Duplex with Attached
For Sale
$785,000
1610 North Catherine Street, Post Falls, ID 83854
Two residential units offer generous layouts, private fenced yards, complete appliances, and central air conditioning.
Property Size2,921 SF
Price / SF$268.74
Days on Market230
Property Features for 1610 North Catherine Street
General Information
Standard status
Active
Size
2,921 SF
Property subtype
MultiFamily / Multi Family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,159
Amenities
appliances
attached garages
central A/C
fully fenced backyards
irrigated grounds
Central Air, Yes
Forced Air, Natural Gas, Yes
Crawl Space, None
Concrete
Cable Internet Available, High Speed Internet, Main Floor Utilities, Cable TV, Central Air
MLS
0.0
Comp Shingle
Back Yard
Lap Siding, T1-11
Covered Porch, Patio
Paved
Concrete Perimeter
T1-11, Lap Siding, Frame
Building Details
Year Built
2015
Stories
2
Listing Agency:
Legacy Land Group NW, LLC
(208) 818-2643
Listed By:
Kim Boland · License #DB26506
(208) 818-2643
Source:
Compass
Added: Jan 13
Changed: Aug 30
Last Checked: Aug 30 at 8:45AM
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 Legacy Land Group NW, LLC
Investment Insights
Based on property information with market context.
This 2015-built duplex contains 2,921 square feet across two residential units. Each side provides nearly 1,500 square feet with three bedrooms, 2.5 baths, spacious bedrooms, and an oversized primary suite. Both units include appliances, attached garages, central A/C, forced-air natural gas heating, covered porch and patio areas, and fenced backyards with irrigation. Frame construction features lap siding and T1-11 accents, with concrete driveways and concrete perimeter construction.
The property is located on North Catherine Street in Post Falls, near schools and within a residential neighborhood. Its unit configuration, separate outdoor areas, and individual garage accommodations support conventional duplex occupancy while offering practical space for residents.
The property is located on North Catherine Street in Post Falls, near schools and within a residential neighborhood. Its unit configuration, separate outdoor areas, and individual garage accommodations support conventional duplex occupancy while offering practical space for residents.
Key Highlights
- Two‑unit duplex totaling 2,921 square feet, built in 2015
- Each unit offers nearly 1,500 square feet with 3 bedrooms and 2.5 baths
- Attached garages, central A/C, and forced‑air natural gas heating for both units
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
$26,665
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
3.40%
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%
$533,300
$533.3K
Cap Rate 7%
$380,929
$380.9K
Cap Rate 9%
$296,278
$296.3K
Market Conditions
NOI Build-Up for 2,921 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
$40.3K $13.80/SF
− Vacancy
−$2.2K −$0.76/SF
EGI
$38.1K $13.04/SF
− OpEx
−$11.4K −$3.91/SF
NOI
$26.7K $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%
$533,300
Cap Rate 7%
$380,929
Cap Rate 9%
$296,278
Alternative Uses
Best Use
Multifamily LT 5
$380.9K
$333.3K – $444.4K
NOI $26,665 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$352.5K
$308.4K – $411.2K
NOI $24,673 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$633.6K
$554.4K – $739.3K
NOI $44,355 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Explore this area
Business Placement
Demographics for 83854, ID
49,040
Population
20,440
Households
2.4
Avg Household Size
37
Median Age
23%
College-Educated
92%
High-School Grad
77.6 sq mi
ZIP Area
632
Density / Sq Mi
$72,820
Median Household Income
$41,223
Median Earnings
$1,311
Median Rent
$433,700
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 residential units offer generous layouts, private fenced yards, complete appliances, and central air conditioning.
Where is this duplex located?
The property is located at 1610 North Catherine Street Post Falls, ID.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,921 square feet, built in 2015; Each unit offers nearly 1,500 square feet with 3 bedrooms and 2.5 baths; Attached garages, central A/C, and forced‑air natural gas heating for both units
