$4,500,000
Post Falls, ID 83854
MLS# 25-1778
21918 sqft
1 / 26
Property Description
A rare opportunity awaits in the heart of Post Falls, Idaho, with this 22-unit condo development. Currently operated and managed as fully rented apartments, the property features four spacious 3-bedroom, 1-bath units and eighteen 2-bedroom, 1-bath units. All units can be sold individually per city guidelines, offering incredible flexibility for investors or developers. Recent updates include new roofs installed last year, and the buildings and grounds are impeccably maintained. Located on Spokane Street, residents enjoy easy access to waterfront parks, schools, restaurants, and quick connections to Interstate 90. Just 15 minutes from Coeur d'Alene and 30 minutes to downtown Spokane, this property is perfectly positioned for convenience and growth. Financials and proforma are available upon request. Opportunities like this don't come along often! Act now. Please do not disturb tenants. See document tab for all rent roles and county information. Financials available upon request.
Details
Maps
Documents
Contract Information
Status: Active
Listing Type: Multi Family
Area: 02 - Post Falls
Neighborhood Grid #: 158
Begin Date: 2025-03-03
List Price: $4,500,000
Short Sale: No
REO: No
General Property Description
Realtor.COM Type: Multi-Family
Number of Units: 22
2 BR units: 18
3 BR units: 4
Building Style: Multi Level
Basement: No
Garage Type: Attch
Garage Stall: 1 Car
Total SqFt.: 21918
ESTIMATED SqFt Source: Assessor
SqFt Per: Complex
Year Built: 1992
New Construction: No
Lot Acres: 1.14
Lot Type 1: Commercial
Legal and Taxes
Legal: ASPEN CONDOS, UNIT A & UNDIV INT IN COMMON AREA & TAX#26118 3451N05W, UNIT B **SEE DOCUMENTS EXHIBIT A FOR ENTIRE LEGAL
AIN/Tax Bill: SEE EXHIBIT A IN DOC
Parcel Number: PJ41600000AA, SEE DOCS FOR EXHIBIT A FOR REST
School District: Post Falls - 273
Zoning: R-3 HIGH DENS
Directions: From I-90 take exit 5. Turn left onto N Spokane Street. Follow to property.
Taxes: 23819.54
Tax Year: 2023
Taxes Reflect 1: No Exemptions
Subdivision: N/A
Remarks
Public Remarks: A rare opportunity awaits in the heart of Post Falls, Idaho, with this 22-unit condo development. Currently operated and managed as fully rented apartments, the property features four spacious 3-bedroom, 1-bath units and eighteen 2-bedroom, 1-bath units. All units can be sold individually per city guidelines, offering incredible flexibility for investors or developers. Recent updates include new roofs installed last year, and the buildings and grounds are impeccably maintained. Located on Spokane Street, residents enjoy easy access to waterfront parks, schools, restaurants, and quick connections to Interstate 90. Just 15 minutes from Coeur d'Alene and 30 minutes to downtown Spokane, this property is perfectly positioned for convenience and growth. Financials and proforma are available upon request. Opportunities like this don't come along often! Act now. Please do not disturb tenants. See document tab for all rent roles and county information. Financials available upon request.
Address
Street Number: 1800,1802,
Street Name: 1804, 1806, 1808, 1810 SPOKANE
Street Suffix: ST
State/Province: ID
Postal Code: 83854
County: Kootenai
Property Subject To
CC&Rs: Yes
Homeowners Assoc: No
LID: No
Non-Mtg Lien: No
Flood Zone: Unknown
Aircraft Flight Zone: Unknown
Fire Protection Dist: Yes
Fire Protection Name: Kootenai Fire & Resc
Miscellaneous
Sec: 34
Twn: 51N
Rng: 05
Rng Dir: WBM
Utilities Paid By
Cable: Tenant
Electric: Tenant
Garbage: Landlord
Sewer: Landlord
Water: Landlord
Property Features
View: Territorial
Lot Features: Level; Open
Interior Features: Cable Internet Available; Cable TV; Handicap Facility; Wall Unit(s)
Exterior Features: Covered Patio; Curbs; Handicap Access; Landscaping; Sidewalks
Fuel: Electric
Heating: Baseboard
Basement: None-Slab on Grade
Foundation: Concrete
Construction: Frame
Exterior: Lap Siding
Roof: Comp Shingle
Road: Paved; Public Maintained Road
Sewer: City Sewer
Terms Considered: 1031 Exchange; Cash; Conventional
Showing Instructions: Call List Agent
Aerial Map 
Listing Office: CENTURY 21 Beutler & Associates
Last Updated: March - 06 - 2025
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