$1,600,000
Coeur d'Alene, ID 83814
MLS# 25-4329
4736 sqft
1 / 16
Property Description
The Milbery Apartments is a one-of-a-kind Coeur d'Alene gem. Every inch of this property was thoughtfully renovated over 24 months, with all major systems and capital expenditure items being addressed during renovations. Located in the direct path of progress and boasting a strong rental history, this property is positioned to be a long-term, attractive, cash-flowing asset. Each unit is individually metered for electricity, leaving water, sewer, and trash as the only utility responsibilities of the owner. New ownership will inherit a turnkey building, renovated with premium materials and requiring very little future maintenance.
Details
Maps
Contract Information
Status: Active
Listing Type: Multi Family
Area: 01 - Cd'A Urban/Dalton
Neighborhood Grid #: 104
Begin Date: 2025-05-04
List Price: $1,600,000
Short Sale: No
REO: No
General Property Description
Realtor.COM Type: Multi-Family
Number of Units: 8
Building Style: Multi Level
Basement: No
Garage Stall: None
Total SqFt.: 4736
ESTIMATED SqFt Source: Assessor
SqFt Per: Complex
Year Built: 1949
New Construction: No
Lot Acres: 0.12
Lot Type 1: Commercial
Legal and Taxes
Legal: CDA & KINGS ADD, LT 12 EX RR RW BLK 15 1350N04W
AIN/Tax Bill: 175064
Parcel Number: C1800015012A
School District: CDA - 271
Zoning: DC
Directions: 2nd Street to Wallace. Corner of Wallace and 2nd in CdA
Taxes: 5168.76
Tax Year: 2024
Taxes Reflect 1: No Exemptions
Subdivision: N/A
Remarks
Public Remarks: The Milbery Apartments is a one-of-a-kind Coeur d'Alene gem. Every inch of this property
was thoughtfully renovated over 24 months, with all major systems and capital expenditure
items being addressed during renovations. Located in the direct path of progress and boasting
a strong rental history, this property is positioned to be a long-term, attractive, cash-flowing
asset. Each unit is individually metered for electricity, leaving water, sewer, and trash as the only
utility responsibilities of the owner. New ownership will inherit a turnkey building, renovated
with premium materials and requiring very little future maintenance.
Address
Street Number: 503
Street Direction Pfx: N
Street Name: 2ND
Street Suffix: ST
State/Province: ID
Postal Code: 83814
County: Kootenai
Property Subject To
CC&Rs: No
Homeowners Assoc: No
LID: No
Non-Mtg Lien: No
Flood Zone: No
Aircraft Flight Zone: No
Fire Protection Dist: Yes
Miscellaneous
Sec: 13
Twn: 4
Rng: 4
Rng Dir: WBM
Property Features
Lot Features: Level
Fuel: Electric
Heating: Cadet
Basement: None-Crawl Space
Foundation: Concrete
Construction: Frame
Exterior: Wood
Roof: Comp Shingle
Road: Paved
Sewer: City Sewer
Terms Considered: 1031 Exchange; Cash; Conventional
Listing Office: Widmyer Corporation
Last Updated: May - 06 - 2025
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