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Lake CDA Apartments 219 E Coeur D Alene Lake Dr 12 Unit Apartment Building $1,975,000 ($164,583/Unit) 6.64% Cap Rate Coeur d'Alene, ID 83814
Investment Highlights
- Strong Market Fundamentals – The Coeur d’Alene MSA has grown more than 11% the past 5 years versus roughly 3-4% nationally
- Proximity to Lake Coeur d’Alene, the CDA Resort Golf Course, Tubbs Hill, the Centennial Trail, and Vantage Brewing supports continued tenant demand
- Idaho’s landlord friendly regulatory environment, absence of rent control, & pro business climate provide long term operational flexibility
- Vacancy has declined over the past 5 quarters, and with no large projects underway, vacancy is expected to continue normalizing
Executive Summary
SVN Cornerstone is pleased to present Lake CDA Apartments for sale located at 219 E Coeur d’Alene Lake Dr in Coeur d’Alene, Idaho. Lake CDA Apartments consists of 12 fully furnished units, including 3 one bedroom units and 9 studio units. The property features recent upgrades such as new interior and exterior paint, modern fixtures, updated kitchenettes, and a new TPO roof, along with an on site laundry facility and manager’s office. Ideally positioned in east downtown Coeur d’Alene directly across from Vantage Brewing and near the Coeur d’Alene Resort Golf Course, along with several other amenities, the property benefits from a highly walkable location that supports strong tenant demand and long term investment stability.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$183,612
|
$36.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$9,181
|
$1.84
|
| Effective Gross Income |
$174,431
|
$35.04
|
| Taxes |
$7,333
|
$1.47
|
| Operating Expenses |
$36,025
|
$7.24
|
| Total Expenses |
$43,358
|
$8.71
|
| Net Operating Income |
$131,073
|
$26.33
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $183,612 |
| Annual Per SF | $36.88 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $9,181 |
| Annual Per SF | $1.84 |
| Effective Gross Income | |
|---|---|
| Annual | $174,431 |
| Annual Per SF | $35.04 |
| Taxes | |
|---|---|
| Annual | $7,333 |
| Annual Per SF | $1.47 |
| Operating Expenses | |
|---|---|
| Annual | $36,025 |
| Annual Per SF | $7.24 |
| Total Expenses | |
|---|---|
| Annual | $43,358 |
| Annual Per SF | $8.71 |
| Net Operating Income | |
|---|---|
| Annual | $131,073 |
| Annual Per SF | $26.33 |
Property Facts Under Contract
| Price | $1,975,000 | Apartment Style | Low-Rise |
| Price Per Unit | $164,583 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.44 AC |
| Cap Rate | 6.64% | Building Size | 4,978 SF |
| No. Units | 12 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1938 |
| Zoning | C-17 - C-17 | ||
| Price | $1,975,000 |
| Price Per Unit | $164,583 |
| Sale Type | Investment |
| Cap Rate | 6.64% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.44 AC |
| Building Size | 4,978 SF |
| Average Occupancy | 92% |
| No. Stories | 1 |
| Year Built | 1938 |
| Zoning | C-17 - C-17 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Sprinkler System
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| Studios | 9 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | C432001600DA | Total Assessment | $1,352,133 |
| Land Assessment | $415,342 | Annual Taxes | $7,333 ($1.47/SF) |
| Improvements Assessment | $936,791 | Tax Year | 2025 |
Property Taxes
Parcel Number
C432001600DA
Land Assessment
$415,342
Improvements Assessment
$936,791
Total Assessment
$1,352,133
Annual Taxes
$7,333 ($1.47/SF)
Tax Year
2025
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Lake CDA Apartments | 219 E Coeur D Alene Lake Dr
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