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1611 E MONTANA AVE, 
Coeur D'Alene, ID 83814

$1,350,000

Last List Price

Bed


Bath


5,220

Sq Ft


Multi-Family

Sold

Listed by

Michelle Rene

Windermere/Coeur D'Alene Realty Inc

208-664-9221

MLS#

24-1651

Source:

ID CDAR

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About This Home

1611 E MONTANA AVE

DISCOVER A MULTI-FAMILY GEM IN PRIME LOCATION OF COEUR D'ALENE WITH THIS CHARMING 5-PLEX PROPERTY. This investment opportunity boasts stable and consistent rental income, making it an attractive option for savvy investors. Nestled in a delightful neighborhood, the property offers proximity to breathtaking Lake Coeur d'Alene, downtown attractions, and various recreational opportunities, providing tenants with a lifestyle that seamlessly blends nature and convenience. All five units feature an identical layout for ease of management. Downstairs, each unit includes a well-appointed kitchen, dining area, convenient half-bath, in-unit laundry hook-ups, and a comfortable living room with a slider that opens to a private backyard patio. Upstairs, tenants enjoy two spacious bedrooms, a full bathroom, and ample storage in the hallway linen closet. Each tenant benefits from two designated parking spaces—one carport spot with an attached storage closet and one open spot in the parking lot. The property also presents additional income potential with a side portion of the lot on 16th street, suitable for RV parking or other income-generating uses. The well-maintained grounds feature a spacious open common area in the front yard, mature trees, sprinklers in both front and back yards, and a large storage closet for the owners. Coeur d'Alene's real estate market has demonstrated resilience and growth, positioning this property as a smart investment with the potential for appreciation over time. Seize the opportunity to meet the strong demand for quality rental properties in the area. AGENTS: refer to private notes and Documents tab for additional property details. Don't miss out on this chance to invest in a property that combines location, stability, and growth potential.

Home Facts

Multi-Family

Built in 1981

Price Summary

1,350,000

$258 per Sq. Ft.

MLS #:

24-1651

Sold:

May 31, 2024


Rooms & Interior

Interior

Living Area:

5,220 Sq. Ft.


Structure

Structure

Architectural Style:

Multi Level

Building Area:

5,220 Sq. Ft.

Year Built:

1981


Lot

Lot Size (Sq. Ft):

18,730


Finances & Disclosures

Finances

Price:

$1,350,000

Price per Sq. Ft:

$258 per Sq. Ft.

Source:ID CDAR
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