$995,000
Price decreased by $55,000 on Oct 02, 2026

Multi Family In Idaho Falls

  • 12 Beds
  • 10 Baths
  • 5,900 Sqft
  • 15,499 Sqft lot
  • Updated: October 2
  • Source:
    Snake River Regional MLS  MLS#2187531

About the Property

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 Ai
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 across well-maintained separate buildings with off-street parking. With no HOA, public utilities, low 2025 taxes of just $4,489, and leases already in place, the heavy lifting is done. Whether you’re deploying a 1031 exchange, adding to an existing portfolio, or making your first commercial-scale move this is the kind of asset that holds value, attracts tenants, and quietly builds wealth.
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  • Property type

    Other

  • Year built

    1940

  • Price/sqft

    $168

Features

  • Garage
  • Garden
  • Investment Property
  • Parking
  • Air Conditioning
  • Stone Countertops
  • High Ceiling
  • Basement

Explore the Area

224 Water Avenue, Idaho Falls, Idaho, United States View on Google Maps
Price per sqft
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Silvercreek Realty Group - Idaho Falls

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Silvercreek Realty Group - Idaho Falls
Idaho, United States
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22
Listings
2026
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Silvercreek Realty Group - Idaho Falls
Idaho Falls, Idaho, United States
View agency profile
Last updated
October 2
First listed
July 4
Listing reference
2187531
Listing status
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