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About This Home
This 6-bedroom, 0-bathroom residential multi family at 6236 W MAINE St in Spirit Lake, ID is listed for $640,000 ($148 per sqft). Built in 1905, the home offers 4,325 sqft of living space on a 0.08 acres lot.
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..
Key Features
- Built in 1905
- 0.08 acre lot
Property Details
Amenities
Monthly Cost Estimate
$3,423/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
6236 W MAINE St
Spirit Lake, ID 83869
Property Details
Construction
Views
Heating
Questions & Answers
This 6-bedroom, 0-bathroom residential multi family at 6236 W MAINE St is listed at $640,000 ($148/sqft). The estimated monthly payment is $2,773 based on 20% down at 6.5% interest.
Key features include: Built in 1905, 0.08 acre lot.
This property is listed by Thomas J Barnhart and can be reached at 2086605785 or tjbteam@gmail.com.
