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    Newer Duplex Investment Opportunity Title is generated by Realmo AI

    368 Harriet St, Priest River, ID 83856

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    Pending
    $479,000

    MULTI_FAMILY - Priest River, ID

    Property size:
    2,312 SF
    Lot size:
    0.15 Acres
    Added:
    Apr 27, 2026
    Days on Market:
    19
    Last Refresh:
    May 15 at 12:06 am

    Property Features for 368 Harriet St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Zoning
    Res
    Bedrooms
    4
    Rooms
    Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1
    Patio and Porch features
    Porch, Patio
    Interior features
    Mini-Split A/C
    Basement
    Crawl Space
    Standard status
    Pending
    APN
    RPR29030010010A
    Size
    2,312 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    24-56N-5W Babs Estates Blk 1 Lot 1 - Cpwrs
    Tax Annual Amount
    1120

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    2025
    Number of units
    2
    Building materials
    Fiber Cement, Frame
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Mindy Williamson

    Listing agent Mindy Williamson License #SP52541

    Listing office Keller Williams Realty Coeur d'Alene 3931 N Schreiber Way, Coeur d 039 Alene, ID

    Listing date Apr 27, 2026

    MLS# 26-4059 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.

    HighLights

    • Newer duplex (built in 2025) offered below assessed value, representing exceptional buyer value.
    • Fully rented, providing immediate turnkey investment opportunity and reliable income.
    • Each unit features 1,156 sq ft with 2 bedrooms, 1 bathroom, and in‑unit laundry hookups.
    • Modern mini‑split systems for efficient heating and cooling.
    • Low‑maintenance ownership due to clean, simple floorplans.
    • Convenient in‑town location with easy access to schools, shopping, and the river.

    Overview

    This newer duplex, completed in 2025, is located in the heart of Priest River and presents an ideal turnkey investment opportunity. The property is offered below the current assessed value. Each side of the duplex provides 1,156 square feet of living space, featuring 2 bedrooms, 1 bathroom, and in-unit laundry hookups. Modern heating and cooling are provided by efficient mini-split systems. Dedicated parking is available directly in front of each unit. The clean, simple floorplans appeal to renters and help keep maintenance low for owners. Situated in town, the property offers easy access to schools, shopping, and the river, contributing to strong rental demand and reliable income. With a lot size of 0.15 acres and a total property size of 2,312 square feet, this duplex offers modern construction, stable tenants, and low-maintenance ownership in a growing North Idaho community. The property is zoned residential. The identical duplex next door is also available, offering a rare chance to acquire side-by-side investment properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Hair Salon Spa & Massage Center Building Supply Nail Salon Pharmacy Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Priest River
    County
    Bonner
    State
    Idaho
    Longitude
    -116.907645
    Latitude
    48.185447

    Nearby Similar for Sale

    • $735,000

      Waterfront Recreational Land Near Priest River

      Improved recreational parcel with river frontage near Priest River, Idaho.
      17768 Dufort Rd, Priest River, ID 83856
      View Details
    • $479,000
      2,312 SF

      Newer Duplex in Priest River

      Turnkey investment opportunity: modern duplex completed in 2025, fully rented.
      374 Harriet St, Priest River, ID 83856
      View Details
    • $390,000
      2,058 SF

      Priest River Triplex Investment Opportunity

      Triplex in Priest River, Idaho with consistent tenant history.
      34 Church St, Priest River, ID 83856
      View Details

    FAQs

    What type of property is this?
    Duplex - Turnkey duplex in Priest River, completed in 2025 and fully rented.
    Where is this duplex located?
    The property is located at 368 Harriet St Priest River, ID.
    What is the asking price?
    The asking price for this property is $479,000.
    What are key features of this property?
    This property features: Newer duplex (built in 2025) offered below assessed value, representing exceptional buyer value.; Fully rented, providing immediate turnkey investment opportunity and reliable income.; Each unit features 1,156 sq ft with 2 bedrooms, 1 bathroom, and in‑unit laundry hookups.
    (208) 660-2356
    We can help!
    Listing Contact
    Mindy Williamson
    Real Estate License ID: SP52541
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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