The Milbery Apartments

For Sale

503 N 2nd St, Coeur D'alene, ID 83814

This Coeur D'alene property for sale is located at 503 N 2nd St. The current listed sale price for The Milbery Apartments is $1,600,000.

Contacts

broker
Benjamin Widmyer

Widmyer Corporation

Property Details

  • Property Type Multi-Family
  • Property Size 4,736 SF
  • Units 8
  • Date Updated May 4, 2025
Location Highlights: o Prime downtown Coeur d’Alene location o Close proximity to Sherman Ave and the vibrant city center o Scenic views of Coeur d’Alene Lake and surrounding mountains o Convenient access to nearby parks and recreation areas o Walking distance to dining, shopping, and entertainment o Easy access to major roads and highways o Proximity to Coeur d’Alene Resort and its amenities o Well-established neighborhood surrounded by future upscale developmentsThe Milbery Apartments is a one-of-a-kind Coeur d’Alene gem. Every inch of this property was thoughtfully renovated over 24 months, with all major systems and capital expenditure items being addressed during renovations. Located in the direct path of progress and boasting a strong rental history, this property is positioned to be a long-term, attractive, cash-flowing asset. Each unit is individually metered for electricity, leaving water, sewer, and trash as the only utility responsibilities of the owner. New ownership will inherit a turnkey building, renovated with premium materials and requiring very little future maintenance.
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Highlights

  • Ability to AirBnb one of the units (historically achieved over $2,000/month)
  • All windows replaced, updated plumbing and electrical throughout
  • Front and back door access
  • High-end cosmetic upgrades
  • Laundry room
  • Meticulously renovated with high-end finishes
  • New exterior paint and landscaping
  • Outdoor space for seating
  • Over $400k in capital improvements in past 24 months
  • Over 1:1 ratio of off-street parking
  • Property Highlights:
  • Secure private entry
  • Turnkey property with great rental history
  • Unit/Community Amenities:
  • Updated plumbing and heating units

Getting around

  • 85/100

    Walk Score ®

  • 88/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Coeur D'alene, ID
  • Zip Code 83814
  • Market Spokane

Points of Interest

  • Spirit

    0.43 miles

  • Pacific Pride

    0.68 miles

  • Exxon

    0.96 miles

  • Conoco

    1.22 miles

  • Mobil

    1.23 miles

  • Chevron

    1.26 miles

  • 76

    1.26 miles

  • A&D

    1.63 miles

  • Tesla Supercharger

    2.25 miles

  • Public Parking

    0.18 miles

  • Independence Point

    0.26 miles

  • Parking Lot A

    0.57 miles

  • Parking Lot C

    0.60 miles

  • Parking Lot B

    0.62 miles

  • Parking Lot D

    0.64 miles

  • Fernan Lake Natural Area Parking

    1.76 miles

  • Nettleton Gulch Parking Area

    3.84 miles

  • Triple Play Overflow Lot

    5.40 miles

  • Higgens Point

    5.54 miles

  • Roosevelt Inn

    0.04 miles

  • Greenbriar Inn

    0.12 miles

  • Coeur d'Alene Resort

    0.34 miles

  • Resort City Inn

    0.40 miles

  • Flamingo Motel

    0.47 miles

  • Blackwell Hotel

    0.54 miles

  • North Idaho Inn

    0.85 miles

  • Budget Saver Motel

    0.98 miles

  • El Rancho Motel

    1.21 miles

  • The Lighthouse Motel

    1.31 miles

  • Coeur d'Alene Shops

    0.28 miles

  • Sherman Mall

    0.32 miles

  • Safeway

    0.45 miles

  • Gittel's Grocery

    0.66 miles

  • Pilgrim's Market

    0.76 miles

  • Lakeside Harvest Foods

    0.78 miles

  • Jordan's Grocery

    1.02 miles

  • US Foods Chef Store

    1.58 miles

  • Big Lots

    1.71 miles

  • Grocery Outlet

    2.03 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Benjamin Widmyer

Widmyer Corporation

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