$2,175,000
Coeur d'Alene, ID 83814
MLS# 25-9246
4978 sqft
1 / 42
Property Description
$800k in seller financing available for 3 years at 8% interest-only. Lake CDA Apartments is a 4,978 SF multifamily property on a 0.43 acre parcel in east downtown Coeur d'Alene. The fully furnished asset includes 12 units consisting of 9 studios and 3 one bedroom apartments, plus an on-site laundry facility and manager's office. Recent upgrades include new interior and exterior paint, modern fixtures, updated kitchenettes, and a new TPO roof. Rents range from $1,300 to $1,800 per month, with two one bedroom units generating over $4,000 monthly as Airbnbs. Ideally located next to Michael D's, across from Vantage Brewing, and adjacent to the Coeur d'Alene Resort Golf Course, the property blends tenant appeal with strong investment upside. The T-12 figures reflect an annual revenue of $202,530 and -$42,827 in expenses, producing an NOI of $159,703 with an average occupancy of 89%. Zoned C17, the property offers mixed-use flexibility for residential or commercial applications.
Details
Documents
Contract Information
Status: Active
Listing Type: Multi Family
Area: 01 - Cd'A Urban/Dalton
Neighborhood Grid #: 102
Begin Date: 2025-09-09
List Price: $2,175,000
Short Sale: No
REO: No
General Property Description
Realtor.COM Type: Multi-Family
Number of Units: 12
Studio Units: 9
1 BR units: 3
Building Style: Sgl Level
Basement: Yes
Garage Stall: None
Total SqFt.: 4978
ESTIMATED SqFt Source: Estimated
SqFt Per: Complex
Year Built: 1938
Remodeled: Yes
Year of Remodel: 2024
New Construction: No
Lot Acres: 0.43
Lot Type 1: Commercial
Legal and Taxes
Legal: GLENMORE ADD TO CDA AMENDED, E 27.77 FT-LT 4 BLK 16, BLK D, LTS 7 & 8 EX RW BLK
AIN/Tax Bill: 145770
Parcel Number: C432001600DA
School District: CDA - 271
Zoning: C-17
Directions: Off I-90 Exit 15, on the corner of Mullan and CDA Lake Dr.
Taxes: 7333.23
Tax Year: 2024
Taxes Reflect 1: No Exemptions
Subdivision: Glenmore
Remarks
Public Remarks: $800k in seller financing available for 3 years at 8% interest-only. Lake CDA Apartments is a 4,978 SF multifamily property on a 0.43 acre parcel in east downtown Coeur d'Alene. The fully furnished asset includes 12 units consisting of 9 studios and 3 one bedroom apartments, plus an on-site laundry facility and manager's office. Recent upgrades include new interior and exterior paint, modern fixtures, updated kitchenettes, and a new TPO roof. Rents range from $1,300 to $1,800 per month, with two one bedroom units generating over $4,000 monthly as Airbnbs. Ideally located next to Michael D's, across from Vantage Brewing, and adjacent to the Coeur d'Alene Resort Golf Course, the property blends tenant appeal with strong investment upside. The T-12 figures reflect an annual revenue of $202,530 and -$42,827 in expenses, producing an NOI of $159,703 with an average occupancy of 89%. Zoned C17, the property offers mixed-use flexibility for residential or commercial applications.
Address
Street Number: 219
Street Direction Pfx: E
Street Name: Coeur d'Alene Lake
Street Suffix: Dr
State/Province: ID
Postal Code: 83814
County: Kootenai
Property Subject To
CC&Rs: No
Homeowners Assoc: No
LID: No
Non-Mtg Lien: No
Flood Zone: No
Aircraft Flight Zone: No
Fire Protection Dist: No
Miscellaneous
Sec: 18
Twn: 50N
Rng: 03
Rng Dir: WBM
Showing Instructions
Showing Service Name: ShowingTime
Property Features
Paid By Owner: Electricity; Gas; Sewer; Trash Collection; Water
View: Mountain(s)
Lot Features: Irregular Lot; Landscaped; Level; Sprinklers In Front; Sprinklers In Rear
Fencing: None
Interior Features: Wall Unit(s)
Exterior Features: Rain Gutters; Sidewalks
Fuel: Electric; Natural Gas
Heating: Heat Pump
Bsmt: Part Size
Basement: Finished
Foundation: Concrete
Construction: Frame
Exterior: Lap Siding
Roof: Comp Shingle
Road: Paved; Public Maintained Road
Sewer: Public Sewer
Terms Considered: 1031 Exchange; Cash; Conventional
Showing Instructions: Call List Agent
Flyer 
Listing Office: Keller Williams Realty Coeur d'Alene
Last Updated: December - 16 - 2025
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