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Description

The Abbey Court Residences comprise seven fully renovated homes, originally built in 1998 and situated across two parcels. Each home has been updated to a consistent modern standard, including new flooring, paint, baseboards, doors, lighting, and refreshed kitchens and bathrooms. In 2023, all units received new roofs, and HVAC systems were replaced or upgraded as needed. Additional improvements include enhanced irrigation, upgraded landscaping and fencing, paved overflow parking, and various exterior updates. Homes leased between spring and fall have consistently secured rents above $2,000. Just minutes from downtown Coeur d’Alene, with quick access to I-90 and located directly across from a major community park development, the property offers strong performance potential with low anticipated maintenance for future ownership.

Listing Details

  • Cap Rate

    6.25%

  • Tenancy

    Multi

  • Space Type

    Multifamily

  • Sub Category

    Single Family Rental Portfolio

  • Date Listed

    12/2/2025

  • Net Operating Income

    $125,031

  • Parking Info

    14 Spaces

Property Specifics

  • Property Name

    Abbey Court Residences | 5135-5165 N Abbey Ct

  • No of Buildings

    7

  • No of Stories

    1

  • No of Units

    7

  • Year Built

    1998

  • Building Size

    7,231 SF

  • Lot Size

    42,210 SF

  • Year Renovated

    2023