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Wellington Manor 350 E St 27 Unit Apartment Building $4,449,000 ($164,778/Unit) Idaho Falls, ID 83402
EXECUTIVE SUMMARY
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
PROPERTY FACTS
| Price | $4,449,000 | Apartment Style | Low-Rise |
| Price Per Unit | $164,778 | Building Class | C |
| Sale Type | Investment | Building Size | 22,578 SF |
| No. Units | 27 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment |
| Price | $4,449,000 |
| Price Per Unit | $164,778 |
| Sale Type | Investment |
| No. Units | 27 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 22,578 SF |
| No. Stories | 2 |
| Year Built | 1948 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Microwave
- Security System
- Ceiling Fans
- Refrigerator
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
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Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | RPA1980007008B | Improvements Assessment | $568,432 |
| Land Assessment | $16,800 | Total Assessment | $585,232 |
PROPERTY TAXES
Parcel Number
RPA1980007008B
Land Assessment
$16,800
Improvements Assessment
$568,432
Total Assessment
$585,232
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Wellington Manor | 350 E St
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