3834 E 3rd Ave
Post Falls ID 83854
Ridgewood Gardens
3834 E 3rd Ave Post Falls ID 83854
Listing #: 714262 | Status: Available | Last Modified: 7/3/2026 |
For Sale
- Phone:(509) 496-6922
- Email:jordan.lester@svn.com
- Office Name:SVN Cornerstone LLC
- Office Phone:(509) 321-2000
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 4,375,000.0
- $/SF$ 259.5
- $/Unit$ 4,375,000.0
- Listing StatusAvailable
- Days on Market23
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income314,460
- Vacancy Factor %0.00%
- Operating Expenses50,646
- Net Operating Income263,814
- CAP Rate 6.03 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 6.03 %
- Building StatusExisting
- # of Buildings7
- # of Floors1
- # of Units13
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF16862
- Net Rentable Area16862
- Total Office SF
- Largest Contiguous SF
- Lot SF52708
- Acres1.21
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building Class
- CountyKootenai
- Vicinity
- Location Description
- Second Address3846 A & B, 3878 A & B, 3880 A & B, 3860 A & B, 3840 A & B, 3820 A & B
- Cross StreetRoss Point Road
- Market AreaNot Assigned
- Tax ID #P-1650-000-002-A
- Additional Parcels
- ZoningR-3
- Year Built2003
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Ridgewood Gardens
SVN Cornerstone is pleased to present Ridgewood Gardens for sale, a 13 unit duplex and single family home community located at 3834 E 3rd Ave in Post Falls, Idaho. The property consists of 8 2bed/2bath units and 5 1bed/1bath units, featuring one level, side by side homes with numerous desirable resident amenities. Ideally located in the heart of Post Falls, Ridgewood Gardens offers convenient access to shopping, dining, healthcare, employment centers, and outdoor recreation, while providing quick connectivity to both Coeur d'Alene and Spokane via I-90. Kootenai County continues to experience strong population growth of about 1.81% annually in 2026, significantly outpacing the national average, making it one of the nation's fastest growing areas. Highlights 0% Vacancy Since 2020 – The property has maintained 100% occupancy since the start of 2020, demonstrating strong tenant demand. Current rents are about 21.7% below market for the 1bed/1bath units and 13.5% below market for 2bed/2bath units, providing significant upside without unit renovations. Desirable Unit Mix and Layout – The property consists of six duplexes and one single family residence, offering a desirable mix of 8 2bed/2bath units, each with a large garage, and 5 1bed/1bath units, each with two dedicated parking spaces. Barrier Free Design – Features one level, side by side homes with no adjoining walls, no stairs or steps, 54" hallways, 36" doorways, and walk-in showers, providing comfortable living for residents. Attractive Resident Amenities – Units feature in-unit washers and dryers, vaulted ceilings, fenced yards with covered patios, covered front entries, newer appliances, LED lighting, professional landscaping and exterior lighting, gas forced air heating, central air conditioning, and spacious bedrooms. Low Maintenance – Successfully self managed with minimal owner involvement, requiring only monthly visits. On site storage, security cameras, and remote irrigation controls support efficient operations.
