See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

405 N 2 E, Mountain Home, ID, 83647

7beds
8baths
4,284sqft
$715,000
$167price/sqft
$4,451/moest. monthly cost
$178,040/yrincome needed

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.

Getting Around

81
WalkingVery Walkable
0
TransitVery Limited Transit
55
BikeBikeable

Schools

2/10
Hacker Middle SchoolGrades 5-60.3 mi
4/10

Construction

Condition

  • Year built: 1895

Materials

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

Type & Style

  • Home type: MultiFamily
  • Property subType: Apartment,Multi Family

Interior

Appliances

  • Appliances included: Disposal (No Units),Stove/Range (All Units),Refrigerator (All Units),Washer/Dryer (No Units)
  • Laundry features: Washer/Dryer Hookups (No Units)

Bedrooms & Bathrooms

  • Bedrooms: 7
  • Bathrooms: 8

Features

  • Unit 1 Baths: 1,Unit 2 Baths: 1,Unit 3 Baths: 1,Unit 4 Baths: 1,Unit 6 Baths: 1,Unit 7 Baths: 1,Unit 8 Baths: 1
  • Flooring: Vinyl

Heating & Cooling

  • Heating features: Natural Gas,Other
  • Cooling features: Wall/Window Unit(s),Varies by Unit

Interior Area

  • Total structure area: 4,284
  • Total interior livable area: 4,284 sqft

Property

Details

  • Parcel number: RPA009000A022A
  • Zoning: C2

Lot

  • Lot size: 9,583 sqft
  • Features: Standard Lot 6000-9999 SF,Sidewalks
  • Lot size dimensions: 119 x 81

Parking

  • Total spaces: 6

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindRelatively High
  • Wildfire
    WildfireRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Strong Wind
Wildfire
Winter Weather
Heat Wave
Lightning

FEMA Declared Disasters in Elmore County and Idaho

Fire
Mud Landslide

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,615$43,380
Home Insurance $218$2,616
Property Taxes $357$4,284
Electricity $261$3,142
Total$4,451$53,412

Income You'd Need if You Spent...

35% on housing$152,605/yr
40% on housing$133,530/yr
45% on housing$118,693/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.5%
9.5%
0%30.0%
Electricity Growth Rate10-year average: -0.1%
-0.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.8%
-1.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$167This listing

vs Other Active Listings

Avg $/sqft

ZIP 83647$159
Elmore County$175

vs Homes Sold Last Month

Median $/sqft

ZIP 83647$212
Elmore County$209

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

No price history available

For Sale by Agent

AgentGregory Davis
BrokerageKW Commercial

Similar Homes