530 Harrison Ave Coeur d'Alene, ID 83814

This exceptional 18-unit apartment building, known as Lincoln Way Terrace, presents a compelling investment opportunity in the vibrant Coeur d'Alene, Idaho market. Boasting 14,613 square feet on a 0.515-acre lot (21,707 sq ft), this Class C multifamily property offers a strong 4.70% capitalization rate with a current Net Operating Income (NOI) of $172,752. Built in 1979 and situated at 530 W Harrison Ave, Coeur d'Alene, ID 83814, the property benefits from its prime location just north of downtown. The building is exceptionally well-maintained, reflecting a high standard of cleanliness and pride of ownership, contributing to historically low vacancy rates. A significant advantage is the existing Section 8 HUD commitment, extending through 2032, providing a stable income stream. The property is zoned CDA-R-12 Residential District, ensuring its continued use as an apartment building. This unique offering presents a rare chance to acquire a well-performing asset in a desirable location with a secure long-term income projection. The asking price is $3,690,000.