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405 N 2nd E 8 Unit Apartment Building $1,025,187 CAD ($128,148 CAD/Unit) 7.27% Cap Rate Mountain Home, ID 83647
Investment Highlights
- Renovated over the past 5 years (boiler, roof, windows, gutters, paint and unit interiors)
- Great location
- Excellent rental history
Executive Summary
Iconic 8-unit rental property in the center of Mountain Home! The location is prime and the property has excellent rental history. Vacant units rent within days. The property includes the large house in front and also the cottage rental unit in the back. Brand new boiler in Dec 2025. New roof and exterior paint in 2020, new electrical meter and main service panel in 2020. Most windows were replaced in 2020. Units 1, 3, 6, 7, & 8 are updated. Units 4 and 5 are long-term tenants. Professionally managed.
Property Facts
| Price | $1,025,187 CAD | Building Class | C |
| Price Per Unit | $128,148 CAD | Lot Size | 0.22 AC |
| Sale Type | Investment | Building Size | 4,284 SF |
| Cap Rate | 7.27% | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1895/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.4/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | C-2 | ||
| Price | $1,025,187 CAD |
| Price Per Unit | $128,148 CAD |
| Sale Type | Investment |
| Cap Rate | 7.27% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 4,284 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1895/2022 |
| Parking Ratio | 1.4/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C-2 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 500 - 600 |
| Studios | 1 | - | 500 |
1 1
Walk Score®
Very Walkable (81)
Property Taxes
| Parcel Number | RPA009000A022AA | Improvements Assessment | $88,357 CAD |
| Land Assessment | $51,994 CAD | Total Assessment | $140,351 CAD |
Property Taxes
Parcel Number
RPA009000A022AA
Land Assessment
$51,994 CAD
Improvements Assessment
$88,357 CAD
Total Assessment
$140,351 CAD
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405 N 2nd E
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