269-271 S Water Avenue, IDAHO FALLS, ID 83402 (MLS # 2189317)
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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!
| DAYS ON MARKET | 1 | LAST UPDATED | 10/19/2026 |
|---|---|---|---|
| TRACT | ORIGINAL TOWNSITE | YEAR BUILT | 1920 |
| COUNTY | Bonneville | STATUS | Pending |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | HAWTHORNE 91EL |
|---|---|
| Jr. High School | EAGLE ROCK 91JH |
| High School | SKYLINE 91HS |
| ADDITIONAL DETAILS | |
| APPLIANCES | Dishwasher, Refrigerator |
|---|---|
| BASEMENT | Crawl Space, Partial, Unfinished, Yes |
| CONSTRUCTION | Metal Siding |
| HEAT | Baseboard, Electric |
| LOT | 3920 sq ft |
| SEWER | Public Sewer |
| SUBDIVISION | ORIGINAL TOWNSITE |
| TAXES | 2436 |
| WATER | Public |
| ZONING | IDAHO FALLS-R2-MIXED RES |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Coldwell Banker Tomlinson
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