3834 E 3rd Ave - Apartments FOR SALE


Post Falls, ID 83854
$4,375,000 USD
509-496-6922
3834 E 3rd Ave, Post Falls, ID for Sale
$4,375,000 USD
Apartments - FOR SALE
1/13
null | 6.03% Cap Rate

3834 E 3rd Ave
Post Falls, ID 83854


HIGHLIGHTS

  • The property has maintained 100% occupancy since the start of 2020, demonstrating strong tenant demand.
  • Desirable Unit Mix and Layout – The property consists of six duplexes and one single family residence.
  • Barrier Free Design – Features one level, side by side homes with no adjoining walls, no stairs or steps.
  • Attractive Resident Amenities – Units feature in-unit washers and dryers, vaulted ceilings, fenced yards with covered patios and covered front entries
  • Low Maintenance – Successfully self managed with minimal owner involvement, requiring only monthly visit.

OVERVIEW

SVN Cornerstone is pleased to present Ridgewood Gardens for sale, a 13 unit duplex and single family home community located at 3834 E 3rd Ave in Post Falls, Idaho. The property consists of 8 2bed/2bath units and 5 1bed/1bath units, featuring one level, side by side homes with numerous desirable resident amenities. Ideally located in the heart of Post Falls, Ridgewood Gardens offers convenient access to shopping, dining, healthcare, employment centers, and outdoor recreation, while providing quick connectivity to both Coeur d'Alene and Spokane via I-90. Kootenai County continues to experience strong population growth of about 1.81% annually in 2026, significantly outpacing the national average, making it one of the nation's fastest growing areas.

FOR SALE DETAILS

PRICE

$4,375,000 USD

PRICE/SF

$276 USD /SF

# OF UNITS

13

PRICE/UNIT

$336,538

CAP RATE

6.03%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ridgewood Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

-

APN/PARCEL ID

P1650000002A

ASK ABOUT THIS PROPERTY

Jordan Lester, CCIM, MBASVN | CornerstoneMore Info
509-496-6922

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Jordan Lester, CCIM, MBASVN | CornerstoneMore Info
509-496-6922

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.