$1,125,000
Coeur d'Alene, ID 83814
MLS# 25-6221
3 beds | 1.5 baths | 2162 sqft
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Property Description
INVESTOR AND DEVELOPER ALERT! This corner property is in the historic downtown sector of Coeur d'Alene within the renowned Garden District. TWO LOTS ZONED R-17 / INFILL DISTRICT which feature .20 total acres. Build brand new multifamily condo units or apartments. City Planning Department would allow for a three (3) floor multifamily dwelling w/ 45' maximum roof height. Unit count is determined by Floor-Area-Ratio (FAR). Calculus: 8,712 sq ft lot area x 2 = 17,424 sq ft. Imagine doing four (4) units per floor @ 1,400 sq ft per unit... that's 12 total units! No CC&R's or HOA's. Bring your vision and skillset to create new stylized development mere blocks away from the pulse of Sherman Ave, CdA Resort & Marina, Tubbs Hill, City Park, Independance Point, shopping, cafes, restaurants... all within short walking distance down streets lined with old growth trees. Existing 3 BR / 1.5 BA / 2,834 Sq Ft home cash flows excellent rent roll. Don't hesitate to capitalize on this opportunity!
Details
Maps
Documents
Contract Information
Status: Active
Listing Type: Site Built < 2 Acre
Income Producing: Yes
Area: 01 - Cd'A Urban/Dalton
Neighborhood Grid #: 104
Begin Date: 2025-06-16
List Price: $1,125,000
Short Sale: No
REO: No
General Property Description
Realtor.COM Type: Residential - Single Family
Building Style: Multi-Level
Basement: Yes
Garage Type: Det Garage
Garage Stall: 1 Car
Total Bedrooms: 3
Total Bathrooms: 1.5
Total SqFt.: 2162
SqFt Source: Assessor
Lot Acres: 0.2
Year Built: 1916
New Construction: No
Lot Type 1: Duplex/Multi
Legal and Taxes
Legal: BLACKWELL PARK ADD, LT 5 & 6 BLK 2 1350N04W
AIN/Tax Bill: 105059
Parcel Number: C0765002005A
School District: CDA - 271
Zoning: CDA R-17
Taxes: 3205.74
Tax Year: 2024
Taxes Reflect 1: No Exemptions
Subdivision: N/A
Directions: Downtown CdA Garden District. Take N Government Way, go South of Foster and then North of E Garden Ave.
Remarks
Public Remarks: INVESTOR AND DEVELOPER ALERT! This corner property is in the historic downtown sector of Coeur d'Alene within the renowned Garden District. TWO LOTS ZONED R-17 / INFILL DISTRICT which feature .20 total acres. Build brand new multifamily condo units or apartments. City Planning Department would allow for a three (3) floor multifamily dwelling w/ 45' maximum roof height. Unit count is determined by Floor-Area-Ratio (FAR). Calculus: 8,712 sq ft lot area x 2 = 17,424 sq ft. Imagine doing four (4) units per floor @ 1,400 sq ft per unit... that's 12 total units! No CC&R's or HOA's. Bring your vision and skillset to create new stylized development mere blocks away from the pulse of Sherman Ave, CdA Resort & Marina, Tubbs Hill, City Park, Independance Point, shopping, cafes, restaurants... all within short walking distance down streets lined with old growth trees. Existing 3 BR / 1.5 BA / 2,834 Sq Ft home cash flows excellent rent roll. Don't hesitate to capitalize on this opportunity!
Address Information
Street Number: 602
Street Direction Pfx: N
Street Name: GOVERNMENT
Street Suffix: WAY
State/Province: ID
Postal Code: 83814
County: Kootenai
Property Subject to
CC&Rs: No
Homeowners Assoc: None
LID: No
Non-Mtg Lien: None
Flood Zone: No
Aircraft Flight Zone: No
Fire Protection Dist: Yes
Fire Protection Name: CDA
Miscellaneous
Sec: 13
Twn: 50
Rng: 4
Rng Dir: WBM
Rooms per Level
1st Fl Living Rm: 1
1st Fl Dining Room: 1
1st Fl Kitchen: 1
1st Fl Fam/Gr Rm: 1
1st Fl Bdrm(s): 2
1st Fl Bath: 1
2nd Fl Bdrm(s): 1
2nd Fl Bath: 1
Property Features
View: Neighborhood
Lot Features: Corner Lot; Level; Open
Interior Features: Cable Internet Available; Central Air; Fireplace
Exterior Features: Covered Patio; Covered Porch; Curbs; Landscaping; Lawn; Paved Parking; Sidewalks; Sprinkler System - Front
Common Walls: No Common Walls
Appliances: Dishwasher; Disposal; Range/Oven - Elec; Refrigerator; Gas Water Heater
Kitchen Amenities: Kitchen Peninsula
Fuel: Gas; Wood
Heating: Cadet; Fireplace; Forced Air
Basement: Unfinished; Cellar
Foundation: Brick/Mortar; Concrete; Pier Block
Construction: Frame
Exterior: Lap Siding
Flooring: Carpet; Vinyl
Roof: Shake; Wood Shingle
Road: Paved; Public Maintained Road
Sewer: City Sewer
Terms Considered: 1031 Exchange; Cash; Conventional; Seller Financing
Showing Instructions: ShowingTime Online
Title 17 Zoning 
Listing Office: Kelly Right Real Estate
Last Updated: June - 18 - 2025
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