Multifamily Investment Opportunity in Idaho
400 N Eastern Avenue, Idaho Falls, ID 83402
New
MULTI_FAMILY - Idaho Falls, ID
Property size:
3,028 SFLot size:
0.09 AcresPrice / SF:
$131/SF- Added:
- May 20, 2026
- Days on Market:
- 2
- Last Refresh:
- May 21 at 2:06 am
Property Features for 400 N Eastern Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 7
- Bathrooms
- 5
- Rooms
- Bedroom 6, Bathroom 3, Basement, Bedroom 4, Bedroom 7, Bathroom 2, Bedroom 2, Bathroom 5, Bedroom 5, Bathroom 4, Bathroom 1, Bedroom 3, Bedroom 1
- Interior features
- Ceiling Fan(s)
- Basement
- Partially Finished, Exterior Entry
- Appliances
- Common Water Heaters, Microwave, Refrigerator, Stove
- Standard status
- Active
- APN
- RPA1740025006A
- Size
- 3,028 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- W 81' LOT 6, BLOCK 25, ORIGINAL TOWN NW1/4, SEC 19, T 2N, R 38
- Tax Annual Amount
- 4193
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Number of units
- 5
- Flooring type
- Hardwood
- Building materials
- Block, Frame, Block
- Roof type
- Metal
Listing agent Karen Liester (208) 529-8888
Listing office Keller Williams Realty East Idaho 3525 Merlin Drive, Idaho Falls, ID (208) 529-8888
Listing date May 20, 2026
MLS# 2186424
Listing URL
Copyright © 2026 Snake River Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Five income‑producing spaces with a mix of studio, one- and two‑bedroom units.
- Potential to reconfigure as a 4‑plex (buyer to verify with lender).
- Commercial zoning allows for a variety of permitted uses.
- Professionally managed with low operating expenses and established tenancy.
- Value‑add potential through cosmetic improvements and rent optimization.
- Located near downtown Idaho Falls amenities.
Overview
Located at 400 N Eastern Ave in Idaho Falls, this historic multifamily property presents an investment opportunity with five income-producing spaces. The property features a mix of studio, one- and two-bedroom style units. One upper-level configuration includes two private living spaces (bedrooms/kitchen) that share a common bathroom. This creates an opportunity for buyers to evaluate the property as a 4-plex layout for certain financing scenarios while benefiting from existing rental income. Buyers should verify this with their lender. The property has been professionally managed and features low operating expenses, established tenancy, and shared laundry access. The commercial zoning allows for a variety of permitted uses. Several units have been updated over time, while others provide value-add potential through cosmetic improvements and rent optimization. Situated near downtown Idaho Falls amenities, this property offers investors the chance to improve performance through vacancy stabilization, strategic updates, and lease adjustments. The lot size is 0.09 acres, and the property size is 3028 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Idaho Falls
- County
- Bonneville
- State
- Idaho
- Longitude
- -112.0370014
- Latitude
- 43.4920858
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Income-producing multifamily property with value-add potential near downtown.
Where is this apartment building located?
The property is located at 400 N Eastern Avenue Idaho Falls, ID.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Five income‑producing spaces with a mix of studio, one- and two‑bedroom units.; Potential to reconfigure as a 4‑plex (buyer to verify with lender).; Commercial zoning allows for a variety of permitted uses.
