Duplex with Golf Course
For Sale
$720,000
2375/2377 W Fairway Dr, Coeur d Alene, ID 83815
Two separate residences offer flexible living arrangements, private outdoor areas, and dedicated garage space for each unit.
Property Size2,352 SF
Price / SF$306.12
Days on Market151
Property Features for 2375/2377 W Fairway Dr
General Information
Standard status
Active
Size
2,352 SF
Total Parking Spaces
3
Property subtype
Multi Family Home
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,201
Amenities
wrap-around covered deck
large patio
0.00
Building Details
Year Built
1979
Buildings
1
Listing Agency:
Tomlinson Sotheby's International Realty (Idaho)
(208) 661-8368
Listed By:
Lea Williams · License #2610
Source:
Clearwaterproperties
Added: Apr 4
Changed: Aug 31
Last Checked: Aug 30 at 2:05AM
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 Tomlinson Sotheby's International Realty (Idaho)
Investment Insights
Based on property information with market context.
This 2,352-square-foot duplex, built in 1979, includes two distinct residences with separate entrances and attached garages. The upper unit features three bedrooms and two bathrooms, an open living arrangement, and a wraparound covered deck oriented toward the adjacent Coeur d'Alene Golf Club. The lower residence provides two bedrooms, one bathroom, a private entrance, and a large patio, along with its own attached one-car garage. The upper unit has an attached two-car garage, creating dedicated parking and storage for both households.
The property is near the Kroc Center, downtown Coeur d'Alene, the Prairie Bike Trail, shopping, dining, schools, and the lake. Its two-unit configuration supports owner occupancy in one residence with the other available for rental use, or operation as a multi-unit income property.
The property is near the Kroc Center, downtown Coeur d'Alene, the Prairie Bike Trail, shopping, dining, schools, and the lake. Its two-unit configuration supports owner occupancy in one residence with the other available for rental use, or operation as a multi-unit income property.
Key Highlights
- 2,352‑square‑foot duplex built in 1979
- Upper unit includes 3 bedrooms, 2 bathrooms, and an attached 2‑car garage
- Lower unit offers 2 bedrooms, 1 bathroom, a private entrance, and an attached 1‑car 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
$21,471
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
2.98%
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%
$429,420
$429.4K
Cap Rate 7%
$306,729
$306.7K
Cap Rate 9%
$238,567
$238.6K
Market Conditions
NOI Build-Up for 2,352 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
$32.5K $13.80/SF
− Vacancy
−$1.8K −$0.76/SF
EGI
$30.7K $13.04/SF
− OpEx
−$9.2K −$3.91/SF
NOI
$21.5K $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%
$429,420
Cap Rate 7%
$306,729
Cap Rate 9%
$238,567
Alternative Uses
Best Use
Multifamily LT 5
$306.7K
$268.4K – $357.9K
NOI $21,471 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$283.8K
$248.3K – $331.1K
NOI $19,867 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$510.2K
$446.4K – $595.3K
NOI $35,715 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
262
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 - Two separate residences offer flexible living arrangements, private outdoor areas, and dedicated garage space for each unit.
Where is this duplex located?
The property is located at 2375/2377 W Fairway Dr Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: 2,352‑square‑foot duplex built in 1979; Upper unit includes 3 bedrooms, 2 bathrooms, and an attached 2‑car garage; Lower unit offers 2 bedrooms, 1 bathroom, a private entrance, and an attached 1‑car garage
