503 N 2ND ST, Coeur d'Alene, ID 83814 (MLS# 25-4329)

503 N 2ND ST, Coeur d'Alene, ID 83814

$1,500,000

Property Type: MultiFamily Square Footage: 4,736 Lot Size (sq. ft.): 5,227 Status: Closed

Current Price: $1,500,000 List Date: 8/28/2025 Last Modified: 2/04/2026

Overview

Description

The 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.

Listing Details MLS# 25-4329

Contract Information

Listing Type: Multi Family
Area: 01 - Cd'A Urban/Dalton
Sold Date: 2026-02-03
Neighborhood Grid #: 104
Begin Date: 2025-05-04
Under Contract Date: 2025-10-27
Short Sale: No
REO: No
Financing: Unknown

General Property Description

Realtor.COM Type: Multi-Family
Number of Units: 8
Building Style: Multi Level
Basement: No
Garage Stall: None
Total SqFt.: 4736
ESTIMATED SqFt Source: Assessor
SqFt Per: Complex
Year Built: 1949
New Construction: No
Lot Acres: 0.12
Lot Type 1: Commercial

Legal and Taxes

Legal: CDA & KINGS ADD, LT 12 EX RR RW BLK 15 1350N04W
AIN/Tax Bill: 175064
Parcel Number: C1800015012A
School District: CDA - 271
Zoning: DC
Directions: 2nd Street to Wallace. Corner of Wallace and 2nd in CdA
Taxes: 5168.76
Tax Year: 2024
Taxes Reflect 1: No Exemptions
Subdivision: N/A

Remarks

Public Remarks: The 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.

Address

Street Number: 503
Street Direction Pfx: N
Street Name: 2ND
Street Suffix: ST
State/Province: ID
Postal Code: 83814
County: Kootenai

Property Subject To

CC&Rs: No
Homeowners Assoc: No
LID: No
Non-Mtg Lien: No
Flood Zone: No
Aircraft Flight Zone: No
Fire Protection Dist: Yes

More Information

View

City: Yes

Lot Features

Level: Yes

Terms Considered

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Road

Paved: Yes

Water

City: Yes

Sewer

Public Sewer: Yes

Fuel

Electric: Yes

Heating

Cadet: Yes

Basement

Crawl Space: Yes

Foundation

Concrete: Yes

Construction

Frame: Yes

Exterior

Wood Siding: Yes

Roof

Comp Shingle: Yes

Property Features

Lot Features: Level Fuel: Electric Heating: Cadet Basement: Crawl Space Foundation: Concrete Construction: Frame Exterior: Wood Siding Roof: Comp Shingle Road: Paved Sewer: Public Sewer Terms Considered: 1031 Exchange; Cash; Conventional

Listing Office: Widmyer Corporation

Last Updated: February - 04 - 2026

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