5405 E Grove Ave Athol, ID 83801
COMMERCIAL - Athol, ID
Property Features for 5405 E Grove Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- RES
- Interior features
- High Speed Internet
- Exterior features
- Lawn
- Fencing
- Cross Fenced
- Basement
- Crawl Space
- Standard status
- Active
- APN
- A3999006003A
- Size
- 12,000 SF
- Lot size
- 1.86 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- BENNETTS 2ND ADD TO ATHOL, LTS 1,2,3,4,5,6 & 7 BLK 6 AND LTS 1,2,3,4 BLK 5
- Tax Annual Amount
- 10253
Utilities
- Sewer type
- Septic Tank
- Heating system
- Other (Heating), Electric (Heating), Natural Gas, Forced Air, Baseboard
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2000
- Building materials
- Aluminum Siding, T1-11
- Roof type
- Rubber, Composition
- Architectural style
- Other
Listing agent John Thomas Sinclair License #AB31974 (208) 818-8385
Listing office REAL BROKER LLC 105 N 4th St Suite 201B, Meridian, ID (509) 990-2525
Listing date May 28, 2026
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.
The community is located at 5405 E Grove Ave in Athol, Idaho, and ownership includes all nine rental homes and 11 city lots, plus two additional developable lots. Financial information is available upon request, and please do not disturb tenants.
Key Highlights
- Workforce housing community with 9 rental homes on approximately 2.23 acres in Athol, Idaho
- Ownership includes all 9 rental homes and 11 city lots; property has 6 singlewide and 3 doublewide homes
- Tenants are responsible for utilities, lawn care, and snow removal; each home is separately metered
Local Financial Insights For Apartment 5plus
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 | $194.4k | $16.20 |
| − Vacancy | −$10.1k | −$0.84 |
| EGI | $184.3k | $15.36 |
| − OpEx | −$82.9k | −$6.91 |
| NOI | $101.4k | $8.45 |
