$760,000

405 N 2nd E Mountain Home, ID 83647

Estimated payment $4,042/month

Total Views 2,872
7 Beds
8 Baths
4,284 Sq Ft
$177 Price per Sq Ft

Highlights

  • Cooling System Mounted To A Wall/Window
  • Vinyl Flooring
  • Heating System Uses Natural Gas
  • Wood Siding

About This Home

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. New boiler in December 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. Listing Agent is part-owner in property. Located across the street from the newly renovated Towne Center Apartments (formerly motel), a block from Albertson's, just east of the Railroad Park, the home of the Mountain Home Farmer's Market. Minutes from I-84 and Mountain Home Airforce Base.

Listing Agent

Gregg Davis

KW Commercial Brokerage Phone: 208-475-1313 Listed on: 01/29/2026

KW Commercial

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,662

Year Built

  • Built in 1895

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 119x81

Parking

  • 6 Parking Spaces

Home Design

  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 4,284 Sq Ft Home
  • Vinyl Flooring
  • Stove

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 8 Bathrooms

Schools

  • Mtn Home Elementary And Middle School
  • Mountain Home High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number RPA009000A022A

Community Details

Overview

  • Property has a Home Owners Association
  • 8 Units

Building Details

  • Operating Expense $22,196
  • Gross Income $77,430
  • Net Operating Income $55,234

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,662

Year Built

Built in 1895

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Year Built: 1895
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Lot Size: 119x81
  • CapRate: 7.27
  • Ownership: Less Than Fee Simple
  • Subdivision Name: Mtn Home Twnst
  • Attribution Contact: Main: 208-475-1313
  • Special Features: None

Interior Features

  • Heating: Natural Gas, Other
  • Appliances: Disposal (No Units), Stove/Range (All Units), Refrigerator (All Units), Washer/Dryer (No Units)
  • Total Bedrooms: 7
  • Flooring: Vinyl
  • Living Area: 4284

Exterior Features

  • Roof: Composition
  • Construction Type: Frame, Wood Siding

Garage/Parking

  • Total Parking Spaces: 6

Utilities

  • Cooling: Some Units, Wall/Window Unit(s)
  • Water Source: City Service
  • Laundry Features: Washer/Dryer Hookups (No Units)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Sewer Connected

Condo/Co-op/Association

  • Association: Yes

Schools

  • Elementary School: Mtn Home
  • Junior High Dist: Mountain Home School District #193
  • High School: Mountain Home
  • Middle Or Junior School: Mtn Home

Lot Info

  • Lot Features: Standard Lot 6000-9999 SF, Sidewalks
  • Parcel Number: RPA009000A022A
  • Current Use: 5+ Units
  • Lot Size Sq Ft: 9583.2
  • Zoning Description: C2

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 1662

Multi Family

  • Number Of Units Total: 8
  • Annual Gross Income: 77430
  • Property Net Operating Income: 55234
  • Annual Operating Expense: 22196
  • Total Actual Rent: 5783
  • Above Grade Finished Area Units: Square Feet

Map

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Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,710 $103,656 $38,400 $65,256
2024 $1,710 $94,524 $35,200 $59,324
2023 $1,613 $94,524 $35,200 $59,324
2022 $1,635 $94,524 $35,200 $59,324
2021 $1,775 $83,371 $29,440 $53,931
2020 $1,921 $83,371 $29,440 $53,931
2019 $2,135 $83,371 $29,440 $53,931
2018 $2,299 $83,371 $29,440 $53,931
2017 $2,349 $83,371 $29,440 $53,931
2016 $2,352 $83,371 $29,440 $53,931
2015 -- $0 $0 $0
2012 -- $83,331 $29,400 $53,931
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/29/2026 01/29/26 For Sale $760,000 +253.5% $177 / Sq Ft
06/16/2020 06/16/20 Sold -- -- -- View Prior Sale
04/20/2020 04/20/20 Pending -- -- --
04/11/2020 04/11/20 For Sale $215,000 0.0% $50 / Sq Ft
04/11/2020 04/11/20 Price Changed $215,000 +5.9% $50 / Sq Ft
03/11/2020 03/11/20 Price Changed $203,000 -18.1% $47 / Sq Ft
02/11/2020 02/11/20 Pending -- -- --
01/24/2020 01/24/20 For Sale $248,000 0.0% $58 / Sq Ft
10/25/2019 10/25/19 Pending -- -- --
10/22/2019 10/22/19 Price Changed $248,000 -7.1% $58 / Sq Ft
10/13/2019 10/13/19 Price Changed $267,000 -4.3% $62 / Sq Ft
10/01/2019 10/01/19 Price Changed $279,000 -3.5% $65 / Sq Ft
09/20/2019 09/20/19 For Sale $289,000 0.0% $67 / Sq Ft
09/20/2019 09/20/19 Price Changed $289,000 -6.5% $67 / Sq Ft
09/13/2019 09/13/19 Pending -- -- --
09/11/2019 09/11/19 For Sale $309,000 -- $72 / Sq Ft
Source: Intermountain MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Empire Title Llc
Warranty Deed -- Pioneer Title Co
Warranty Deed -- Pioneer Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $150,000 Stand Alone Second
Previous Owner $114,400 Construction
Previous Owner $80,000 Commercial
Source: Public Records

Source: Intermountain MLS

MLS Number: 98973083

Intermountain MLS

APN: RPA009000A022AA

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