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$ 1,800,000
Est. payment | /mo
4,599 SqFt
$ 1,800,000
Est. payment | /mo
4,599 SqFt
Key Details
Property Type Multi-Family
Sub Type Multifamily
Listing Status Active
Purchase Type For Sale
Square Footage 4,599 sqft
Price per Sqft $391
MLS Listing ID 20251335
Year Built 2025
Annual Tax Amount $246
Tax Year 2025
Lot Size 10,018 Sqft
Property Sub-Type Multifamily
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 1-Sandpoint
Multi-Unit Info
Total Units 4
Interior
Flooring Laminate
Exterior
Roof Type Composition
Building
Lot Description Please remove shoes. floorplan in associated docs. buyer and buyers agent to verify all info
Foundation Concrete
Water Public
Schools
Elementary Schools Farmin/Stidwell
Middle Schools Sandpoint
High Schools Sandpoint
School District W Bonner Co.
Listed by Professional Realty Services I