$3,999,000
Post Falls, ID 83854
MLS# 25-1778
Status: Closed
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
Neighborhood Grid #: 158
Short Sale: No
REO: No
Financing: Cash
Status: Closed
Listing Type: Multi Family
Area: 02 - Post Falls
Sold Date: 2025-09-09
Begin Date: 2025-03-03
List Price: $3,999,000
Under Contract Date: 2025-07-08
General Property Description
Building Style: Multi Level
Realtor.COM Type: Multi-Family
Lot Acres: 1.14
Basement: No
Lot Type 1: Commercial
Total SqFt.: 21918
New Construction: No
ESTIMATED SqFt Source: Assessor
Garage Type: Attch
Garage Stall: 1 Car
2 BR units: 18
3 BR units: 4
SqFt Per: Complex
Number of Units: 22
Year Built: 1992
Legal and Taxes
AIN/Tax Bill: SEE EXHIBIT A IN DOC
Taxes: 23819.54
Zoning: R-3 HIGH DENS
Tax Year: 2023
Taxes Reflect 1: No Exemptions
Legal: ASPEN CONDOS, UNIT A & UNDIV INT IN COMMON AREA & TAX#26118 3451N05W, UNIT B **SEE DOCUMENTS EXHIBIT A FOR ENTIRE LEGAL
Parcel Number: PJ41600000AA, SEE DOCS FOR EXHIBIT A FOR REST
School District: Post Falls - 273
Directions: From I-90 take exit 5. Turn left onto N Spokane Street. Follow to property.
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.
Property Subject To
CC&Rs: Yes
Homeowners Assoc: No
Non-Mtg Lien: No
LID: No
Flood Zone: Unknown
Aircraft Flight Zone: Unknown
Fire Protection Dist: Yes
Fire Protection Name: Kootenai Fire & Resc
Paid By Owner
Sewer: 1
Trash Collection: 1
Water: 1
View
Territorial: 1
Paid By Tenant
Cable TV: 1
Electricity: 1
Lot Features
Landscaped: 1
Level: 1
Open Lot: 1
Interior Features
Cable Internet Available: 1
Cable TV: 1
Handicap Facility: 1
Wall Unit(s): 1
Exterior Features
Covered Patio: 1
Curbs: 1
Handicap Access: 1
Sidewalks: 1
Terms Considered
1031 Exchange: 1
Cash: 1
Conventional: 1
Road
Paved: 1
Public Maintained Road: 1
Showing Instructions
Call List Agent: 1
Water
City: 1
Sewer
Public Sewer: 1
Fuel
Electric: 1
Heating
Baseboard: 1
Basement
None-Slab on Grade: 1
Foundation
Concrete: 1
Construction
Frame: 1
Exterior
Lap Siding: 1
Roof
Comp Shingle: 1
Address
Street Number: 1800,1802,
Street Name: 1804, 1806, 1808, 1810 SPOKANE
Street Suffix: ST
State/Province: ID
Postal Code: 83854
County: Kootenai
Property Features
Paid By Owner: Sewer; Trash Collection; Water
Paid By Tenant: Cable TV; Electricity
View: Territorial
Lot Features: Landscaped; Level; Open Lot
Interior Features: Cable Internet Available; Cable TV; Handicap Facility; Wall Unit(s)
Exterior Features: Covered Patio; Curbs; Handicap Access; 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: Public Sewer
Terms Considered: 1031 Exchange; Cash; Conventional
Showing Instructions: Call List Agent
Aerial Map 
Listing Office: CENTURY 21 Beutler & Associates
Last Updated: September - 09 - 2025
Information displayed on this website on listings other than those of the website owner is displayed with permission of the Coeur d'Alene MLS and Broker/Participants of the Coeur d'Alene MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.