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280 1st Street

Idaho Falls, ID 83401
  • $1,200,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 2189005
UPDATED: 40 min ago
$1,200,000
  • 12
    BEDS
  • 0.22
    ACRES
  • 12
    BATHS
  • 0
    1/2 BATHS
  • 8,752
    SQFT
  • $137
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

280 1st Street is a well maintained 12 unit multifamily property in Idaho Falls, Idaho, offering investors a strong cap rate and dependable cash flow in a growing market. Idaho Falls continues to see steady population growth, low vacancy, and rising rental demand, making it one of the more attractive multifamily markets in the region for long term investors. The property comes with professional management already in place, making it an easy, turnkey addition to a portfolio for an investor looking for reliable, low-hassle performance and strong returns. With solid in-place income and a location in one of Idaho's most stable rental markets, 280 1st Street is a compelling opportunity for an investor seeking dependable cash flow and long-term growth in a market that continues to attract renters and new residents alike.

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© 2026 Information provided by Snake River Regional Multiple Listing Service (SNRRMLS) is deemed reliable but not guaranteed. Real estate listings held by brokerage firms other than Townsend Realty Team are marked with the SNRRMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2026-10-13T08:23:14.297.
www.townsendrealtyteam.com/homes/180860387
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280 1st Street Idaho Falls, ID 83401

  • Price: $1,200,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 40 min ago
  • MLS #: 2189005
12
Beds
12
Baths
0
½ Baths
0.22
Acres
8,752
SQFT
$137
$/SQFT
1920
Built
Neighborhood:
Crows Addition-Bon
County:
Bonneville
Area:
Idaho Falls
Elementary School:
Dora Erickson Elementary School
Middle School:
Taylor View 91Jh
High School:
Idaho Falls 91Hs
Property Description
280 1st Street is a well maintained 12 unit multifamily property in Idaho Falls, Idaho, offering investors a strong cap rate and dependable cash flow in a growing market. Idaho Falls continues to see steady population growth, low vacancy, and rising rental demand, making it one of the more attractive multifamily markets in the region for long term investors. The property comes with professional management already in place, making it an easy, turnkey addition to a portfolio for an investor looking for reliable, low-hassle performance and strong returns. With solid in-place income and a location in one of Idaho's most stable rental markets, 280 1st Street is a compelling opportunity for an investor seeking dependable cash flow and long-term growth in a market that continues to attract renters and new residents alike.
Exterior Features

Construction And Status Frame Exterior Primary Vinyl Siding Foundation Concrete Perimeter Garage Stalls 0.00 Roof MembraneMetal Style All Units in One Building

Interior Features

Air Conditioning None Basement FinishedPartial Heat Source And Type ElectricBaseboard Sq Ft Above Grade 7972 Sq Ft Below Grade 780 Style1 Baths 1 Style1 Bedrooms 1 Style1 Sq Ft 730 Style2 Baths 0 Style2 Bedrooms 0 Style2 Sq Ft 0 Style3 Baths 0 Style3 Bedrooms 0 Style3 Sq Ft 0 Style4 Baths 0 Style4 Bedrooms 0 Style4 Sq Ft 0 Style5 Baths 0 Style5 Bedrooms 0 Style5 Sq Ft 0 Style6 Baths 0 Style6 Bedrooms 0 Style6 Sq Ft 0 Total Baths 12

Property Features

Covenants No Distressed Property Not Applicable Exclusions Seller and tenants personal property Fixer Upper No Flood Plain U Gross Monthly Rent 9350.00 Handicap Access No Ho Exempt Not Exempt HOA No Inclusions Refrigeratorrange Owner Pays ElectricitySewerTrash CollectionWater Property Type 11+ Units Provider Other Info Idaho Falls Power Sewer Public Sewer Short Term Rental YN Allowed Style1 Rent 780 Style1 Units 12 Style2 Rent 0 Style2 Units 0 Style3 Rent 0 Style3 Units 0 Style4 Rent 0 Style4 Units 0 Style5 Rent 0 Style5 Units 0 Style6 Rent 0 Style6 Units 0 Tax Year 2025 Taxes 11895.00 Tenant Pays Electricity Terms CashConventional1031 Exchange Utilities Separate Power MetersCommon Power MetersSeparate Heat Water Public Winter Access YN Yes Zoning General BONNEVILLE RESIDEN Zoning Specific AMMON R2 RESIDENCE ZONE

Snake River Regional MLS logo Listing provided courtesy of Silvercreek Realty Group: 2085236111.
© 2026 Information provided by Snake River Regional Multiple Listing Service (SNRRMLS) is deemed reliable but not guaranteed. Real estate listings held by brokerage firms other than Townsend Realty Team are marked with the SNRRMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2026-10-13T08:23:14.297.
 
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