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.
For sale
$4,250,000
350 E E St, Idaho Falls, ID 83402
27beds
22,578sqft
:
Get pre-qualified$26,430/mo
Multi Family
Built in 1948
-- sqft lot
$-- Zestimate®
$188/sqft
$-- HOA
What's special
Assigned parkingFree laundryLed lightingSound-dampened wallsHigh-speed fiber internet
- 115 days |
- 122 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Matthew Flinders 208-521-1406,
Armstrong Flinders and Associates
Source: SRMLS,MLS#: 2185323
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 27
- Bathrooms: 27
- Full bathrooms: 27
Heating
- Heat Pump, Mini Split, Separate Heat
Cooling
- Ductless, Mini Split
Appliances
- Included: Dishwasher, Microwave, Refrigerator, Oven, Common Water Heaters
- Laundry: Common Area, Laundry Included
Features
- Ceiling Fan(s), Newly Renovated, Storage
- Basement: Full,Partially Finished
Interior area
- Total structure area: 22,578
- Total interior livable area: 22,578 sqft
- Finished area above ground: 15,909
- Finished area below ground: 6,669
Property
Parking
- Total spaces: 28
- Parking features: Off Street
- Has uncovered spaces: Yes
Features
- Exterior features: Lighting
- Frontage length: 127
Lot
- Size: 0.41 Acres
- Dimensions: 140 x 127
- Features: Level, Interstate Exit/Access, Near Green Belt, Near Mall/Shop, Near Park, Near Public Transit, Near Stream/River, Concrete Curbing
Details
- Parcel number: RPA1980007008B
- Zoning description: General Zoning: If Central Commerc,Specific Zoning: Idaho Falls-Cc-Central Commer
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Primary Exterior Material: Stucco
- Foundation: Concrete Perimeter
- Roof: Membrane
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1948
Utilities & green energy
- Electric: Idaho Falls Power, Separate Power Meters
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Additional Storage
- Subdivision: Railroad Addition-Bon
HOA
- Has HOA: No
Location
- Region: Idaho Falls
Financial & listing details
- Price per square foot: $188/sqft
- Annual tax amount: $24,599
- Date on market: 4/7/2026
- Listing terms: Cash,Conventional,1031 Exchange
- Inclusions: 4 Commercial Washers; 4 Commercial Dryers; 4 150 Gal Water Heaters; Replacement Parts And Fixtures ~$10, 000; Maintenance Tools ~$2000; Supplies And Materials ~$3000
- Tenant pays: Cable TV, Electricity, Sewer, Trash Collection, Water
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/28/2026 | Price change | $4,250,000-4.5%$188/sqft |
Source:  SRMLS #2185323 Report a problem | ||
| 4/7/2026 | Listed for sale | $4,449,000$197/sqft |
Source: SRMLS #2185323 Report a problem | ||
| 2/21/2026 | Listing removed | $4,449,000$197/sqft |
Source: SRMLS #2179712 Report a problem | ||
| 9/22/2025 | Listed for sale | $4,449,000$197/sqft |
Source: SRMLS #2179712 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 83402
Nearby schools
GreatSchools rating
- 4/10A H Bush Elementary SchoolGrades: PK-6Distance: 1.2 mi
- 4/10Eagle Rock Junior High SchoolGrades: 7-8Distance: 1.8 mi
- 3/10Skyline Senior High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: HAWTHORNE 91EL
- Middle: EAGLE ROCK 91JH
- High: IDAHO FALLS 91HS
Source: SRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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