Four-Unit Residential
For Sale
$1,449,000
3398 W Lilac Ct, Post Falls, ID 83854
MultiFamily, Multi Level, Post Falls, ID
Property Size5,392 SF
Lot Size0.27 Acres
Price / SF$268.73
Days on Market92
Property Features for 3398 W Lilac Ct
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res
Bedrooms
14
Full bathrooms
6
Rooms
Bathroom 3, Bedroom 4, Bathroom 4, Bedroom 14, Bedroom 2, Bedroom 10, Bathroom 2, Bedroom 13, Bedroom 6, Bedroom 1, Bedroom 7, Bedroom 3, Bathroom 5, Bathroom 6, Bedroom 11, Bedroom 9, Bedroom 8, Bathroom 1, Bedroom 12, Bedroom 5
Window features
Skylight(s)
Patio and Porch features
Patio, Porch
Interior features
Cable Internet Available, High Speed Internet, Main Floor Utilities
Fencing
Fenced
Basement
None
Subdivision
Jubilee Gardens
Lot features
Sprinklers In Rear, Sprinklers In Front, Open Lot, Landscaped, Level, Cul-De-Sac
View
Territorial
Elementary school district
Post Falls - 273
Middle school district
Post Falls - 273
High school district
Post Falls - 273
Directions
From Coeur d'Alene, take I-90 west to Exit 5 (Spokane St.), north to Poleline Ave., west to Chase Rd., then north to W. Lilac Ct. Property is located on the left at 3398 W. Lilac Ct.
Standard status
Active
APN
P43750010020
Size
5,392 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Jubilee Gardens, Lt 2 Block 1 3251N05w
Tax Annual Amount
5453
Legal Description
Jubilee Gardens, Lt 2 Block 1 3251N05w
Utilities
Sewer type
Public Sewer
Heating system
Radiant, Natural Gas, Hot Water(Heating), Electric (Heating), Other (Heating)
Water source
Public
Building Details
Year built
1994
Number of units
4
Building materials
Vinyl Siding, Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
eXp Realty
(208) 890-7776
Listed By:
Chelsea Carpenter-Hosea · License #SP47071
(208) 770-0011
Added: Jun 27
Changed: Sep 25
Last Checked: Sep 26 at 7:06AM
MLS# 26-6688
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 four-unit residential property at 3398 W Lilac Ct includes 5,392 square feet on a 0.27-acre lot. Built in 1994, the property contains 14 bedrooms and 6 bathrooms, with two furnished units that have operated as executive short-term rentals for the past three years. The other units are used for long-term rentals.
Construction includes vinyl siding and frame materials, with electric, natural gas, hot water, radiant, and other heating features. The property also offers patios, a porch, fencing, public water, public sewer, and a composition roof. Its Post Falls setting is minutes from I-90, shopping, dining, schools, parks, and the Spokane River.
Construction includes vinyl siding and frame materials, with electric, natural gas, hot water, radiant, and other heating features. The property also offers patios, a porch, fencing, public water, public sewer, and a composition roof. Its Post Falls setting is minutes from I-90, shopping, dining, schools, parks, and the Spokane River.
Key Highlights
- Four‑unit property with 14 bedrooms and 6 bathrooms
- 5,392 square feet on a 0.27‑acre lot
- Two furnished units operated as executive short‑term rentals for the past three years
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
$49,222
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
3.40%
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%
$984,440
$984.4K
Cap Rate 7%
$703,171
$703.2K
Cap Rate 9%
$546,911
$546.9K
Market Conditions
NOI Build-Up for 5,392 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
$74.4K $13.80/SF
− Vacancy
−$4.1K −$0.76/SF
EGI
$70.3K $13.04/SF
− OpEx
−$21.1K −$3.91/SF
NOI
$49.2K $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%
$984,440
Cap Rate 7%
$703,171
Cap Rate 9%
$546,911
Alternative Uses
Best Use
Multifamily LT 5
$703.2K
$615.3K – $820.4K
NOI $49,222 @ 7.0% cap · market cap 3.40%
Second Best
Apartment 5plus
$650.6K
$569.3K – $759.1K
NOI $45,544 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,876 @ 7.0% cap · market cap 5.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - The property combines two furnished short-term rental units with additional long-term rental units.
Where is this quadplex located?
The property is located at 3398 W Lilac Ct Post Falls, ID.
What is the asking price?
The asking price for this property is $1,449,000.
What are key features of this property?
This property features: Four‑unit property with 14 bedrooms and 6 bathrooms; 5,392 square feet on a 0.27‑acre lot; Two furnished units operated as executive short‑term rentals for the past three years
