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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32268272
32269414

1818 7th Avenue, Lewiston, ID 83501 For Sale

$419,500
76 days on market
Updated 60 days ago
Opportunity zone

1818 7th Avenue

Details
Property Type Multifamily
Sub Type Student Housing, Single Family Rental Portfolio
Square Footage 2,314
Units 3
Beds 6
Cap Rate 6.61%
NOI $32,701
Tenancy Vacant
Pro-Forma Cap Rate 6.61%
Pro-Forma NOI $32,701
Year Built 1927
Year Renovated 2026
Acreage 0.160
Zoning R-4 higher density residential zone
Parking Spaces 3
Investment Type Value Add

Multifamily | 6.61% CAP | 2 Move-In Ready Units | Potential Value-Add 3rd Unit

Marketing description

Rare find in the Quad Cities, this property can flex to accommodate a variety of investment or owner-occupied options. Owner-occupied, with an opportunity to rent the second unit, a move-in-ready duplex, and the potential to expand living space or develop a third separate living space. The property has been completely refurbished, including a new 50-year metal roof, kitchen updates with appliances, new vinyl flooring throughout, updated light fixtures, new furnace, interior paint, exterior paint, and new vinyl windows. Each unit has separate exterior entrances with ample driveaway and on-street parking. Currently vacant to accommodate showings. Profit and loss pro forma available for more information on historic costs and expected rents, considering all recent renovations and updates. Basement has potential for 3rd unit to include 2 bed and 1-2 baths.

Investment highlights

  • Single Family Multi-Generational Living
  • Duplex - Dual Income Stream
  • Owner Occupied - Income Generating
  • Potential Third Unit

Listing Contacts

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$32,701.00
$2,725.08/mo

Valuation Metrics

0
DSCR
7.8%
Cap Rate
7.8%
ROI

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Additional Information

Name
Jen Pfiffner
License
SP57513
Brokerage
Moscow Realty
Title
Broker of Record
Brokerage Address
201 E Third Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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