Turnkey Rented
For Sale
$475,000
523 & 525 N 21st Street, Coeur d Alene, ID 83814
Two leased units each offer 2 bedrooms, 1 bath, and a private backyard, with tenant-paid utilities.
Property Size1,792 SF
Price / SF$265.07
Days on Market94
Property Features for 523 & 525 N 21st Street
General Information
Standard status
Active
Size
1,792 SF
Property subtype
MultiFamily
Zoning
RES
Additional Details
Multifamily Units
2
Building Details
Building Size
1,792 SF
Year Built
1972
Units
2
Listing Agency:
Northwest Realty Group
Listed By:
Marcello Conigliaro · License #DB20412
(208) 640-0269
Source:
Purewestrealestate
Added: Jul 20
Changed: Oct 21
Last Checked: Oct 20 at 5:10PM
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 Northwest Realty Group
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Investment Insights
Based on property information with market context.
This turnkey duplex offers two rented units with a documented rental history. Each unit features two bedrooms and one bathroom, along with a one-car garage and a private backyard. Tenants are currently in place, and both units are leased at $1,500 per month each, with tenants paying all utilities.
The property is located in Coeur d’Alene, positioned across from Fernan Elementary. This setting provides a straightforward, residential income configuration for buyers seeking an already-occupied duplex.
The asset is a duplex structure built to support two separate households, each with its own garage and outdoor private backyard space.
The property is located in Coeur d’Alene, positioned across from Fernan Elementary. This setting provides a straightforward, residential income configuration for buyers seeking an already-occupied duplex.
The asset is a duplex structure built to support two separate households, each with its own garage and outdoor private backyard space.
Key Highlights
- Turnkey rented duplex with rental history
- Two leased units, each has 2 bedrooms and 1 bath
- Each unit includes a 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,359
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,180
$327.2K
Cap Rate 7%
$233,700
$233.7K
Cap Rate 9%
$181,767
$181.8K
Market Conditions
NOI Build-Up for 1,792 SF
Gross rent
$24.7K $13.80/SF
− Vacancy
−$1.4K −$0.76/SF
EGI
$23.4K $13.04/SF
− OpEx
−$7.0K −$3.91/SF
NOI
$16.4K $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 Rate 5%
$327,180
Cap Rate 7%
$233,700
Cap Rate 9%
$181,767
Alternative Uses
Best Use
Multifamily LT 5
$233.7K
$204.5K – $272.7K
NOI $16,359 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$216.2K
$189.2K – $252.3K
NOI $15,136 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$388.7K
$340.1K – $453.5K
NOI $27,211 @ 7.0% cap · market cap 5.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
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Business Placement
Demographics for 83814, ID
26,966
Population
14,314
Households
1.9
Avg Household Size
43
Median Age
34%
College-Educated
95%
High-School Grad
194.1 sq mi
ZIP Area
139
Density / Sq Mi
$69,914
Median Household Income
$41,195
Median Earnings
$1,223
Median Rent
$518,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two leased units each offer 2 bedrooms, 1 bath, and a private backyard, with tenant-paid utilities.
Where is this duplex located?
The property is located at 523 & 525 N 21st Street Coeur d Alene, ID.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Turnkey rented duplex with rental history; Two leased units, each has 2 bedrooms and 1 bath; Each unit includes a 1‑car garage
