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Two-Residence Multifamily Property
For Sale
$350,000
Pending

406 1st W, Ririe, ID 83443

MULTI-FAMILY, Separate Buildings, Ririe, ID

Property Size3,156 SF
Lot Size0.21 Acres
Days on Market141

Property Features for 406 1st W

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Bedrooms 4
Bathrooms 4
Full bathrooms 4
Rooms Bedroom 4, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 1, Bedroom 3
Elementary school Ririe
Middle school Rigby
High school Rigby
Subdivision Ririe
Standard status Pending
Size 3,156 SF
Lot size 0.21 Acres

Taxes and HOA fees

Tax Annual Amount 2138

Utilities

Heating system Forced Air
Water source Public

Amenities

enclosed front porch
mature trees
lush lawn
fireplace
laundry

Building Details

Year built 1920
Building materials Frame
Roof type Built-Up
Architectural style Other
Listing Agency: Real Broker, LLC
Listed By: Kimberly Anderson
Added: May 5 Changed: Sep 16 Last Checked: Sep 22 at 5:06AM
MLS# 582397

Copyright © 2026 Greater Pocatello Association of REALTORS®. 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 multifamily property includes two separate residences totaling 3,156 square feet on a 0.21-acre corner lot. The primary ranch-style home features two bedrooms, an updated full bathroom, formal dining room, enclosed front porch, and adaptable side-entry space. Improvements include fresh interior paint, new LVP and carpet, original hardwood flooring, a newer roof, gas furnace, water heater, and two laundry hookups.

The detached second residence contains 1,056 square feet across two levels. Its main floor has an open layout, LVP flooring, updated electrical and PEX plumbing, a kitchen, living area with fireplace, and half bathroom. The upper level includes two bedrooms, a full bathroom, and laundry room. Mature trees and lawn occupy the residential lot, with public water serving the property.

Located in Ririe, the property is approximately 15 minutes from Rigby and 25 minutes from Idaho Falls. The asset is zoned Residential and was built in 1920 with frame construction and forced-air heating.

Key Highlights

  • Two separate residences totaling 3,156 square feet
  • Detached 1,056‑square‑foot, two‑story second residence
  • 0.21‑acre corner lot with mature trees and lawn

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Repair Shop Building Supply Auto Parts Store Grocery & Convenience Store Pet Store

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

2
Residential units

Location Intelligence

Demographics for 83443, ID

1,154
Population
507
Households
2.3
Avg Household Size
32
Median Age
25%
College-Educated
93%
High-School Grad
204.2 sq mi
ZIP Area
6
Density / Sq Mi
$62,653
Median Household Income
$33,371
Median Earnings
$1,107
Median Rent
$154,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Multifamily property - Two separate homes provide flexible residential income and occupancy options on a landscaped corner lot.
Where is this multifamily property located?
The property is located at 406 1st W Ririe, ID.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two separate residences totaling 3,156 square feet; Detached 1,056‑square‑foot, two‑story second residence; 0.21‑acre corner lot with mature trees and lawn
More about this property
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