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4 Beds
2 Baths
1,536 sqft

$250,000

269-271 S Water Avenue, Idaho Falls ID, 83402

Price per sqft$162.76
Built in1920
Property size1,536 sqft
Property typeMulti-family

Overview

Active

Listed Sep 17, 2026

Updated 5 days ago

Investment opportunity near downtown Idaho Falls! This side-by-side duplex offers a total of 4 bedrooms and 2 bathrooms, with each unit featuring 2 bedrooms and 1 bathroom. Both units offer a functional two-story layout with a comfortable living room and eat-in kitchen on the main level, while two bedrooms and a full bathroom are located upstairs. Each unit also has its own laundry hookups for added convenience. One unit features brand-new carpet and fresh interior paint, while the other is currently occupied by a long-term tenant, providing established rental income from day one. Whether you're looking to expand your rental portfolio or take advantage of an owner-occupied investment opportunity, this property offers plenty of possibilities. Live in one side while renting out the other to help offset your monthly expenses, or utilize both units as income-producing rentals. Additional features include a durable metal roof, metal siding, a storage shed, and on-street parking. Conveniently located near downtown Idaho Falls with easy access to shopping, dining, and everyday amenities. A great opportunity to own a versatile multi-family property in a central Idaho Falls location!

$1,663/mo

Est. mortgage payment based on a $250,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2189317

Interior Features

Bedrooms
4
Bathrooms
2
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.09 Acres

Other Property Details

Taxes
$2,436
Tax Frequency
Annually
MLS provider logo

Courtesy of Coldwell Banker Tomlinson, Amanda Mcfarland,
Listing Contact: 208-243-7334 

Based on information from Snake River Regional Multiple Listing Service as of 10/12/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated on 10/12/2026 at 2:40 AM UTC

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