Idaho
Coeur D'alene
602 N GOVERNMENT WAY

$1,125,000

602 N GOVERNMENT WAY, Coeur D'alene, ID 83814

3 beds |
2 baths |
2,162 sqft

Single-Family Home
Built in 1916
8,712sqft lot
—— car garage
$520/sqft
Listed 23 days ago

Property Description

INVESTOR AND DEVELOPER ALERT! This corner property is in the historic downtown sector of Coeur d'Alene within the renowned Garden District. TWO LOTS ZONED R-17 / INFILL DISTRICT which feature .20 total acres. Build brand new multifamily condo units or apartments. City Planning Department would allow for a three (3) floor multifamily dwelling w/ 45' maximum roof height. Unit count is determined by Floor-Area-Ratio (FAR). Calculus: 8,712 sq ft lot area x 2 = 17,424 sq ft. Imagine doing four (4) units per floor @ 1,400 sq ft per unit... that's 12 total units! No CC&R's or HOA's. Bring your vision and skillset to create new stylized development mere blocks away from the pulse of Sherman Ave, CdA Resort & Marina, Tubbs Hill, City Park, Independance Point, shopping, cafes, restaurants... all within short walking distance down streets lined with old growth trees. Existing 3 BR / 1.5 BA / 2,834 Sq Ft home cash flows excellent rent roll. Don't hesitate to capitalize on this opportunity!

Listing Status:: Active
Date Added:: June 17, 2025 at 05:00AM
Listing Office:: Kelly Right Real Estate : 509-489-7000
MLS ID:: 25-6221

General: Cable Internet AvailableCentral AirFireplace
Appliances: Gas Water HeaterRefrigeratorRange/Oven - ElecDisposalDishwasher
Basement: UnfinishedCellar
Flooring: VinylCarpet
Heating: CadetNatural GasWoodForced AirFireplace(s)

This listing courtesy of Kelly Right Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Sorensen Magnet School of the Arts and Humanities

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

Grades PK-5

0.59 miles away

Lakes Middle School

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

Grades 6-8

0.95 miles away

Venture High School

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

Grades 9-12

0.99 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.