Triplex with Attached
311 N HANDY St Post Falls, ID 83854
311 N HANDY St, Post Falls, ID, 83854
$860,000
For Sale
$860,000
MULTI_FAMILY - Post Falls, ID
Property Size3,168 SF
Lot Size0.18 Acres
Price / SF$271.46
Days on Market471
Property Features for 311 N HANDY St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-3
- Bedrooms
- 9
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 7, Bedroom 9, Bathroom 5, Bathroom 6, Bedroom 8, Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 6
- Patio and Porch features
- Porch, Patio
- Interior features
- Cable Internet Available, High Speed Internet, Main Floor Utilities
- Basement
- Crawl Space
- Standard status
- Active
- APN
- P78000080110
- Size
- 3,168 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- RIVERVIEW PARK ADD, LT 11 BLK 8 02 50N 05W
- Tax Annual Amount
- 5091
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Other (Heating)
- Cooling system
- Wall Unit(s)
- Water source
- Public
Building Details
- Year built
- 2004
- Number of units
- 3
- Building materials
- Vinyl Siding, Frame
- Roof type
- Composition
- Architectural style
- Other
Listing Agency
Treaty Rock Realty
(208) 773-1745
205 Seltice Way, Ste H, Post Falls, ID
Listed by
Darlene Lynn Berry · License #SP27307
(208) 660-0403
Added: Apr 4, 2025 Checked: Jul 18 at 10:06 am
MLS# 25-3075
Listing URL
Copyright © 2026 Coeur d'Alene Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This triplex offers three separate 3-bedroom, 2-bath units, each with a fenced back yard and a 1-car attached garage. Units A and B feature newer flooring and paint, and the property includes a sprinkler system. The roof is reported to be about 2 years old.
The property is located at 311 N Handy St in Post Falls and sits on a small lot. Public remarks indicate it is close to a park, the Centennial Trail, and river access, which may support day-to-day livability for tenants.
For buyers, this configuration provides a straightforward residential income setup with consistent unit layouts across all three homes, along with several resident-friendly exterior features such as fenced yards and irrigation via the sprinkler system. The combination of relatively recent exterior roofing and selective interior updates in two of the units may help reduce near-term maintenance concerns compared with less recently refreshed properties.
The property is located at 311 N Handy St in Post Falls and sits on a small lot. Public remarks indicate it is close to a park, the Centennial Trail, and river access, which may support day-to-day livability for tenants.
For buyers, this configuration provides a straightforward residential income setup with consistent unit layouts across all three homes, along with several resident-friendly exterior features such as fenced yards and irrigation via the sprinkler system. The combination of relatively recent exterior roofing and selective interior updates in two of the units may help reduce near-term maintenance concerns compared with less recently refreshed properties.
Key Highlights
- Tri‑plex with 3BR, 2BA units, built in 2004
- Units A & B feature newer flooring and paint
- Each unit has a fenced back yard and a sprinkler system
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.7k | $13.80 |
| − Vacancy | −$2.4k | −$0.76 |
| EGI | $41.3k | $13.04 |
| − OpEx | −$12.4k | −$3.91 |
| NOI | $28.9k | $9.13 |
3,168 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$413.1K
$361.5K – $482.0K
NOI $28,920 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$382.3K
$334.5K – $446.0K
NOI $26,759 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$687.2K
$601.3K – $801.8K
NOI $48,105 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Three 3-bedroom units with attached garages, fenced back yards, and updated finishes in select units.
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 $860,000.
What are key features of this property?
This property features: Tri‑plex with 3BR, 2BA units, built in 2004; Units A & B feature newer flooring and paint; Each unit has a fenced back yard and a sprinkler system
