Remodeled Duplex With Attached
For Sale
$849,000
1420-1422 E Homestead AVE, Coeur d Alene, ID 83814
Updated residences feature private bedroom bathrooms, complete appliance packages, and proximity to downtown Coeur d'Alene.
Property Size3,408 SF
Price / SF$249.12
Days on Market13
Property Features for 1420-1422 E Homestead AVE
General Information
Standard status
Active
Size
3,408 SF
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR/3.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Renovated
2021
Listing Agency:
Windermere/Hayden, LLC
(208) 771-3940
Listed By:
Zachary Davis · License #SP43915
(208) 771-3940
Source:
Brokersinclair
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 31 at 5:01PM
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/Hayden, LLC
Investment Insights
Based on property information with market context.
This duplex contains two 1,704-square-foot residences, for a combined 3,408 square feet. Each unit offers three bedrooms, 3.5 bathrooms, and an attached 2-car garage. Every bedroom includes a private full bathroom, while in-unit features include a range/oven, refrigerator, dishwasher, disposal, washer, and electric water heater. The property was remodeled in 2021.
One residence is furnished and leased month-to-month. The duplex is located near downtown Coeur d'Alene, with shopping, dining, parks, and freeway access nearby. Its address is 1420-1422 E Homestead AVE in Coeur d'Alene, Idaho.
One residence is furnished and leased month-to-month. The duplex is located near downtown Coeur d'Alene, with shopping, dining, parks, and freeway access nearby. Its address is 1420-1422 E Homestead AVE in Coeur d'Alene, Idaho.
Key Highlights
- Two 1,704‑square‑foot units totaling 3,408 square feet
- Each unit includes 3 bedrooms, 3.5 bathrooms, and an attached 2‑car garage
- Every bedroom has its own private full bathroom
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
$31,111
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
3.66%
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%
$622,220
$622.2K
Cap Rate 7%
$444,443
$444.4K
Cap Rate 9%
$345,678
$345.7K
Market Conditions
NOI Build-Up for 3,408 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
$47.0K $13.80/SF
− Vacancy
−$2.6K −$0.76/SF
EGI
$44.4K $13.04/SF
− OpEx
−$13.3K −$3.91/SF
NOI
$31.1K $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%
$622,220
Cap Rate 7%
$444,443
Cap Rate 9%
$345,678
Alternative Uses
Best Use
Multifamily LT 5
$444.4K
$388.9K – $518.5K
NOI $31,111 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$411.2K
$359.8K – $479.8K
NOI $28,786 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$739.3K
$646.9K – $862.5K
NOI $51,750 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
169
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 - Updated residences feature private bedroom bathrooms, complete appliance packages, and proximity to downtown Coeur d'Alene.
Where is this duplex located?
The property is located at 1420-1422 E Homestead AVE Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two 1,704‑square‑foot units totaling 3,408 square feet; Each unit includes 3 bedrooms, 3.5 bathrooms, and an attached 2‑car garage; Every bedroom has its own private full bathroom
