We study the classical expander codes, introduced by Sipser and Spielman \cite{SS96}. Given any constants $0< α, \varepsilon < 1/2$, and an arbitrary bipartite graph with $N$ vertices on the left, $M < N$ vertices on the right, and left degree $D$ such that any left subset $S$ of size at most $αN$ has at least $(1-\varepsilon)|S|D$ neighbors, we show that the corresponding linear code given by parity checks on the right has distance at least roughly $\frac{αN}{2 \varepsilon }$. This is strictly better than the best known previous result of $2(1-\varepsilon ) αN$ \cite{Sudan2000note, Viderman13b} whenever $\varepsilon < 1/2$, and improves the previous result significantly when $\varepsilon $ is small. Furthermore, we show that this distance is tight in general, thus providing a complete characterization of the distance of general expander codes. Next, we provide several efficient decoding algorithms, which vastly improve previous results in terms of the fraction of errors corrected, whenever $\varepsilon < \frac{1}{4}$. Finally, we also give a bound on the list-decoding radius of general expander codes, which beats the classical Johnson bound in certain situations (e.g., when the graph is almost regular and the code has a high rate). Our techniques exploit novel combinatorial properties of bipartite expander graphs. In particular, we establish a new size-expansion tradeoff, which may be of independent interests.