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$1,050,000
Monthly Est:$5,226
12 Beds
10 Baths10 full baths
5,900sqft
224 S Water Avenue, Idaho Falls, ID 83402
$1,050,000
$5,226/moEst:
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Multi Family
Built in 1940
$-- HOA
15,498.65 sqft lot
$178/sq.ft
Description
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-fo...
Continue Reading- Houzeo last checked: 12 minutes ago
- Listing updated: August 20, 2026 at 4:51 pm
- Listing Provided by: Eli Dahlin (208) 523-6111 | Silvercreek Realty Group (208) 523-6111
- Source: Snake River MLS-ID | MLS#: 2187531
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1940
HOA Fees
-
Finished Area
5,900 sqft
Lot Size
15,498.65 sqft lot
Basement Area
- sqft
MLS Name
Snake River MLS
MLS Number
2187531
MLS Status
Active
Days on Market
81
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Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 12
Bathrooms: 10
Interior
Sewer
Public Sewer
Heating
Electric
Cooling
None
Construction
Year Built
Year Built: 1940
Home type
Multi Family
Roof
Membrane, Metal
Construction Materials
Block, Frame, Block, Hardboard/composition
Foundation Details
Concrete Perimeter
Utilities & Energy
Basement
Finished, Partial
Electric
Separate Power Meters, Idaho Falls Power
Water Source
Public
Laundry Features
Coin Operated Laundry
Other Features
Subdivision Name
Original Townsite
Tenant Pays
Electricity, Sewer, Trash Collection, Water
Price History
| Date | Event | Price |
|---|---|---|
08/20/2026 Source: | Listed for Sale | $1,050,000 $178/sqft |
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Based on information from the Snake River Regional MLS through Sep 23, 2026, 12:00AM. IDX information is provided exclusively for consumers(U+0027) personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. While the data is considered reliable, it is not guaranteed by the MLS and should be independently verified for accuracy. © 2026 Snake River Regional Multiple Listing Service (owned and operated by the Greater Idaho Falls Association of REALTORS®, the Greater Blackfoot Association of REALTORS®, and the Upper Valley Association of REALTORS® . All Rights Reserved.
Advertising Broker: Michael Heslop | Jupidoor LLC
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