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8-Unit Apartment Property
New
For Sale
$650,000

405 N 2nd E, Mountain Home, ID 83647

Rental accommodations include a primary house and a separate cottage at the rear of the parcel.

Property Size4,284 SF
Price / SF$151.73
Days on Market7

Property Features for 405 N 2nd E

General Information

Standard status Active
Size 4,284 SF
Property subtype Multi-Family

Building Details

Year Built 1895
Listing Agency: KW Commercial
Listed By: Gregory Davis · License #SP32434
Source: Scotreidrealty
Added: Sep 30 Changed: Oct 3 Last Checked: Oct 5 at 8:14PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial

Investment Insights

Based on property information with market context.

This 4,284-square-foot multifamily property contains eight rental units across a front house and a rear cottage. Units 1, 3, 6, 7, and 8 have been updated. Units 4 and 5 are occupied by long-term tenants, and the property is professionally managed. The building dates to 1895.

Capital improvements include a boiler installed in December 2025, along with a roof, exterior paint, electrical meter, and main service panel completed in 2020. Most windows were also replaced in 2020.

The property is across the street from Towne Center Apartments and one block from Albertson's. Railroad Park, which hosts the Mountain Home Farmer's Market, is just east; I-84 and Mountain Home Air Force Base are minutes away.

Key Highlights

  • Eight rental units across a front house and a rear cottage
  • 4,284 square feet; built in 1895
  • Units 1, 3, 6, 7, and 8 have been updated

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Parking Lot & Garage Furniture & Home Goods (Bike/Boat/Book/etc) Store 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.

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
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Rental accommodations include a primary house and a separate cottage at the rear of the parcel.
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 $650,000.
What are key features of this property?
This property features: Eight rental units across a front house and a rear cottage; 4,284 square feet; built in 1895; Units 1, 3, 6, 7, and 8 have been updated
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