Three-Unit Residential Income
311 North Handy Street Post Falls, ID 83854
311 North Handy Street, Post Falls, ID, 83854
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For Sale
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Tri-plex offers three 3BR, 2BA units with fenced backyards, attached garages, and newer interior finishes in units A and B.
Property Size3,168 SF
Price / SF$271.46
Days on Market22
Property Features for 311 North Handy Street
General Information
- Standard status
- Active
- Size
- 3,168 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2004
Listing agency
Treaty Rock Realty, Inc.
(208) 755-9799
Listed by
Kirbi Swanson · License #ID DB22947
Source
Crexi
Added: Jul 2 Updated: Jul 23 at 12:01AM Checked: Jul 23 at 12:01AM
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, Inc.
Investment Insights
Based on property information with market context.
This tri-plex residential income property consists of three 3-bedroom, 2-bath units. Units include fenced backyards, sprinkler systems, and each unit has a 1-car attached garage. Units A and B feature newer flooring and paint, and the roof is approximately 2 years old.
The property is located near a park, the Centennial Trail, and River access.
As presented, the building is suited for buyers seeking a three-unit rental configuration with consistent unit amenities including outdoor space and attached parking.
The property is located near a park, the Centennial Trail, and River access.
As presented, the building is suited for buyers seeking a three-unit rental configuration with consistent unit amenities including outdoor space and attached parking.
Key Highlights
- Tri‑plex built in 2004 with three 3BR, 2BA units
- Units A and B have newer interior finishes, including flooring and paint
- Each unit features 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
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Tri-plex offers three 3BR, 2BA units with fenced backyards, attached garages, and newer interior finishes in units A and B.
Where is this triplex located?
The property is located at 311 North Handy Street 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 built in 2004 with three 3BR, 2BA units; Units A and B have newer interior finishes, including flooring and paint; Each unit features a fenced back yard and a sprinkler system
