611 Cedar St, Wallace, ID 83873
Property image
Property image
OFF MARKET

$464,360

Tax assessed value
  • 6 Beds
  • 2.5 Baths
  • 6,250 sqft

611 Cedar St, Wallace, ID 83873

Home Value

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Nearby home prices

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Address
Distance
Price
Bed
Bath
Sqft
Status
83873-2232 2232, Wallace, ID 83873
9.59
-
Studio
-
-
Off Market
607 Cedar St, Wallace, ID 83873
0.12
$190,300
Studio
-
-
Off Market
605 Cedar St, Wallace, ID 83873
0.13
$295,600
Studio
-
-
Off Market
603 Cedar St, Wallace, ID 83873
0.12
$343,300
Studio
-
4,000
Off Market
601 Cedar St, Wallace, ID 83873
0.12
$388,500
Studio
-
7,412
Off Market
621 Bank St, Wallace, ID 83873
0.18
$454,300
Studio
-
15,000
Off Market
613 Cedar St, Wallace, ID 83873
0.15
$236,100
Studio
-
-
Off Market
415 7th St, Wallace, ID 83873
0.21
-
Studio
-
21,150
Off Market
403 7th St, Wallace, ID 83873
2.30
$505,800
Studio
-
23,208
Off Market
Not Available, Wallace, ID 83873
20.47
$229,500
Studio
-
-
Off Market
Not Available, Wallace, ID 83873
20.47
-
Studio
-
-
Off Market
716 Bank St, Wallace, ID 83873
0.25
$626,200
Studio
-
18,946
Off Market

Local Information

  • Map ViewExplore the area around 611 Cedar St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Apartment
Year Built
1913
Living Area
6,250 sqft

About this House

Unique opportunity to purchase an historic, 3-story, 6400 sf, brick commercial building in Wallace Idaho. Built in 1913, and once a famous brothel called “The Luxette Rooms,” this location is one of the oldest building sites in Wallace. Extensive upgrades/renovation and new roof in 2021.

Ground floor and second floor have their own gas furnaces and separate meters/utilities. First floor is 2500 ft.² of turnkey office/retail space with separate entrance. The space, a saloon and restaurant in the early days, was remodeled in 2021 and the original 1913 mosaic floor restored. Front retail space includes a new half bathroom and two locking storage spaces. There is also a separate, very large space in the rear with a back entry door from the Depot Museum/city-owned parking lot. Rear space could function as a separate business space. Ground floor is currently leased.

Second floor is a newly updated, 2500 sf, very clean, 6 bedroom apartment with 2.5 baths. Includes a large living room with fireplace overlooking the Depot Museum, full kitchen, dining area, and a very large laundry room (which is also plumbed for a full bathroom). Gorgeous mountain views from every window. Currently operates as a successful short-term vacation rental.

Third floor is 1250 sf and has operable plumbing and electricity but needs some TLC. Adds 5 additional bedrooms, laundry hookups and a large full bath (including extra-long, original pink bathtub, 2 pink sinks and pink toilet!).

Would be perfect for a couple or family looking to start a business and live in Wallace. Run the Airbnb or live in the apartment and open a business downstairs. Plenty of room in rear commercial space to build out a kitchen or bakery. Slight possibility of historical liquor license.

Owner carry terms available with 40% down. Will work with buyer agents. $525000

611 Cedar St, Wallace, ID 83873 is a 6 bedroom, 3 bathroom, 6,250 sqft apartment built in 1913. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate rent is $2,346/month.

Home Details for 611 Cedar St

Interior Features

Interior Details
Basement
Levels, Entrance, & Accessibility
Stories: 3

Exterior Features

Exterior Home Features
Roof: OtherExterior: Brick
Parking & Garage
Parking: On Street

Property Information

Year Built
Year Built: 1913
Property Type / Style
Property Type: Apartment

Lot Information

Lot Area: 2500 sqft

Price and Tax history

DateEventPrice
May 23, 2023
Source: N/A
ListingRemoved
Mar 21, 2023
Source: Coeur d'Alene MLS #23-1661
Pending
$399,000
Mar 13, 2023
Source: Coeur d'Alene MLS #23-1661
PriceChange
$399,000
Price decreased by 24%
Jan 2, 2023
Source: N/A
Listed For Sale
$525,000
Nov 1, 2022
Source: Coeur d'Alene MLS #22-2989
ListingRemoved

Market trends in Wallace

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
23
2MoM

Around this home

What Locals Say about Wallace

At least 6 Trulia users voted on each feature.

  • 100 % Say people would walk alone at night

  • 100 % Say it's dog friendly

  • 100 % Say kids play outside

  • 90 % Say yards are well-kept

  • 88 % Say it's walkable to grocery stores

  • 86 % Say parking is easy

  • 83 % Say streets are well-lit

  • 80 % Say there's wildlife

  • 78 % Say car is needed

  • 72 % Say neighbors are friendly

  • 71 % Say it's walkable to restaurants

  • 71 % Say it's quiet

  • 71 % Say they plan to stay for at least 5 years

  • 63 % Say there are community events

  • 57 % Say there are sidewalks

  • 40 % Say there's holiday spirit

Sourced by Trulia users. Learn more about our methodology.
  • Kim M.
    "Idyllic small town environment. I grew up here and have returned home after many years because it is a safe and quiet community, with that genuine small town feel. Not to mention the access to everything outdoors. Hiking, camping, fishing, hunting. "
    0
    Flag
  • Ashli D.
    "Throughout the year they always have special events going on in town that celebrates who we are as a community and where we came from! "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 611 Cedar St

  • Is Wallace a buyer's or seller's market?
    Wallace is currently a balanced market, based on recent for-sale activity.
  • What do residents say about Wallace?
    Residents describe Wallace, ID as dog-friendly, well-kept, and walkable to grocery stores. See recently sold homes in Wallace, ID.
  • What are the closest schools to 611 Cedar St?
    The closest schools to 611 Cedar St in Wallace, ID are Silver Hills Elementary School (Pre-K, rated 4/10), Wallace Jr/Sr High School (Middle, rated 5/10).
  • Does 611 Cedar St have parking?
    Yes, 611 Cedar St in Wallace, ID has on-site parking.

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