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602 N GOVERNMENT WAY Coeur d’Alene

$1,125,000

0.2 acres

3 beds

INVESTOR AND DEVELOPER ALERT! This corner property is in the historic downtown sector of Coeur d’Alene within the renowned Garden District. TWO LOTS ZONED R-17 / INFILL DISTRICT which feature .20 total acres. Build brand new multifamily condo units or apartments. City Planning Department would allow for a three (3) floor multifamily dwelling w/ 45′ maximum roof height. Unit count is determined by Floor-Area-Ratio (FAR). Calculus: 8,712 sq ft lot area x 2 = 17,424 sq ft. Imagine doing four (4) units per floor @ 1,400 sq ft per unit… that’s 12 total units! No CC&R’s or HOA’s. Bring your vision and skillset to create new stylized development mere blocks away from the pulse of Sherman Ave, CdA Resort & Marina, Tubbs Hill, City Park, Independance Point, shopping, cafes, restaurants… all within short walking distance down streets lined with old growth trees. Existing 3 BR / 1.5 BA / 2,834 Sq Ft home cash flows excellent rent roll. Don’t hesitate to capitalize on this opportunity!

Property Details

Price:
$1,125,000
MLS #:
25-6221
Status:
Active
Beds:
3
Baths:
1.5
Address:
602 N GOVERNMENT WAY
Type:
Single Family
Subtype:
Site Built < 2 Acre
Neighborhood:
01 – Cd’A Urban/Dalton
City:
Coeur d’Alene
Listed Date:
Jun 17, 2025
State:
ID
Finished Sq Ft:
2,162
Total Sq Ft:
2,162
ZIP:
83814
Lot Size:
8,712 sqft / 0.20 acres (approx)
Year Built:
1916

Schools

School District:
CDA – 271

Interior

Appliances
Gas Water Heater, Refrigerator, Range/ Oven – Elec, Disposal, Dishwasher
Flooring
Vinyl, Carpet
Heating
Cadet, Natural Gas, Wood, Forced Air, Fireplace(s)

Exterior

Construction Materials
Lap Siding, Frame
Exterior Features
Covered Patio, Covered Porch, Curbs, Landscaping, Paved Parking, Sidewalks, Sprinkler System – Front, Lawn
Roof
Shake, Wood

Financial

Tax Year
2024
Taxes
$3,206

Map

Agent Details

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Kirstin@kirstindarry.com