Newer Duplex with Attached
For Sale
$850,000
1797/1799 N Catherine Street, Post Falls, ID 83854
Two 3-bedroom, 2-bath units with attached garages and fenced yards, offering flexible ownership or rental income potential.
Property Size3,678 SF
Price / SF$231.10
Days on Market98
Property Features for 1797/1799 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 19
Last Checked: Sep 22 at 1:11PM
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 includes two spacious residential units, each offering three bedrooms and two bathrooms with open-concept living areas. Both sides feature attached garages and quality interior finishes such as solid-surface countertops, stainless steel appliances, abundant cabinetry, and LVP flooring. A fully fenced backyard for each unit provides private outdoor space for tenants or household use.
Located in Post Falls, the property is described as conveniently near schools, shopping, dining, and parks, with easy access to I-90. The combined setup supports straightforward day-to-day living for residents while keeping common needs close by.
For buyers seeking an income-producing asset, the duplex configuration provides two separate units within a newer build, which can be attractive for portfolio additions. For owner-occupants, occupying one side while renting the other may help offset housing costs, with each unit maintaining its own layout, attached garage, and fenced outdoor area. Overall, it presents a practical option for investors or residents looking for a duplex with modern finishes and tenant-ready features.
Located in Post Falls, the property is described as conveniently near schools, shopping, dining, and parks, with easy access to I-90. The combined setup supports straightforward day-to-day living for residents while keeping common needs close by.
For buyers seeking an income-producing asset, the duplex configuration provides two separate units within a newer build, which can be attractive for portfolio additions. For owner-occupants, occupying one side while renting the other may help offset housing costs, with each unit maintaining its own layout, attached garage, and fenced outdoor area. Overall, it presents a practical option for investors or residents looking for a duplex with modern finishes and tenant-ready features.
Key Highlights
- Newer duplex built in 2025 with two spacious units
- Each unit features 3 bedrooms and 2 bathrooms
- Each unit includes an attached garage
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 3-bedroom, 2-bath units with attached garages and fenced yards, offering flexible ownership or rental income potential.
Where is this duplex located?
The property is located at 1797/1799 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: Newer duplex built in 2025 with two spacious units; Each unit features 3 bedrooms and 2 bathrooms; Each unit includes an attached garage
