The Milbery Apartments

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

  • For Sale $1,600,000
  • Property Type Multi-Family
  • Property Size 4,736 SF
  • Units 8
  • Date Updated Mar 22, 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

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

Contacts

broker
Benjamin Widmyer

Widmyer Corporation

Location

Getting Around

  • Walk Score ®

    85/100 Very Walkable

  • Bike Score ®

    88/100 Very Bikeable
Powered by Walk Score ®
  • 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

  • Franklin's Hoagies

    0.14 miles

  • Seasons Fresh Grill

    0.17 miles

  • The Wellness Bar

    0.18 miles

  • The Olympia

    0.19 miles

  • China Inn Restaurant

    0.19 miles

  • Toro Viejo

    0.19 miles

  • Takara

    0.19 miles

  • Shiki Sushi Bar & Japanese Grill

    0.23 miles

  • Hudson’s Hamburgers

    0.23 miles

  • Paul Bunyan Restaurant

    0.23 miles

  • Stepping Stones Learning Center

    0.31 miles

  • Sorenson Magnet School of the Arts and Humanities

    0.53 miles

  • North Idaho College

    0.57 miles

  • Lewis-Clark State College

    0.73 miles

  • Bryan Elementary School

    0.74 miles

  • Harding Center

    0.88 miles

  • Lakes Middle School

    0.92 miles

  • Winton Elementary School

    1.01 miles

  • Coeur d'Alene Pre-School Center

    1.02 miles

  • Project CDA

    1.02 miles

  • Discovery Christian Dayschool

    0.09 miles

  • Coeur d'Alene Learning Center

    0.16 miles

  • Aunt Stephanie’s Child Care

    0.36 miles

  • Kinder-Magic

    0.38 miles

  • Keet Sweet Preschool

    0.80 miles

  • Kootenai Kids Childhood Development Center

    1.14 miles

  • Starting Small Childcare

    1.44 miles

  • Academy By The Lake

    1.56 miles

  • Coeur d' Alene Montessori Preschool

    3.37 miles

  • The Jungle Gym

    3.53 miles

Frequently Asked Questions

How much does The Milbery Apartments cost?

The space currently listed for sale at The Milbery Apartments asks for $1,600,000.

What is the total square footage of The Milbery Apartments?

The Milbery Apartments totals 4,736 square feet.

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Contact Listing Broker
broker
Benjamin Widmyer

Widmyer Corporation

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