Two-Unit Duplex with Recent
For Sale
$549,900
Pending
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
Days on Market67
Property Features for 2903/2905 Honeysuckle
General Information
Standard status
Pending
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
Listed By:
Luke Brown · License #SP40139
(208) 771-2401
Source:
Clearwaterproperties
Added: Aug 16
Changed: Oct 21
Last Checked: Oct 20 at 9:53PM
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
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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 / Yr
$15,555
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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
