6276 W Maine St - Storefront Retail/Residential FOR SALE


Spirit Lake, ID 83869
$634,500 USD
208-660-5785
6276 W Maine St, Spirit Lake, ID for Sale
$634,500 USD
Storefront Retail/Residential - FOR SALE
1/5
null | 6.66% Cap Rate

6276 W Maine St
Spirit Lake, ID 83869


HIGHLIGHTS

  • Strong returns: $42,000 annual income ($3,500/month) with a 6.2% gross cap rate.
  • Immediate upside: Below-market rents offer clear value-add potential.
  • Turnkey operation: Fully occupied with stable tenants and low turnover.
  • Mixed-use stability: Diversified income from 1 commercial + 3 residential units.
  • Updated systems: Recent roof and exterior paint.
  • Prime location: On Maine Street, just a block from Spirit Lake.

OVERVIEW

Prime 4-unit (1 commercial 3 apartments) investment property in Spirit Lake generating $42,000 annually ($3,500/month) at a strong cap rate with immediate value-add potential through below-market rents. This well-maintained 3,600 sq ft multifamily with ground floor commercial space features updated roof and paint, stable tenants, separate utilities, great location on Maine Street, just a block to the lake, and perfectly positioned as a gateway to North Idaho. Potential opportunity with any building update grants through National Historic Register. Current rents are below market rates, providing additional annual income potential. Turnkey investment ready to transfer - all units occupied with low turnover in North Idaho's high-demand rental market!

FOR SALE DETAILS

PRICE

$634,500 USD

PRICE/SF

$176 USD /SF

CAP RATE

6.66%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

-

APN/PARCEL ID

S45000170120

ASK ABOUT THIS PROPERTY

Thomas BarnhartKeller Williams Realty Coeur d'AleneMore Info
208-660-5785

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Thomas BarnhartKeller Williams Realty Coeur d'AleneMore Info
208-660-5785

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