Duplex with Attached
For Sale
$599,000
9771 N Melrose St, Hayden, ID 83835
Each residence includes an electric range, refrigerator, and dishwasher.
Property Size2,248 SF
Price / SF$266.46
Days on Market8
Property Features for 9771 N Melrose St
General Information
Standard status
Active
Size
2,248 SF
Total Parking Spaces
2
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,282
Amenities
electric range
refrigerator
dishwasher
fenced backyard
Kitchen Island
Building Details
Building Size
2,248 SF
Year Built
1977
Stories
1
Units
2
Listing Agency:
Coldwell Banker Tomlinson
(509) 921-7400
Listed By:
Antigone Twidt · License #SP39326
(208) 755-0150
Source:
Ericksrealty
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 23 at 5:07PM
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 Coldwell Banker Tomlinson
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Investment Insights
Based on property information with market context.
This 2,248-square-foot duplex was built in 1977, with an attached single-car garage serving each unit. Both residences have an electric range, refrigerator, and dishwasher. A fenced backyard provides outdoor space, and the property has long-term renters with an established rental history.
Located at 9771 N Melrose St in Hayden, Idaho, the property is offered for sale as a duplex.
Located at 9771 N Melrose St in Hayden, Idaho, the property is offered for sale as a duplex.
Key Highlights
- 2,248‑square‑foot duplex built in 1977
- Attached single‑car garage for each unit
- Electric range, refrigerator, and dishwasher in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,521
Cap Rate
3.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,420
$410.4K
Cap Rate 7%
$293,157
$293.2K
Cap Rate 9%
$228,011
$228.0K
Market Conditions
NOI Build-Up for 2,248 SF
Gross rent
$31.0K $13.80/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$29.3K $13.04/SF
− OpEx
−$8.8K −$3.91/SF
NOI
$20.5K $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%
$410,420
Cap Rate 7%
$293,157
Cap Rate 9%
$228,011
Alternative Uses
Best Use
Multifamily LT 5
$293.2K
$256.5K – $342.0K
NOI $20,521 @ 7.0% cap · market cap 3.43%
Second Best
Apartment 5plus
$271.3K
$237.4K – $316.5K
NOI $18,988 @ 7.0% cap · market cap 3.17%
Theoretical Best
Office A
$487.6K
$426.7K – $568.9K
NOI $34,135 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
625
Businesses Nearby
Explore this area
Business Placement
Demographics for 83835, ID
23,157
Population
10,110
Households
2.3
Avg Household Size
46
Median Age
33%
College-Educated
95%
High-School Grad
99.4 sq mi
ZIP Area
233
Density / Sq Mi
$86,014
Median Household Income
$43,925
Median Earnings
$1,688
Median Rent
$502,400
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 - Each residence includes an electric range, refrigerator, and dishwasher.
Where is this duplex located?
The property is located at 9771 N Melrose St Hayden, ID.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,248‑square‑foot duplex built in 1977; Attached single‑car garage for each unit; Electric range, refrigerator, and dishwasher in both residences
