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400 Eastern Avenue, Idaho Falls, ID 83402

Idaho Falls
Local realty services provided by:CENTURY 21 High Desert
400 Eastern Avenue,Idaho Falls, ID 83402
$399,000
  • 7 Beds
  • 5 Baths
  • 3,028 sq. ft.
  • Multi-family
  • Active
Listed by: karen liester
Office: keller williams realty east idaho
MLS#:2186424
Source:ID_SRMLS

Price summary

  • Price:$399,000
  • Price per sq. ft.:$131.77

About this home

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...

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Home facts

  • Year built:1900
  • Listing ID #:2186424
  • Added:1 day(s) ago
  • Updated:May 19, 2026 at 06:09 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:5
  • Full bathrooms:5
  • Basement Description:Egress Windows, Partially Finished
  • Living area:3,028 sq. ft.

Heating and cooling

  • Heating:Heat Pump

Structure and exterior

  • Roof:Metal
  • Year built:1900
  • Building area:3,028 sq. ft.
  • Lot area:0.09 Acres
  • Lot Features:Corner Lot
  • Construction Materials:Block
  • Foundation Description:Block, Concrete Perimeter

Schools

  • High school:IDAHO FALLS 91HS
  • Middle school:TAYLOR VIEW 91JH
  • Elementary school:BUSH 91EL

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$399,000
  • Price per sq. ft.:$131.77
  • Tax amount:$4,193 (2025)

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