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About This Home
This 27-bedroom, 27-bathroom residential multi family at 350 E Street in Idaho Falls, ID is listed for $4,449,000 ($197 per sqft). Built in 1948, the home offers 22,578 sqft of living space on a 0.41 acres lot.
The Wellington is a fully renovated 27-unit apartment building in downtown Idaho Falls, one block from the Riverwalk, with stylish studios and 1-bedrooms designed for long-term renters, traveling nurses, and remote workers. Renovated in 2022 with 9' ceilings, sound-dampened walls, LED lighting, secured access, and efficient systems, this property offers low-maintenance operations.
Every tenant enjoys high-speed fiber internet, free laundry, assigned parking, and individual storage. Strong rental demand and scarce downtown inventory support steady performance, with high-credit tenants in place. Walkable to the Museum of Idaho, dining, farmers market, bars, shops, and the public library.
Great opportunity for investors seeking a solid 1031 exchange or portfolio addition. Rent roll and cap rate available. Sister property nearby also available. Parcels RPA1980007009A & RPA1980007008B - Buyer to verify all info.
Key Features
- Built in 1948
- 0.41 acre lot
- 28 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$23,794/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
350 E Street
Idaho Falls, ID 83402
Railroad Addition-Bon
Features & Amenities
Interior Features
Exterior Features
Property Details
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 27-bedroom, 27-bathroom residential multi family at 350 E Street is listed at $4,449,000 ($197/sqft). The estimated monthly payment is $19,279 based on 20% down at 6.5% interest.
Key features include: Built in 1948, 0.41 acre lot, 28 parking spaces. Interior Features: Ceiling Fan(s), Newly Renovated, Storage. Exterior Features: Lighting.
This property is listed by Matthew Flinders and can be reached at 8013751075 or matthew.flinders@gmail.com.