Triplex With Attached
For Sale
$775,000
311 N HANDY ST, Post Falls, ID 83854
Each residence includes a fenced backyard and sprinkler system.
Property Size3,168 SF
Price / SF$244.63
Days on Market51
Property Features for 311 N HANDY ST
General Information
Standard status
Active
Size
3,168 SF
Total Parking Spaces
3
Property subtype
Multi Family
Additional Details
Sprinkler System
Yes
Multifamily Units
3
Amenities
fenced back yard
Listing Agency:
Treaty Rock Realty
Listed By:
Darlene Lynn Berry · License #SP27307
(208) 773-1745
Source:
Brokersinclair
Added: Sep 14
Changed: Oct 29
Last Checked: Nov 3 at 6:45AM
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 Treaty Rock Realty
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Investment Insights
Based on property information with market context.
This triplex contains three 3-bedroom, 2-bathroom residences within a 3,168-square-foot property. Every unit has its own fenced backyard, sprinkler system, and attached one-car garage. Units A and B feature newer flooring and paint, while the roof was replaced two years ago.
The property is located near a park, Centennial Trail, and river access in Post Falls. Its three-unit configuration and individual outdoor areas provide a defined multifamily layout with separate garage parking for each residence.
The property is located near a park, Centennial Trail, and river access in Post Falls. Its three-unit configuration and individual outdoor areas provide a defined multifamily layout with separate garage parking for each residence.
Key Highlights
- Three 3‑bedroom, 2‑bathroom units
- 3,168‑square‑foot triplex
- Each unit has a fenced backyard and sprinkler system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,920
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,400
$578.4K
Cap Rate 7%
$413,143
$413.1K
Cap Rate 9%
$321,333
$321.3K
Market Conditions
NOI Build-Up for 3,168 SF
Gross rent
$43.7K $13.80/SF
− Vacancy
−$2.4K −$0.76/SF
EGI
$41.3K $13.04/SF
− OpEx
−$12.4K −$3.91/SF
NOI
$28.9K $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%
$578,400
Cap Rate 7%
$413,143
Cap Rate 9%
$321,333
Alternative Uses
Best Use
Multifamily LT 5
$413.1K
$361.5K – $482.0K
NOI $28,920 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$382.3K
$334.5K – $446.0K
NOI $26,759 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$687.2K
$601.3K – $801.8K
NOI $48,105 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
3
Residential units
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
896
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Triplex - Each residence includes a fenced backyard and sprinkler system.
Where is this triplex located?
The property is located at 311 N HANDY ST Post Falls, ID.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Three 3‑bedroom, 2‑bathroom units; 3,168‑square‑foot triplex; Each unit has a fenced backyard and sprinkler system
