Six-Unit Apartment
For Sale
$1,199,000
7005 Timberline Street, Rathdrum, ID 83858
Each residence includes private laundry, dedicated mechanical systems, and covered tenant parking.
Property Size5,172 SF
Price / SF$231.83
Days on Market165
Property Features for 7005 Timberline Street
General Information
Standard status
Active
Size
5,172 SF
Property subtype
MultiFamily / Multi Family
Taxes and HOA fees
Annual Taxes
$4,927
Amenities
Forced Air, Natural Gas, Yes
Concrete
MLS
0.0
Comp Shingle
Back Yard, Cross Fenced, Front Yard
Vinyl Siding
Concrete Perimeter
Vinyl Siding, Frame
Building Details
Year Built
1995
Listing Agency:
CENTURY 21 Beutler & Associates
(208) 661-2897
Listed By:
Kira Kelly · License #SP26451
(208) 661-2897
Source:
Compass
Added: Mar 20
Changed: Aug 30
Last Checked: Aug 30 at 3:15PM
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 CENTURY 21 Beutler & Associates
Investment Insights
Based on property information with market context.
Built in 1995, this 5,172-square-foot apartment property contains six residences, each measuring 862 square feet with two bedrooms and one bathroom. Every unit includes its own laundry room, water heater, and furnace. The property also provides one covered carport space for each tenant, while the lower-level residences have individually fenced rear yards.
Exterior improvements include vinyl siding, concrete perimeter construction, front and back yard areas, cross fencing, landscaping, and sprinkler systems. The roof is approximately 10 years old. The property is located at 7005 Timberline Street in Rathdrum, near Rathdrum John Brown Elementary, Lakeland Middle School, Lakeland High School, grocery stores, and restaurants.
Exterior improvements include vinyl siding, concrete perimeter construction, front and back yard areas, cross fencing, landscaping, and sprinkler systems. The roof is approximately 10 years old. The property is located at 7005 Timberline Street in Rathdrum, near Rathdrum John Brown Elementary, Lakeland Middle School, Lakeland High School, grocery stores, and restaurants.
Key Highlights
- Six units totaling 5,172 SF; each unit is 862 SF with 2 beds and 1 bath
- Private laundry rooms, water heaters, and furnaces in every unit
- One covered carport space allocated to each tenant
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
$43,686
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
3.64%
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%
$873,720
$873.7K
Cap Rate 7%
$624,086
$624.1K
Cap Rate 9%
$485,400
$485.4K
Market Conditions
NOI Build-Up for 5,172 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
$83.8K $16.20/SF
− Vacancy
−$4.4K −$0.84/SF
EGI
$79.4K $15.36/SF
− OpEx
−$35.7K −$6.91/SF
NOI
$43.7K $8.45/SF
Area
Kootenai County, ID
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
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%
$873,720
Cap Rate 7%
$624,086
Cap Rate 9%
$485,400
Alternative Uses
Best Use
Apartment 5plus
$624.1K
$546.1K – $728.1K
NOI $43,686 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.12M
$981.7K – $1.31M
NOI $78,536 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
Explore this area
Business Placement
Demographics for 83858, ID
17,113
Population
7,660
Households
2.2
Avg Household Size
41
Median Age
25%
College-Educated
92%
High-School Grad
112.1 sq mi
ZIP Area
153
Density / Sq Mi
$93,006
Median Household Income
$38,717
Median Earnings
$1,244
Median Rent
$452,700
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?
Apartment building - Each residence includes private laundry, dedicated mechanical systems, and covered tenant parking.
Where is this apartment building located?
The property is located at 7005 Timberline Street Rathdrum, ID.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Six units totaling 5,172 SF; each unit is 862 SF with 2 beds and 1 bath; Private laundry rooms, water heaters, and furnaces in every unit; One covered carport space allocated to each tenant
