4,599 SqFt
4,599 SqFt
Key Details
Property Type Multi-Family
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 4,599 sqft
Price per Sqft $298
MLS Listing ID 25-5283
Style Sgl Level
HOA Y/N Yes
Year Built 2025
Annual Tax Amount $246
Tax Year 2024
Lot Size 10,018 Sqft
Acres 0.23
Property Sub-Type Apartment
Source Coeur d'Alene Multiple Listing Service
Property Description
Investor opportunity in Sandpoint: four newly constructed, individually parceled fee-simple townhomes available as a full investment package. Listed at $1.8M, this rare offering delivers strong projected rents between $2,300 and $2,500 per unit, with a potential gross annual income of $112,800 and an estimated cap rate of approximately 5.8%. Each home features high-end finishes, energy-efficient mini-split ductless heating and cooling, modern kitchens with premium appliances, private fenced yards with patios, and attached one-car garages. Interiors are thoughtfully designed with functional layouts and include washer and dryer sets in every unit. Two of the homes are 3 bed, 2.5 bath units approximately 1,200 sq ft, one is a 3 bed, 2 bath 1,165 sq ft home with a main-floor primary suite and large laundry room, and one is a 2 bed, 2.5 bath, 1,034 sq ft home featuring dual master suites upstairs. These townhomes are located in a quiet cul-de-sac just minutes from downtown Sandpoint, local shops, restaurants, schools, and the scenic Sand Creek Bike Path. Schweitzer Mountain Resort is a short drive away, adding year-round recreational appeal for tenants. All four homes are fee-simple, allowing long-term flexibility with potential for individual resale, 1031 exchange, or traditional hold. Each unit is separately metered and move-in ready, offering a fully turn-key investment in one of North Idaho's fastest-growing and most desirable markets. Don't miss your chance to acquire four modern, low-maintenance, income-producing properties in a prime Sandpoint location with long-term upside!
Location
State ID
County Bonner
Area North (Bonner & Boundary)
Zoning Residential
Direction Sandpoint, take n boyer. Left on Ebbett Way then Right on Irvine way. Turn L on Onyx way. look for sign
Rooms
Basement None
Interior
Interior Features High Speed Internet, Mini-Split A/C
Heating Electric, Heat Pump, Mini-Split
Exterior
Exterior Feature Open Patio, Rain Gutters, Fencing - Full
Garage Description 1 Car
Roof Type Composition
Building
Lot Description Level, Southern Exposure, Cul-De-Sac
Foundation Concrete Perimeter, Slab
Sewer Public Sewer
Water Public
Schools
School District Lk Pend Oreille - 84
Others
Tax ID RPS39600020070A,RPS39600020080A,RPS39600020090A,RP