374 E St - Multi-Family FOR SALE


Idaho Falls, ID 83402- Downtown Idaho Falls
$4,449,000 USD
208-521-1406
374 E St, Idaho Falls, ID for Sale
$4,449,000 USD
Multi-Family - FOR SALE
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374 E St
Idaho Falls, ID 83402
Downtown Idaho Falls


OVERVIEW

Wellington Manor is a fully renovated 27-unit asset 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. Rare opportunity for investors seeking a stable 1031 exchange or portfolio addition. Rent roll and cap rate available. Sister property nearby also available. Parcels RPA1980007009A & RPA1980007008B

FOR SALE DETAILS

PRICE

$4,449,000 USD

# OF UNITS

27

PRICE/UNIT

$164,778

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wellington Manor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

RPA1980007008B

ASK ABOUT THIS PROPERTY

Matthew FlindersArmstrong, Flinders & Associates Realtors PLLCMore Info
208-521-1406

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Matthew FlindersArmstrong, Flinders & Associates Realtors PLLCMore Info
208-521-1406

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.