400 N Eastern Avenue, Idaho Falls, ID 83402
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400 N Eastern Avenue, Idaho Falls, ID 83402
400 N Eastern Avenue, Idaho Falls, ID 83402
400 N Eastern Avenue, Idaho Falls, ID 83402
400 N Eastern Avenue, Idaho Falls, ID 83402
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Mel Biggs

Mel Biggs

+1(208) 541-5285
$ 399,000
Est. payment /mo
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Pending

400 N Eastern Avenue Idaho Falls, ID 83402

7 Beds

5 Baths

3,028 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 3,028 sqft

Price per Sqft $131

Subdivision Original Townsite

MLS Listing ID 2186425

Bedrooms 7

Full Baths 5

Year Built 1900

Annual Tax Amount $4,192

Tax Year 2025

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type Quadruplex

Property Description

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. Several 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!

Location

State ID

County Bonneville

Area 3028

Zoning General Zoning: If Central Commerc,Specific Zoning: Idaho Falls-Cc-Central Commer

Rooms

Basement Egress Windows, Exterior Entry, Partially Finished

Interior

Interior Features Ceiling Fan(s)

Heating Natural Gas, Heat Pump, Common Heat

Cooling None

Flooring Hardwood, Hardwood Floors

Inclusions Washer, Dryer, Stove(S), Refrigerator(S), Microwave(S)

Appliance Common Water Heaters, Microwave, Refrigerator, Stove

Laundry Common Area

Exterior

Community Features Sidewalks

View Y/N No

Roof Type Metal

Garage No

Private Pool No

Building

Lot Description Low Traffic, Near Green Belt, Near Mall/Shop, Established Lawn, Corner Lot

Foundation Block, Concrete Perimeter

Sewer Public Sewer

Water Public

Schools

Elementary Schools Bush 91El

Middle Schools Taylor View 91Jh

High Schools Idaho Falls 91Hs

Others

Senior Community false

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Keller Williams Realty East Idaho
Mel Biggs

Mel Biggs

REALTOR/CEO/OWNER | License ID: SP48622

+1(208) 541-5285

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400 N Eastern Avenue