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1818 7th Ave - 1818 7the Avenue, Lewiston, ID 83501 2 Unit Apartment Building Offered at $495,000 at a 6.61% Cap Rate Lewiston, ID 83501
Investment Highlights
- New 50-Year Metal Roof
- Kitchen Updates with New Appliances
- Seperate Exterior Entrances
- New Vinyl Windows
- Bathroom Updates with New Fixtures
- New Vinyl Flooring
Executive Summary
Rare find in the Quad Cities, this property can flex to accommodate a variety of investment or owner-occupied options. Owner-occupied, with an opportunity to rent the second unit, a move-in-ready duplex, and the potential to expand living space or develop a third separate living space. The property has been completely refurbished, including a new 50-year metal roof, kitchen updates with appliances, new vinyl flooring throughout, updated light fixtures, new furnace, and interior paint. Exterior paint to be completed and new vinyl windows scheduled to be installed by the end of May. Each unit has separate exterior entrances with ample driveaway and on-street parking. Currently vacant to accommodate showings.
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Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$38,400
|
$16.59
|
| Other Income |
$2,000
|
$0.86
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$40,400
|
$17.46
|
| Taxes |
$3,035
|
$1.31
|
| Operating Expenses |
$4,664
|
$2.02
|
| Total Expenses |
$7,699
|
$3.33
|
| Net Operating Income |
$32,701
|
$14.13
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $38,400 |
| Annual Per SF | $16.59 |
| Other Income | |
|---|---|
| Annual | $2,000 |
| Annual Per SF | $0.86 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $40,400 |
| Annual Per SF | $17.46 |
| Taxes | |
|---|---|
| Annual | $3,035 |
| Annual Per SF | $1.31 |
| Operating Expenses | |
|---|---|
| Annual | $4,664 |
| Annual Per SF | $2.02 |
| Total Expenses | |
|---|---|
| Annual | $7,699 |
| Annual Per SF | $3.33 |
| Net Operating Income | |
|---|---|
| Annual | $32,701 |
| Annual Per SF | $14.13 |
Property Facts
Amenities
Unit Amenities
- Storage Space
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Tub/Shower
- Yard
- Basement
- Double Pane Windows
- Family Room
- Lawn
- Mother-in-law Unit
- Vinyl Flooring
Site Amenities
- Trash Pickup - Curbside
- Walking/Biking Trails
- Bicycle Storage
- Private Bathroom
- Individual Leases Available
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | $2,000 | 1,039 |
| 2+1 | 1 | $1,200 | 655 - 1,039 |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | RPL16700040060 | Total Assessment | $214,732 (2025) |
| Land Assessment | $47,250 (2025) | Annual Taxes | $3,035 ($1.31/SF) |
| Improvements Assessment | $167,482 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
RPL16700040060
Land Assessment
$47,250 (2025)
Improvements Assessment
$167,482 (2025)
Total Assessment
$214,732 (2025)
Annual Taxes
$3,035 ($1.31/SF)
Tax Year
2026
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1818 7th Ave - 1818 7the Avenue, Lewiston, ID 83501
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