BEDS7
BATHS5 full
SQUARE FEET3,028
MLS#2186425
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONORIGINAL TOWNSITE
Property Description
400 N Eastern Ave presents a unique investment opportunity with five income-producing spaces currently configured within a historic multifamily property, offering flexibility for investors seeking cash flow and future upside. The property includes a mix of studio, one- and two-bedroom style units, with one upper-level configuration with two private living spaces (bedrooms/kitchen) that share a common bathroom, creating an opportunity for buyers to evaluate the property as a 4-plex layout for certain financing scenarios while benefiting from existing rental income (buyer to verify with lender). The property has been professionally managed and features low operating expenses, established tenancy, shared laundry access, and commercial zoning that 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. Located near downtown Idaho Falls amenities, this property offers investors the chance to improve performance through vacancy stabilization, strategic updates, and lease adjustments. Whether expanding a portfolio or seeking a multifamily asset with upside potential, this property offers flexibility that is increasingly difficult to find at this price point!
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Egress Windows, Exterior Entry, Partially Finished
Cooling: None
Heating: Natural Gas, Heat Pump
Lot Size: 0.09 Acres
Roof Type: Metal
Taxes: $4,192
Year Built: 1900
Units
Unit Type 1:
Bedrooms: 1
Bathroom(s): 1
Rent: $750.00
Square Footage: 400
Unit Type 2:
Bedrooms: 2
Bathroom(s): 1
Rent: $695.00
Square Footage: 1200
Unit Type 3:
Bedrooms: 1
Bathroom(s): 1
Rent: $500.00
Square Footage: 500
Unit Type 4:
Bedrooms: 1
Bathroom(s): 1
Rent: $600.00
Square Footage: 500
Unit Type 5:
Bedrooms: 2
Bathroom(s): 1
Rent: $750.00
Square Footage: 740
Feature Descriptions
Amenities: Common Laundry, Sidewalks
Days on Site: 7
Exterior: Block, Other
Flood Plain: No
Foundation: Block, Concrete Perimeter
Handicap Access: 0
HOA Y/N: No
Landscaping: Established Lawn
Location: Low Traffic, Near Green Belt, Near Mall/Shop
Owner Pays: Common Area Maintenance, Gas, Insurance, Grounds Care, Electricity, Sewer, Snow Removal, Trash Collection, Water
Parcel #: RPA1740025006A
Sewer: Public Sewer
SQFT Above Grade: 2768
SQFT Below Grade: 260
Tenant Pays: Cable TV, Other
Topography: Corner Lot
Units: 5
Water: Public
Local Schools
High School: IDAHO FALLS 91HS
Middle School: TAYLOR VIEW 91JH
Elementary School: BUSH 91EL
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty East Idaho
Agency Phone: 2085298888
Shown By
Agent Name: Lynette Neibaur
Agent Phone:
Agency Title: Coldwell Banker Tomlinson
Estimate Your Payment
Estimated Payment
$ 1,353.71 per month $888.00 Principal & Interest $349.33 Property Tax $116.38 Homeowner's InsuranceChange Payment Information
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400 N Eastern Avenue | MLS# 2186425
This multi-family property located at 400 N Eastern Avenue, Idaho Falls, ID 83402 is currently listed for sale with an asking price of $399,000. Search Idaho Falls real estate on lneibaur.cbidahofalls.com today.