Newer Duplex with Attached
For Sale
$850,000
Pending
1797-1799 North Catherine Street, Post Falls, ID 83854
Newer duplex with two spacious 3-bedroom, 2-bath units, each featuring an attached garage and fenced backyard.
Property Size3,678 SF
Days on Market86
Property Features for 1797-1799 North Catherine Street
General Information
Standard status
Pending
Size
3,678 SF
Property subtype
MultiFamily / Multi Family
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$976
Amenities
Central Air, Yes
Heat Pump, Electric, Yes
Concrete
Central Air
MLS
0.0
Comp Shingle
Back Yard, Fenced
Fiber Cement, Shingle Siding
Covered Porch, Curbs, Sidewalks
Paved
Sidewalks, Curbs
Concrete Perimeter
Shingle Siding, Fiber Cement, Frame
Covered Porch
Building Details
Year Built
2025
Stories
2
Listing Agency:
The Experience Northwest
Listed By:
Kevin Shawn Glenn · License #SP48494
(208) 966-8403
Source:
Compass
Added: Jun 12
Changed: Aug 8
Last Checked: Aug 3 at 11:07AM
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 offers two spacious units, each with 3 bedrooms and 2 bathrooms. Both units include attached garages and open-concept living areas with quality finishes such as solid-surface countertops, stainless steel appliances, abundant cabinetry, and LVP flooring. Each unit also provides a fully fenced backyard for private outdoor space.
The property is located in Post Falls near schools, shopping, dining, parks, and provides easy access to I-90.
As a residential income property, the duplex is well suited for investors seeking a newer asset or owner-occupants looking to offset housing costs with rental income.
The property is located in Post Falls near schools, shopping, dining, parks, and provides easy access to I-90.
As a residential income property, the duplex is well suited for investors seeking a newer asset or owner-occupants looking to offset housing costs with rental income.
Key Highlights
- Newer duplex built in 2025 with two 3‑bedroom, 2‑bath units
- Each unit includes an attached garage
- Open‑concept living areas with quality finishes 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
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Newer duplex with two spacious 3-bedroom, 2-bath units, each featuring an attached garage and fenced backyard.
Where is this duplex located?
The property is located at 1797-1799 North 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 3‑bedroom, 2‑bath units; Each unit includes an attached garage; Open‑concept living areas with quality finishes including solid‑surface countertops and stainless steel appliances
