$2,175,000

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

  • 4,978 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1938
  • Property Lot Size Icon0.43acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $437/sqft
  • Property List Date Icon Listed 2 months ago

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.

Listing Status:
Active
Date Added:
September 9, 2025 at 05:00AM
Listing Office:
Keller Williams Realty Coeur d'Alene : 208-667-2399
MLS ID:
25-9246
  • Basement: Finished
  • A/C:
  • Heating: Heat PumpElectricNatural Gas
  • General: Rain Gutters
  • Roofing: Composition
  • General: FrameLap SidingConcrete Perimeter
  • Road/Access: Paved
  • Originating MLS: Coeur d'Alene Multiple Listing Service
  • School District: CDA - 271
  • County: Kootenai
  • Zoning: C-17GLENMORE ADD TO CDA AMENDEDE 27.77 FT-LT 4 BLK 16BLK DLTS 7 & 8 EX RW BLKC432001600DA
  • View: CityView
  • Fencing: None
  • Water: Public
  • Sewer: Public Sewer
  • Source: Coeur d'Alene Multiple Listing Service

This listing courtesy of Keller Williams Realty Coeur d'Alene

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

F

Fernan STEM Academy

520 N 21st St, Coeur D Alene, ID, 83814

Grades KG-5

0.37 miles away

L

Lakes Middle School

930 N 15th St, Coeur D Alene, ID, 83814

Grades 6-8

0.93 miles away

V

Venture High School

1619 N 9th St, Coeur D Alene, ID, 83814

Grades 9-12

1.62 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.