Two-Unit Duplex with Recent
For Sale
$549,900
2903/2905 Honeysuckle, Coeur d Alene, ID 83815
Each residence includes two bedrooms, one bathroom, and 852 square feet of living space.
Property Size1,704 SF
Price / SF$322.71
Days on Market10
Property Features for 2903/2905 Honeysuckle
General Information
Standard status
Active
Size
1,704 SF
Property subtype
Multi Family Home
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,801
Amenities
0.00
Building Details
Year Built
1978
Buildings
1
Listing Agency:
REAL BROKER LLC
(208) 771-2401
Listed By:
Luke Brown · License #SP40139
Source:
Clearwaterproperties
Added: Aug 16
Changed: Aug 24
Last Checked: Aug 24 at 7:41AM
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 REAL BROKER LLC
Investment Insights
Based on property information with market context.
This 1978 duplex contains approximately 1,704 total square feet, divided into two 852-square-foot residences. Each unit provides two bedrooms and one bathroom. Exterior paint and the roof were completed in 2023, and the property is zoned CDA-R-12.
The property is located on N Honeysuckle Drive in Coeur D'Alene, with access to I-90, shopping, and nearby local amenities. Both units are occupied by month-to-month tenants, providing an existing rental configuration for the next owner.
The property is located on N Honeysuckle Drive in Coeur D'Alene, with access to I-90, shopping, and nearby local amenities. Both units are occupied by month-to-month tenants, providing an existing rental configuration for the next owner.
Key Highlights
- Two‑unit duplex with approximately 1,704 total square feet
- Each unit includes 852 square feet, 2 bedrooms, and 1 bathroom
- New exterior paint and roof installed in 2023
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
$15,555
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
2.83%
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%
$311,100
$311.1K
Cap Rate 7%
$222,214
$222.2K
Cap Rate 9%
$172,833
$172.8K
Market Conditions
NOI Build-Up for 1,704 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
$23.5K $13.80/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$22.2K $13.04/SF
− OpEx
−$6.7K −$3.91/SF
NOI
$15.6K $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%
$311,100
Cap Rate 7%
$222,214
Cap Rate 9%
$172,833
Alternative Uses
Best Use
Multifamily LT 5
$222.2K
$194.4K – $259.3K
NOI $15,555 @ 7.0% cap · market cap 2.83%
Second Best
Apartment 5plus
$205.6K
$179.9K – $239.9K
NOI $14,393 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$369.6K
$323.4K – $431.3K
NOI $25,875 @ 7.0% cap · market cap 4.71%
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
379
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 - Each residence includes two bedrooms, one bathroom, and 852 square feet of living space.
Where is this duplex located?
The property is located at 2903/2905 Honeysuckle Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Two‑unit duplex with approximately 1,704 total square feet; Each unit includes 852 square feet, 2 bedrooms, and 1 bathroom; New exterior paint and roof installed in 2023
