Homes for sale · Idaho Falls
224 S Water Avenue
Idaho Falls, ID 83402
$995,000
Was $1,100,000
1 / 82- Beds
- 12
- Baths
- 10
- Sqft
- 5,900
- On market
- 91 days
- Year
- 1940
- Lot
- 0.36 ac
- Type
- Residential Income
Listed by Eli Dahlin · Silvercreek Realty Group
Schools
- Elementary
- Hawthorne 91EL
- Middle
- Taylor View 91JH
- High
- Idaho Falls 91HS
Assigned schools from the MLS listing. Confirm boundaries with the district before you write.
About this home
Don't miss this exceptional opportunity to acquire a multi-family portfolio in the heart of Idaho Falls. This offering packages three separate buildings and a detached garage into one powerful income producing asset: 224 S Water Ave, 240 S Water Ave, 170 Maple St, and a bonus detached 2-stall garage. The numbers speak for themselves. With 8 of 10 units currently active, including a cash-flowing Airbnb unit, the portfolio generates $8,175/month ($98,100/year) in gross rent at over a 7.12% cap rate. Two units are actively being marketed, and once filled, the stabilized cap rate climbs to almost 10%. 5,900 total square feet across the portfolio means low price-per-square-foot and room to grow. Every unit is move-in ready and comes with a refrigerator and range. Tenants enjoy individual units
Open virtual tourEstimated payment
$5,992/mo
20% down · 6.75% · 30 yr · taxes & insurance included
- Principal & interest
- $5,163
- Est. property tax
- $597
- Est. insurance
- $232
Local estimate (~0.72% of price per year, not a lender quote). Bonneville County levy rates vary by tax code area — we'll run exact numbers on tour.
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