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Ridgewood Gardens 3834 E 3rd Ave 13 Unit Apartment Building $6,168,050 CAD ($474,465 CAD/Unit) 6.03% Cap Rate Post Falls, ID 83854
Investment Highlights
- The property has maintained 100% occupancy since the start of 2020, demonstrating strong tenant demand.
- Barrier Free Design – Features one level, side by side homes with no adjoining walls, no stairs or steps.
- Low Maintenance – Successfully self managed with minimal owner involvement, requiring only monthly visit.
- Desirable Unit Mix and Layout – The property consists of six duplexes and one single family residence.
- Attractive Resident Amenities – Units feature in-unit washers and dryers, vaulted ceilings, fenced yards with covered patios and covered front entries
Executive Summary
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.
Property Facts
| Price | $6,168,050 CAD | Building Class | B |
| Price Per Unit | $474,465 CAD | Lot Size | 1.21 AC |
| Sale Type | Investment | Building Size | 16,862 SF |
| Cap Rate | 6.03% | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2003 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden |
| Price | $6,168,050 CAD |
| Price Per Unit | $474,465 CAD |
| Sale Type | Investment |
| Cap Rate | 6.03% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.21 AC |
| Building Size | 16,862 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2003 |
| Opportunity Zone |
Yes |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Vaulted Ceiling
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Garden
- Lawn
- Linen Closet
- Patio
- Vinyl Flooring
- Wheelchair Accessible (Rooms)
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | P1650000002A | Improvements Assessment | $3,143,171 CAD |
| Land Assessment | $862,293 CAD | Total Assessment | $4,005,464 CAD |
Property Taxes
Parcel Number
P1650000002A
Land Assessment
$862,293 CAD
Improvements Assessment
$3,143,171 CAD
Total Assessment
$4,005,464 CAD
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Ridgewood Gardens | 3834 E 3rd Ave
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