath units; Each unit offers 1,208 SF with living, dining, kitchen, and laundry areas; Alley access to private one‑car garages for both units plus fully fenced yards
