Newer Duplex with Attached
For Sale
$850,000
1793/1795 N Catherine Street, Post Falls, ID 83854
Two spacious units each offer 3 bedrooms, 2 baths, attached garages, and fenced backyards for tenant privacy.
Property Size3,678 SF
Price / SF$231.10
Days on Market98
Property Features for 1793/1795 N Catherine Street
General Information
Standard status
Active
Size
3,678 SF
Property subtype
MultiFamily
Zoning
Post Falls-R-2
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Building Details
Building Size
3,678 SF
Year Built
2025
Units
2
Listing Agency:
The Experience Northwest
Listed By:
Kevin Shawn Glenn · License #SP48494
(208) 966-8403
Source:
Purewestrealestate
Added: Jun 17
Changed: Sep 9
Last Checked: Sep 22 at 1:01PM
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 The Experience Northwest
Investment Insights
Based on property information with market context.
This newer duplex provides two separate residential units, each laid out with 3 bedrooms and 2 bathrooms. Both sides include attached garages and open-concept living areas. Interior finishes feature solid-surface countertops, stainless steel appliances, abundant cabinetry, and LVP flooring, supporting an updated feel for day-to-day living.
The property is positioned for convenience, with access to nearby schools, shopping, dining, and parks. It also offers easy access to I-90, helping connect residents to surrounding areas.
For investors, the duplex format allows for rental income from two self-contained households within a single asset. For owner-occupants, one side can be lived in while the other unit provides rental income potential to help offset housing costs, supported by the property’s separate unit configuration and tenant-friendly outdoor space. The fully fenced backyards add practical privacy and usable outdoor area for both units.
The property is positioned for convenience, with access to nearby schools, shopping, dining, and parks. It also offers easy access to I-90, helping connect residents to surrounding areas.
For investors, the duplex format allows for rental income from two self-contained households within a single asset. For owner-occupants, one side can be lived in while the other unit provides rental income potential to help offset housing costs, supported by the property’s separate unit configuration and tenant-friendly outdoor space. The fully fenced backyards add practical privacy and usable outdoor area for both units.
Key Highlights
- Duplex built in 2025 with two spacious units, each offering 3 bedrooms and 2 bathrooms
- Each unit includes an attached garage and open‑concept living area
- Modern finishes throughout, including solid‑surface countertops and stainless steel appliances
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
$33,575
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
3.95%
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%
$671,500
$671.5K
Cap Rate 7%
$479,643
$479.6K
Cap Rate 9%
$373,056
$373.1K
Market Conditions
NOI Build-Up for 3,678 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
$50.8K $13.80/SF
− Vacancy
−$2.8K −$0.76/SF
EGI
$48.0K $13.04/SF
− OpEx
−$14.4K −$3.91/SF
NOI
$33.6K $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%
$671,500
Cap Rate 7%
$479,643
Cap Rate 9%
$373,056
Alternative Uses
Best Use
Multifamily LT 5
$479.6K
$419.7K – $559.6K
NOI $33,575 @ 7.0% cap · market cap 3.95%
Second Best
Apartment 5plus
$443.8K
$388.3K – $517.8K
NOI $31,067 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$797.9K
$698.1K – $930.8K
NOI $55,850 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
253
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two spacious units each offer 3 bedrooms, 2 baths, attached garages, and fenced backyards for tenant privacy.
Where is this duplex located?
The property is located at 1793/1795 N Catherine Street Post Falls, ID.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Duplex built in 2025 with two spacious units, each offering 3 bedrooms and 2 bathrooms; Each unit includes an attached garage and open‑concept living area; Modern finishes throughout, including solid‑surface countertops and stainless steel appliances
