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8-Unit Apartment Building
For Sale
$650,000

405 N 2nd E, Mountain Home, ID 83647

Residential Income, Mountain Home, ID

Property Size4,284 SF
Lot Size0.22 Acres
Price / SF$151.73
Days on Market273

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 Bedroom 4, Bedroom 1, Bathroom 4, Bathroom 3, Bathroom 8, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 7, Bathroom 1, Bathroom 5, Bathroom 2, Bathroom 6, Bathroom 7, Bedroom 3
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

Additional Details

Tenant in Place Yes

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 Wall/Window Unit(s), 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: Oct 25 Last Checked: Oct 29 at 5:06AM
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.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 8-unit apartment property comprises a large house at the front and a cottage at the rear. The buildings contain 4,284 square feet on a 0.22-acre parcel. Units 1, 3, 6, 7, and 8 have been updated, while Units 4 and 5 have long-term tenants. A new boiler was installed in December 2025; the roof, exterior paint, electrical meter, and main service panel were replaced or updated in 2020, and most windows were replaced that year. The property is professionally managed.

Towne Center Apartments is across the street, Albertson’s is one block away, and Railroad Park is just east of the property. The site is also minutes from I-84 and Mountain Home Air Force Base.

Key Highlights

  • Eight residential units across a front house and rear cottage
  • 4,284 square feet on a 0.22‑acre parcel
  • New boiler installed in December 2025

Property Analytics

Who owns this building? See the owner, sales and loan history
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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
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

Frequently Asked Questions

What type of property is this?
Apartment building - A front house and rear cottage create two distinct residential components within the rental property.
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 residential units across a front house and rear cottage; 4,284 square feet on a 0.22‑acre parcel; New boiler installed in December 2025
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