BEDS27
BATHS27 full
SQUARE FEET22,578
MLS#2185323
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONRAILROAD 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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Partially Finished
Basement: Yes
Cooling: Ductless, Mini Split
Heating: Heat Pump, Mini Split
Lot Size: 0.41 Acres
Roof Type: Membrane
Taxes: $24,599
Year Built: 1948
Units
Unit Type 1:
Bedrooms: 1
Bathroom(s): 1
Rent: $1100.00
Square Footage: 590
Unit Type 2:
Bedrooms: 1
Bathroom(s): 1
Rent: $995.00
Square Footage: 400
Unit Type 3:
Bedrooms: 1
Bathroom(s): 1
Rent: $950.00
Square Footage: 375
Unit Type 4:
Bedrooms: 1
Bathroom(s): 1
Rent: $1700.00
Square Footage: 3014
Feature Descriptions
Amenities: Additional Storage, Common Laundry, Laundry Included, Off Street Parking
Days on Site: 9
Driveway: Asphalt, Concrete
Exterior: Stucco
Flood Plain: No
Foundation: Concrete Perimeter
Handicap Access: 0
HOA Y/N: No
Landscaping: Concrete Curbing, Outdoor Lighting
Location: Interstate Exit/Access, Near Green Belt, Near Mall/Shop, Near Park, Near Public Bus Stop, Near Stream/River
Owner Pays: Common Area Maintenance, Insurance, Grounds Care, Snow Removal
Parcel #: RPA1980007008B
Sewer: Public Sewer
SQFT Above Grade: 15909
SQFT Below Grade: 6669
Tenant Pays: Cable TV, Electricity, Sewer, Trash Collection, Water
Topography: Level
Units: 27
Water: Public
Local Schools
High School: IDAHO FALLS 91HS
Middle School: EAGLE ROCK 91JH
Elementary School: HAWTHORNE 91EL
Listed By / Shown By
Listed By
Agency Name: Armstrong Flinders and Associates
Agency Phone: 8013751075
Shown By
Agency Title: Coldwell Banker Tomlinson
Agency Phone: (208) 243-7334
Estimate Your Payment
Estimated Payment
$ 13,249.09 per month $9,901.55 Principal & Interest $2,049.92 Property Tax $1,297.63 Homeowner's Insurance
350 E E Street | MLS# 2185323
This multi-family property located at 350 E E Street, Idaho Falls, ID 83402 is currently listed for sale with an asking price of $4,449,000. Search Idaho Falls real estate on www.cbidahofalls.com today.