Duplex with New
For Sale
$795,000
Pending
1637/1639 E STINER Ave, Coeur d Alene, ID 83815
MULTI_FAMILY - Coeur d'Alene, ID
Property Size3,840 SF
Lot Size0.23 Acres
Days on Market48
Property Features for 1637/1639 E STINER Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CDA-R-12
Bedrooms
7
Full bathrooms
4
Rooms
Bedroom 5, Bathroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 6, Bedroom 7, Basement
Interior features
Cable Internet Available
Basement
Finished
Subdivision
Thomas Park
Lot features
Landscaped, Corner Lot, Level, Southern Exposure
View
Territorial
Elementary school district
CDA - 271
Middle school district
CDA - 271
High school district
CDA - 271
Directions
N on 15th st, E on Stiner Ave, property is on the left
Standard status
Pending
APN
C9045000019A
Size
3,840 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Thomas Park Add, N 100 Ft Of E 100 Ft-Lt 19 0650N03w
Tax Annual Amount
3246
Legal Description
Thomas Park Add, N 100 Ft Of E 100 Ft-Lt 19 0650N03w
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1979
Number of units
2
Building materials
T1-11, Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
Coldwell Banker Schneidmiller Realty · Coldwell Banker Real Estate
(800) 829-2555
Listed By:
Julie Gordon · License #SP45258
(208) 641-1822
Added: Jun 26
Changed: Aug 7
Last Checked: Aug 12 at 12:06PM
MLS# 26-6661
Copyright © 2026 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Duplex property built in 1979 offering approximately 1,920 SF per unit and a total of 3,840 SF. Each unit is described as having 3 (4) bedrooms and 2 bathrooms, along with a basement. Heating is forced air with natural gas. The exterior materials are listed as T1-11 and frame, and the roof is composition.
Updates include a remodel of unit 1639 in the fall of 2022, new exterior paint in 2021, and a brand-new roof installed in 2026. A new water heater is also listed for unit 1639 in 2026. The home is served by public water and public sewer, with cable internet available.
Zoned CDA-R-12, the duplex is located on a quiet street with easy access to I-90 and shopping and local amenities.
Updates include a remodel of unit 1639 in the fall of 2022, new exterior paint in 2021, and a brand-new roof installed in 2026. A new water heater is also listed for unit 1639 in 2026. The home is served by public water and public sewer, with cable internet available.
Zoned CDA-R-12, the duplex is located on a quiet street with easy access to I-90 and shopping and local amenities.
Key Highlights
- Approximately 1,920 SF per unit; total 3,840 SF duplex
- Zoned CDA‑R‑12
- Unit 1639 remodeled in fall 2022
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
$35,054
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
4.41%
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%
$701,080
$701.1K
Cap Rate 7%
$500,771
$500.8K
Cap Rate 9%
$389,489
$389.5K
Market Conditions
NOI Build-Up for 3,840 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
$53.0K $13.80/SF
− Vacancy
−$2.9K −$0.76/SF
EGI
$50.1K $13.04/SF
− OpEx
−$15.0K −$3.91/SF
NOI
$35.1K $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%
$701,080
Cap Rate 7%
$500,771
Cap Rate 9%
$389,489
Alternative Uses
Best Use
Multifamily LT 5
$500.8K
$438.2K – $584.2K
NOI $35,054 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$463.4K
$405.4K – $540.6K
NOI $32,435 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$833.0K
$728.9K – $971.8K
NOI $58,310 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
266
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
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 - CDA-R-12 duplex with public sewer and water, plus 2026 roof and water heater updates.
Where is this duplex located?
The property is located at 1637/1639 E STINER Ave Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Approximately 1,920 SF per unit; total 3,840 SF duplex; Zoned CDA‑R‑12; Unit 1639 remodeled in fall 2022
