350 E St Idaho Falls, ID 83402

FOR SALE

1031 exchange properties

Property ID

US27-Q004618

22,578 SF

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$4,250,000 22,578 SF

350 E St, Idaho Falls, ID 83402
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The Wellington is a fully renovated 27-unit apartment building in downtown Idaho Falls, one block from the Riverwalk, with stylish studios and 1-bedrooms designed for long-term renters, traveling nurses, and remote workers. Renovated in 2022 with 9' ceilings, sound-dampened walls, LED lighting, secured access, and efficient systems, this property offers low-maintenance operations. Every tenant enjoys high-speed fiber internet, free laundry, assigned parking, and individual storage. Strong rental demand and scarce downtown inventory support steady performance, with high-credit tenants in place. Walkable to the Museum of Idaho, dining, farmers market, bars, shops, and the public library. Great opportunity for investors seeking a solid 1031 exchange or portfolio addition. Rent roll and cap rate available. Sister property nearby also available. Parcels RPA1980007009A & RPA1980007008B - Buyer to verify all info.

Property type 1031 exchange properties

Total area 22,578 SF

UPID US27-Q004618

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

Apartment Complex

350 E St Idaho Falls, ID 83402

Idaho Falls metro

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Comparables

6 recent transactions · within 1.5 mi

Comparable in this City

$4,250,000

22,578 SF

Fully Renovated 27-Unit Apartment Building

27-unit apartment building with secured access, assigned parking, and high-speed fiber internet for tenants.

350 E Street, Idaho Falls, ID 83402

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New

$1,850,000

3,592 SF

Under-Construction Apartment Building with Balcony

Two-story, open-concept townhome/duplex with three bedrooms and two bathrooms, central air, and a private balcony.

1287-1297 Bear Avenue, Idaho Falls, ID 83402

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$1,750,000

15,867 SF

Brick Apartment Building with Laundry

Brick apartment property with coin-operated laundry and individual electric metering.

525 Walnut Street, Idaho Falls, ID 83402

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$2,650,000

12,300 SF

16-Unit Apartment Building

Fully rebuilt apartment building with new roof, electrical, plumbing, and ductless HVAC systems.

488 D Street, Idaho Falls, ID 83402

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$399,000

2,020 SF

Updated Duplex with Separate Entrances

Updated duplex with two separate living spaces, ductless heating and cooling, and public water and sewer.

915 Ada Avenue, Idaho Falls, ID 83402

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New

$615,000

3,592 SF

Duplex Townhome with Balcony

Under-construction two-story duplex townhome with an open layout, central air, and public utilities.

1295/1297 Bear Avenue, Idaho Falls, ID 83402

View Details

Similar Nearby for Sale

$4,250,000

22,578 SF

Fully Renovated 27-Unit Apartment Building

27-unit apartment building with secured access, assigned parking, and high-speed fiber internet for tenants.

350 E Street, Idaho Falls, ID 83402

View Details
New

$1,850,000

3,592 SF

Under-Construction Apartment Building with Balcony

Two-story, open-concept townhome/duplex with three bedrooms and two bathrooms, central air, and a private balcony.

1287-1297 Bear Avenue, Idaho Falls, ID 83402

View Details
$1,750,000

15,867 SF

Brick Apartment Building with Laundry

Brick apartment property with coin-operated laundry and individual electric metering.

525 Walnut Street, Idaho Falls, ID 83402

View Details
$2,650,000

12,300 SF

16-Unit Apartment Building

Fully rebuilt apartment building with new roof, electrical, plumbing, and ductless HVAC systems.

488 D Street, Idaho Falls, ID 83402

View Details
$399,000

2,020 SF

Updated Duplex with Separate Entrances

Updated duplex with two separate living spaces, ductless heating and cooling, and public water and sewer.

915 Ada Avenue, Idaho Falls, ID 83402

View Details
New

$615,000

3,592 SF

Duplex Townhome with Balcony

Under-construction two-story duplex townhome with an open layout, central air, and public utilities.

1295/1297 Bear Avenue, Idaho Falls, ID 83402

View Details

Similar Nearby for Lease

Contact for pricing

Commercial Property For Lease

Commercial property available for lease in Idaho Falls.

5440 S Doug Andrus Dr, Idaho Falls, ID 83402

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Contact for pricing
6,600 sqft

Light Industrial Shop with Wash Bay

Approximately 6,600 SF shop includes four overhead doors, a wash bay, and restroom facilities.

325 Garfield, Idaho Falls, ID 83402

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$13 SF/Yr

Historic Office Space For Rent

Downtown Idaho Falls office space with included parking.

591 Park Avenue, Idaho Falls, ID 83402

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Contact for pricing
0.41 Acres

Idaho Falls Industrial Yard Space

Industrial yard space available for lease in Idaho Falls.

6248 S Burggraf Wy, Idaho Falls, ID 83402

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$16 SF/Yr

3,290 sqft

Remodeled Office Space on Broadway

Remodeled office space in Idaho Falls with high visibility.

2070 Broadway Street, Idaho Falls, ID 83402

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Contact for pricing
1.00 Acre

Prime Land Ground Lease Opportunity

Land for lease near Snake River, I-15, and Highway 20.

683 Lindsay Boulevard, Idaho Falls, ID 83402

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