350 E E Street,Idaho Falls, ID 83402
Idaho Falls, ID 83402
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.
Details
| MLS # | 2185323 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1948 |
| Days On Site | 146 |
| Listing Provided By | Armstrong Flinders and Associates | Matthew Flinders |
Features
| Bed(s) | 27 |
|---|---|
| Bath(s) | 27 Total |
| SQ Feet | 22,578 |
| Basement | Y |
| Units | 27 |
| Zoning | General Zoning: If Central Comme |
| Acreage | 0.41 |
Taxes
| Property | 24599 |
|---|
Area Information
| State | ID |
|---|---|
| County | Bonneville |
| City | Idaho Falls |
| Zip Code | 83402 |
| Community Name | Railroad Addition Bon |
| School District | Idaho Falls 91HS |
| Elementary School | Hawthorne 91EL |
| High School | Idaho Falls 91HS |
| Listing VS Median (in Railroad Addition Bon) | |
Price: $4,250,000 low | high Med: $2,200,000 sqft: 22,578 low | high Med: 10,850 $ / sqft: $188 low | high Med: $201 On site: 146 low | high Med: 223.5 | |
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Learn More About This Property
| State | ID |
|---|---|
| County | Bonneville |
| City | Idaho Falls |
| Zip Code | 83402 |
| Community Name | Railroad Addition Bon |
| School District | Idaho Falls 91HS |
| Elementary School | Hawthorne 91EL |
| High School | Idaho Falls 91HS |
| Listing VS Median (in Railroad Addition Bon) | |
Price: $4,250,000 low | high Med: $2,200,000 sqft: 22,578 low | high Med: 10,850 $ / sqft: $188 low | high Med: $201 On site: 146 low | high Med: 223.5 | |
