$415,000
St. Maries, ID 83861
MLS# 25-8522
Status: Pending
2880 sqft
1 / 54
Property Description
Currently operating at a 7%+ cap rate, here is a fantastic investment opportunity in the heart of St. Maries, Idaho! This 4-plex offers steady income with an excellent occupancy rate and a strong rental history. Each of the four units is approximately 720 sq ft and features a functional 2-bedroom, 1-bath layout, complete with a range/oven, refrigerator, and in-unit laundry. Tenants love the peaceful setting—enjoy the tranquil sound of a seasonal stream that runs adjacent to the east side of the property, and local wildlife like deer, best appreciated from the covered deck or patio. Each unit has private entrances and access to a large shared yard, plus off-street parking. Located minutes from downtown, schools, shopping, and recreation on the St. Joe River, this low-maintenance multi-family property is ideal for investors, with potential for improved rental performance in several of the units.
Details
Maps
Contract Information
Status: Pending
Listing Type: Multi Family
Area: 14 - Benewah
Neighborhood Grid #: 600
Begin Date: 2025-08-16
List Price: $415,000
Under Contract Date: 2025-08-22
Short Sale: No
REO: No
General Property Description
Realtor.COM Type: Multi-Family
Number of Units: 4
2 BR units: 4
Building Style: Multi Level
Basement: No
Garage Stall: None
Total SqFt.: 2880
ESTIMATED SqFt Source: Assessor
SqFt Per: Bldg
Year Built: 1973
New Construction: No
Lot Acres: 0.23
Lot Type 1: Duplex/Multi
Legal and Taxes
Legal: THIRD WEST ADDITION SUPP LOTS 1 & 2 BLK 22 & PT VAC ALLEY
AIN/Tax Bill: N/A
Parcel Number: RPA01902200010
School District: St Maries JT - 41
Zoning: Multi Family
Directions: S on Washington St from Main Ave/Hwy 5. Left on Jefferson Ave. Destination is on the right.
Taxes: 3885.76
Tax Year: 2024
Taxes Reflect 1: No Exemptions
Subdivision: Third West
Remarks
Public Remarks: Currently operating at a 7%+ cap rate, here is a fantastic investment opportunity in the heart of St. Maries, Idaho! This 4-plex offers steady income with an excellent occupancy rate and a strong rental history. Each of the four units is approximately 720 sq ft and features a functional 2-bedroom, 1-bath layout, complete with a range/oven, refrigerator, and in-unit laundry. Tenants love the peaceful setting—enjoy the tranquil sound of a seasonal stream that runs adjacent to the east side of the property, and local wildlife like deer, best appreciated from the covered deck or patio. Each unit has private entrances and access to a large shared yard, plus off-street parking. Located minutes from downtown, schools, shopping, and recreation on the St. Joe River, this low-maintenance multi-family property is ideal for investors, with potential for improved rental performance in several of the units.
Address
Street Number: 1510
Street Name: Jefferson
Street Suffix: Ave
State/Province: ID
Postal Code: 83861
County: Benewah
Property Subject To
CC&Rs: No
Homeowners Assoc: No
LID: No
Non-Mtg Lien: No
Flood Zone: No
Aircraft Flight Zone: Unknown
Fire Protection Dist: Unknown
Miscellaneous
Sec: 22
Twn: 46
Rng: 2
Rng Dir: WBM
Personal Property Included
Inclusions: Major Appliances
Property Features
Paid By Owner: Sewer; Trash Collection; Water
Paid By Tenant: Cable TV; Electricity
View: Mountain(s); Territorial
Lot Features: Level; Sloped; Southern Exposure; Wooded
Exterior Features: Covered Deck; Open Deck; Patio
Fuel: Electric
Heating: Baseboard
Basement: None
Foundation: Concrete
Construction: Frame
Exterior: Lap Siding
Roof: Comp Shingle
Road: Paved; Public Maintained Road
Sewer: Public Sewer
Terms Considered: 1031 Exchange; Cash; Conventional; FHA
Showing Instructions: Combination Lock Box; ShowingTime Online
Listing Office: Keller Williams Realty Coeur d'Alene
Last Updated: August - 22 - 2025
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