350 E E St, Idaho Falls, ID 83402
- $4,250,000
- 27
- BD
- 27
- BA
- 22,578
- SqFt
- List Price
- $4,250,000
- Price Change
- ▼ $199,000 1777406897
- MLS#
- 2185323
- Status
- ACTIVE
- Price Per Sqft
- $188
- Bedrooms
- 27
- Bathrooms
- 27
- Full-baths
- 27
- Sq. Ft
- 22,578
- Acres
- 0.41
- Year Built
- 1948
- Subdivision
- Railroad Addition-Bon
Property Description
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.
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Additional Information
- Taxes
- $24,599
- Interior Features
- Ceiling Fans, Renovated, Storage
- Appliances
- Dishwasher, Microwave, Refrigerator, Oven
- Exterior Features
- Lighting
- Roof
- Membrane
- Garage Description
- Off Street
- Cooling
- Ductless, Mini Split
- Heating
- Heat Pump, Mini Split
- Water
- Public
- Sewer
- Public Sewer
- Elementary School
- Hawthorne 91EL
- Middle School
- Eagle Rock 91JH
- High School
- Idaho Falls 91HS
Mortgage Calculator
Listing courtesy of Armstrong Flinders and Associates.