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

Local realty services provided by:ERA Shelman Realty
219 E Coeur d'Alene Lake Dr,Coeur d'Alene, ID 83814
$2,300,000
  • - Beds
  • - Baths
  • 4,978 sq. ft.
  • Multi-family
  • Active
Listed by:zachary davis
Office:keller williams realty coeur d'alene
MLS#:25-9246
Source:ID_CDAR

Price summary

  • Price:$2,300,000
  • Price per sq. ft.:$462.03

About this home

$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.

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Home facts

  • Year built:1938
  • Listing ID #:25-9246
  • Added:51 day(s) ago
  • Updated:October 31, 2025 at 03:08 PM

Rooms and interior

  • Living area:4,978 sq. ft.

Heating and cooling

  • Heating:Heat Pump

Structure and exterior

  • Roof:Composition
  • Year built:1938
  • Building area:4,978 sq. ft.
  • Lot area:0.43 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,300,000
  • Price per sq. ft.:$462.03
  • Tax amount:$7,333 (2024)
IDX information is provided by the Coeur d’Alene Multiple Listing Service exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data is deemed reliable but is not guaranteed accurate by the MLS

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