Updated Single-Level
For Sale
$970,000
4428 N Crown Ave, Coeur d Alene, ID 83815
MultiFamily, Sgl Level, Coeur d'Alene, ID
Property Size3,222 SF
Lot Size0.25 Acres
Price / SF$301.06
Days on Market94
Property Features for 4428 N Crown Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CDA-R-12
Bedrooms
8
Full bathrooms
6
Rooms
Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 3, Bathroom 4, Bathroom 6, Bedroom 1, Bedroom 5, Bedroom 4, Bathroom 5, Bathroom 1
Interior features
Cable Internet Available, High Speed Internet, Smart Thermostat, Main Floor Utilities
Fencing
Cross Fenced
Basement
Crawl Space
Lot features
Level, Southern Exposure
View
Territorial
Elementary school district
CDA - 271
Middle school district
CDA - 271
High school district
CDA - 271
Directions
From I-90 go N on HWY 95, R on Kathleen, L on Crown. Property is on the right
Subdivision
01 - Cd'A Urban/Dalton
Standard status
Active
APN
C1685002008B
Size
3,222 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Coeur 1st Add, Tx #15961 [In Se-Se] 3551N04w
Tax Annual Amount
4710
Legal Description
Coeur 1st Add, Tx #15961 [In Se-Se] 3551N04w
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating), Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1994
Number of units
3
Building materials
T1-11, Lap Siding, Frame
Roof type
Composition
Architectural style
Other
Listing Agency:
eXp Realty
(888) 452-7689
Listed By:
Mike Drake · License #SP54458
(208) 819-4967
Added: Jun 6
Changed: Sep 6
Last Checked: Sep 7 at 1:06PM
MLS# 26-5788
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 3,222-square-foot triplex contains three single-level units: two with three bedrooms and two bathrooms, plus one with two bedrooms and two bathrooms. Each residence includes an attached one-car garage, an open-concept floor plan, a large kitchen, substantial cabinet storage, and laundry hookups. Improvements completed since 2021 include the roof, interior and exterior paint, flooring, appliances, and HVAC systems.
The property sits on 0.25 acres in Coeur d'Alene and uses public water and public sewer. Tenants pay electric and gas, while the owner covers water, sewer, and garbage. All three leases are month-to-month. The location provides access to Hwy 95, Kathleen Ave, shopping, services, and commuter routes. Zoning is CDA-R-12.
The property sits on 0.25 acres in Coeur d'Alene and uses public water and public sewer. Tenants pay electric and gas, while the owner covers water, sewer, and garbage. All three leases are month-to-month. The location provides access to Hwy 95, Kathleen Ave, shopping, services, and commuter routes. Zoning is CDA-R-12.
Key Highlights
- 3,222‑square‑foot triplex with three single‑level units
- Unit mix includes two 3‑bedroom/2‑bath units and one 2‑bedroom/2‑bath unit
- Each unit has an attached 1‑car garage, open layout, kitchen storage, and laundry hookups
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
$29,413
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
3.03%
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%
$588,260
$588.3K
Cap Rate 7%
$420,186
$420.2K
Cap Rate 9%
$326,811
$326.8K
Market Conditions
NOI Build-Up for 3,222 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
$44.5K $13.80/SF
− Vacancy
−$2.4K −$0.76/SF
EGI
$42.0K $13.04/SF
− OpEx
−$12.6K −$3.91/SF
NOI
$29.4K $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%
$588,260
Cap Rate 7%
$420,186
Cap Rate 9%
$326,811
Alternative Uses
Best Use
Multifamily LT 5
$420.2K
$367.7K – $490.2K
NOI $29,413 @ 7.0% cap · market cap 3.03%
Second Best
Apartment 5plus
$388.8K
$340.2K – $453.6K
NOI $27,215 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$698.9K
$611.6K – $815.4K
NOI $48,925 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
754
Businesses Nearby
Explore this area
Business Placement
Demographics for 83815, ID
39,412
Population
17,031
Households
2.3
Avg Household Size
39
Median Age
33%
College-Educated
96%
High-School Grad
15.6 sq mi
ZIP Area
2,526
Density / Sq Mi
$77,139
Median Household Income
$39,257
Median Earnings
$1,445
Median Rent
$472,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer attached garages, open layouts, laundry hookups, and updated interiors and systems.
Where is this triplex located?
The property is located at 4428 N Crown Ave Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: 3,222‑square‑foot triplex with three single‑level units; Unit mix includes two 3‑bedroom/2‑bath units and one 2‑bedroom/2‑bath unit; Each unit has an attached 1‑car garage, open layout, kitchen storage, and laundry hookups
