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

For Sale

$2,200,000

3 beds • 12 baths • 4,978 sqft

Estimated Payment

$      /mo. †

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • $441.94
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

$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.
MLS# 25-9246

Courtesy Of CDARE

(208) 667-2399

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Basement
  • Lot Size
    0.43 Acres
  • Rooms
    Basement
  • View Type
    City

Map and Directions

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

Home seller CENTURY 21 Beutler & Associates

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

CENTURY 21 Beutler & Associates

(208) 765-5554
Learn More About Us

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.