$645,000
Spirit Lake, ID 83869
MLS# 25-10264
4325 sqft
1 / 6
Property Description
Prime 4-unit mixed-use investment property on Spirit Lake's Historic Main Street featuring 1 ground-floor commercial space and 3 residential apartments. Strong cap rate with immediate value-add potential through below-market rents. Recent updates include newer roof and fresh paint. Separate utilities minimize owner expenses. All units currently occupied with proven low turnover in North Idaho's consistently strong rental market. Exceptional location just one block from the lake positions this as a gateway to North Idaho's recreational paradise. The commercial space offers high-visibility Maine Street presence..
Details
Maps
Contract Information
Status: Active
Listing Type: Multi Family
Area: 05 - NW Kootenai Co
Neighborhood Grid #: 180
Begin Date: 2025-10-13
List Price: $645,000
Short Sale: No
REO: No
General Property Description
Realtor.COM Type: Multi-Family
Number of Units: 4
1 BR units: 2
2 BR units: 2
Building Style: Multi Level
Basement: Yes
Garage Stall: None
Total SqFt.: 4325
SqFt. B: 325
SqFt. 1: 2000
SqFt. 2: 2000
ESTIMATED SqFt Source: Assessor
SqFt Per: Bldg
Year Built: 1905
New Construction: No
Lot Acres: 0.08
Lot Type 1: Commercial
Legal and Taxes
Legal: SPIRIT LAKE, LT 5 BLK 17 Section 05 Township 53N Range 04W
AIN/Tax Bill: 122854
Parcel Number: S45000170050
School District: Lakeland - 272
Zoning: COM
Directions: North on Hwy 41, turn left onto W Maine St, property is on the left.
Taxes: 2380
Tax Year: 2024
Taxes Reflect 1: No Exemptions
Subdivision: Spirit Lake
Remarks
Public Remarks: Prime 4-unit mixed-use investment property on Spirit Lake's Historic Main Street featuring 1 ground-floor commercial space and 3 residential apartments. Strong cap rate with immediate value-add potential through below-market rents. Recent updates include newer roof and fresh paint. Separate utilities minimize owner expenses. All units currently occupied with proven low turnover in North Idaho's consistently strong rental market. Exceptional location just one block from the lake positions this as a gateway to North Idaho's recreational paradise. The commercial space offers high-visibility Maine Street presence..
Address
Street Number: 6236
Street Direction Pfx: W
Street Name: MAINE
Street Suffix: ST
State/Province: ID
Postal Code: 83869
County: Kootenai
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: Yes
Miscellaneous
Sec: 5
Twn: 53
Rng: 04
Rng Dir: WBM
Property Features
View: Territorial
Lot Features: Level; Open Lot
Interior Features: Cable TV
Exterior Features: Curbs; Sidewalks
Fuel: Electric
Heating: Baseboard
Bsmt: Part Size
Basement: Cellar
Foundation: Concrete
Construction: Block; Brick
Exterior: Cement Block
Roof: Rolled Rubber; Tar
Road: Paved; Public Maintained Road
Sewer: Public Sewer
Terms Considered: Cash; Conventional
Listing Office: Keller Williams Realty Coeur d'Alene
Last Updated: December - 02 - 2025
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