About This Home

This 27-bedroom, 27-bathroom residential multi family at 350 E Street in Idaho Falls, ID is listed for $4,250,000 ($188 per sqft). Built in 1948, the home offers 22,578 sqft of living space on a 0.41 acres lot.

Key Features

  • Built in 1948
  • 0.41 acre lot
  • 28 parking spaces

Property Details

27 full
28 spaces
1948

Amenities

A/C
Listing 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. 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.

Monthly Cost Estimate

$22,730/mo

20% down · 6.5% · 30 years

Principal$3,074
Interest$18,417
Insurance$1,240

Estimates only. Actual payments may vary.

Location

350 E Street

Idaho Falls, ID 83402

Railroad Addition-Bon

Features & Amenities

Interior Features

Ceiling Fan(s)Newly RenovatedStorage

Exterior Features

Lighting

Property Details

Construction

Stucco

Parking

Off Street

Heating

Heat Pump (Heating)Ductless (Heating)

Cooling

DuctlessZoned

Appliances

Common Water HeatersDishwasherMicrowaveRefrigeratorOven

Questions & Answers

This 27-bedroom, 27-bathroom residential multi family at 350 E Street is listed at $4,250,000 ($188/sqft). The estimated monthly payment is $22,730 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1948, 0.41 acre lot, 28 parking spaces. Interior Features: Ceiling Fan(s), Newly Renovated, Storage. Exterior Features: Lighting.

This property is listed by Matthew Flinders.

MF

Matthew Flinders

Agent at Armstrong Flinders and Associates

Listed by Armstrong Flinders and Associates · Broker phone: 8013751075 · View on Broker Site

MLS# 2185323· Source: Snake River Regional MLS· Added to PropertySimple today

Copyright © 2026 Snake River Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

350 E Street, Idaho Falls, ID 83402

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