Listed at $599,000 | MLS# 25-10200 | 4 Beds • 2 Baths • 1,418 Sq Ft
A Rare Downtown CDA Investment Opportunity
If you’ve been searching for a versatile property near downtown Coeur d’Alene, this one stands out. I love how this home blends classic CDA character with modern updates—and it’s in one of the most convenient locations in town. Walk or bike to the lake, Tubbs Hill, the Centennial Trail, or your favorite coffee spot downtown.
Zoned C-17 & R-4, this 4-bedroom, 2-bath home offers incredible flexibility—perfect as a primary residence, short- or long-term rental, or live/work setup. Currently, the home’s individual rooms are being rented on a monthly basis, bringing in $3,500 per month in rental income with room to grow.
The property also includes a detached office or guest suite, making it ideal for a small business, remote workspace, or additional rental potential. With alley access and room to add a shop or ADU, it’s a smart long-term investment in the heart of North Idaho’s most sought-after city.
Property Overview
This remodeled home offers a bright, functional layout and updates throughout—plus flexible zoning that supports both residential and commercial use.
Recent improvements include:
- Updated kitchen with modern finishes and appliances
- New laundry room and back deck/patio
- Detached office or MIL quarters
- Durable laminate and LVP flooring throughout
- Spacious backyard with alley access
Strong current cash flow, plus the potential for future redevelopment or conversion into a duplex, live/work property, or boutique rental.
Property Details
| Property Type | Single Family Home |
| MLS# | 25-10200 |
| Bedrooms | 4 |
| Bathrooms | 2 |
| Living Area | 1,418 sq. ft. |
| Year Built | 1950 |
| Subdivision | Sherman Add to Cd’A |
| Lot Size | 0.22 acres (approx. 9,583 sq. ft.) |
| Zoning | C-17 & R-4 (Mixed Residential/Commercial) |
| Style | Daylight, Single Level |
| Flooring | Laminate, LVP |
| Appliances | Electric Range, Refrigerator, Microwave, Dishwasher |
| Heating | Fireplace(s), Electric, Wood, Baseboard |
| Utilities | Public Water & Sewer |
| Exterior Features | Lawn, Level Lot, Open Landscape |
| View | City & Mountain Neighborhood Views |
| School District | CDA 271 |
Highlights
- Zoned for residential, commercial, or mixed use
- Currently producing $3,500/month in rental income
- Detached office/guest unit for home business or extended stays
- Spacious fenced backyard with alley access
- Fully updated and move-in ready
- Blocks from downtown, Tubbs Hill, and Lake CDA
Location
1215 N 1st Street, Coeur d’Alene, ID 83814
A prime downtown location just minutes from the waterfront, restaurants, and shopping—this property offers both lifestyle and income in one of North Idaho’s most dynamic areas.
Listed By
Erika Solberg, REALTOR®
The Agency Coeur d’Alene
Licensed in Idaho SP49218
