Pending

400 N Eastern Avenue

IDAHO FALLS, ID 83402
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Bed 7

Bed

Bath 5

Bath

SqFt3,028

Sqft

Acres0.09

Acre(Lot)

400 N Eastern Ave presents a unique investment opportunity with five income-producing spaces currently configured within a historic multifamily property, offering flexibility for investors seeking cash flow and future upside. The property includes a mix of studio, one- and two-bedroom style units, with one upper-level configuration with two private living spaces (bedrooms/kitchen) that share a common bathroom, creating an opportunity for buyers to evaluate the property as a 4-plex layout for certain financing scenarios while benefiting from existing rental income (buyer to verify with lender). The property has been professionally managed and features low operating expenses, established tenancy, shared laundry access, and commercial zoning that allows for a variety of permitted uses. Severa l units have been updated over time, while others provide value-add potential through cosmetic improvements and rent optimization. Located near downtown Idaho Falls amenities, this property offers investors the chance to improve performance through vacancy stabilization, strategic updates, and lease adjustments. Whether expanding a portfolio or seeking a multifamily asset with upside potential, this property offers flexibility that is increasingly difficult to find at this price point!

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Detail Ic Property Details

Property Type : Residential Income

Price : $399,000

AD Id : 78939937

MLS Id : 2186424

Beds : 7

Lot Size : 0.09 Acre

Living Area Size : 3,028

Year Built : 1900

County : Bonneville

Subdivision: Rural Tract (no Subd)

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Feature Features

  • Bedroom Information

    Total beds: 7

    Bathroom Information

    Full Baths: 5

    Room Information

    Has Basement: Yes Basement: Partially Finished
  • Roofing Information

    Metal
  • Interior Features

    Roof: Metal Appliances: Microwave, Refrigerator Laundry Features: Common Area
  • Heating & Cooling

    Has Heating: Yes Heating: Natural Gas, Heat Pump

  • Building Information

    Year Built: 1900 Building Area Total: 3028 Construction Materials: Block, Frame Private Pool: No

  • Lot Information

    Lot Size Acres: 0.09 Lot Description: Corner Lot

    Property Information

    Subdivision: ORIGINAL TOWNSITE Source Property Type: Residential Income Zoning Description: IDAHO FALLS-CC-CENTRAL COMMER Property SubType: Multi Family Property Age: 126

  • Listing Price Information

    Listing Price: $399000

  • Tax Information

    Parcel Number: RPA1740025006A Tax Year: 2025 Annual Tax: $4192.9

  • School Information

    Elementary School: BUSH 91EL
    Junior High School: TAYLOR VIEW 91JH
    Senior High School: IDAHO FALLS 91HS
  • Location Information

    WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
915 Ada Avenue, Idaho Falls, ID, 83402 $399,000 5 3 2,020 2,020 SqFt
1305 Canal Ave, Idaho Falls, ID, 83402 $329,000 4 2 2,460 2,460 SqFt
1220 S Boulevard Blvd, Idaho Falls, ID, 83402 $639,900 8 5.5 3,959 3,959 SqFt
350 E E Street, Idaho Falls, ID, 83402 $4,250,000 27 27 22,578 22,578 SqFt
488 D Street, Idaho Falls, ID, 83402 $2,650,000 16 16 12,300 12,300 SqFt

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Snake River Regional MLS. The IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable, but is not guaranteed. Consult with your real estate professional to verify the provided information. NOTICE: All real estate advertised herein is subject to the Federal Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin. Snake River Regional MLS and this broker will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis. Information deemed reliable but not guaranteed. Copyright © 2026 Snake River Regional MLS. All Rights Reserved.

ByOwner last updated this listing 06/10/2026 @ 11:09

MLS: 2186424 LISTED BY: Karen Liester, Keller Williams Realty East Idaho 208-529-8888 SOURCE: Snake River Regional MLS

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