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8-Unit Apartment Building
For Sale
$699,000

405 N 2nd E, Mountain Home, ID 83647

Residential Income, Mountain Home, ID

Property Size4,284 SF
Lot Size0.22 Acres
Price / SF$163.17
Days on Market218

Property Features for 405 N 2nd E

General Information

Property type Residential Multi Family
Property subtype Apartment
Zoning description C2
Bedrooms 7
Bathrooms 8
Full bathrooms 8
Rooms Bathroom 6, Bathroom 2, Bathroom 3, Bathroom 7, Bathroom 8, Bedroom 3, Bedroom 5, Bathroom 5, Bathroom 1, Bedroom 7, Bedroom 6, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 2
Parking 6
Appliances Disposal (No Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
Subdivision Mtn Home Twnst
Lot features Standard Lot 6000-9999 S F, Sidewalks
Elementary school Mtn Home
Middle school Mtn Home
High school Mountain Home
Elementary school district Mountain Home School District #193
Middle school district Mountain Home School District #193
High school district Mountain Home School District #193
Directions From I-84 to I-84BL E/old U.S. 30 in Elmore County and take exit 90 from I-84E. Follow I-84BL E to N 2nd E St/Old U.S. 30 W and turn left. Property on your left.
Standard status Active
APN RPA009000A022A
Size 4,284 SF
Lot size 0.22 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description See exhibit A - long legal in docs
Tax Annual Amount 1710
Legal Description See exhibit A - long legal in docs

Utilities

Heating system Natural Gas
Cooling system Window Unit(s), Wall/Window Unit(s)

Building Details

Year built 1895
Number of units 8
Flooring type Vinyl
Building materials Frame, Wood Siding
Roof type Composition
Listing Agency: KW Commercial · Keller Williams Realty
Listed By: Gregory Davis · License #SP32434
Added: Jan 29 Changed: Sep 2 Last Checked: Sep 4 at 12:06PM
MLS# 98973083

Copyright © 2026 Intermountain Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 8-unit apartment property combines a larger front house with a separate cottage rental at the rear. The 4,284-square-foot property was built in 1895 and features frame construction, wood siding, composition roofing, vinyl flooring, natural-gas heat, and wall or window cooling units. Appliances include stoves and refrigerators in all units, along with shared laundry equipment. Units 1, 3, 6, 7, and 8 have been updated, while Units 4 and 5 are occupied by long-term tenants.

Capital improvements include a boiler installed in December 2025, plus a roof, exterior paint, electrical meter, and main service panel completed in 2020. Most windows were also replaced in 2020. The property is professionally managed and sits across from the renovated Towne Center Apartments, one block from Albertson's, and just east of Railroad Park. Interstate 84 and Mountain Home Airforce Base are minutes away.

Key Highlights

  • 8‑unit rental property with a front house and rear cottage
  • 4,284 square feet on a 0.22‑acre parcel
  • Units 1, 3, 6, 7, and 8 are updated

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Furniture & Home Goods Skin Care Clinic HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

812
Businesses Nearby

Demographics for 83647, ID

22,592
Population
9,695
Households
2.3
Avg Household Size
35
Median Age
21%
College-Educated
87%
High-School Grad
1,504.5 sq mi
ZIP Area
15
Density / Sq Mi
$57,769
Median Household Income
$40,003
Median Earnings
$1,041
Median Rent
$283,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Two residential structures include a front house and rear cottage, with professional management already in place.
Where is this apartment building located?
The property is located at 405 N 2nd E Mountain Home, ID.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 8‑unit rental property with a front house and rear cottage; 4,284 square feet on a 0.22‑acre parcel; Units 1, 3, 6, 7, and 8 are updated
More about this property
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