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219 E Coeur d'Alene Lake Dr, Coeur d'Alene, ID 83814

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For Sale

$2,450,000

4,978 sqft

Estimated Payment

$      /mo.

APR for 30 years

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  • Apartment
    Property type

  • Newly Listed
    Time on Century 21

  • $492.17
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# 25-9246

Courtesy Of CDARE

(208) 667-2399

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Lot Size
    0.43 Acres
  • View Type
    City

Home seller CENTURY 21 Waterfront

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

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Monthly Payment Breakdown

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