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$569,000

Est. payment - /mo

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4 Beds

2 Baths

1,624 SqFt

New

246 S 2nd E Rexburg, ID 83440

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dustinandgarrett@gmail.com +1(208) 586-3066

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,624 sqft

Price per Sqft $350

Subdivision Parker Addition-Mad

MLS Listing ID 2186952

Style Traditional

Bedrooms 4

Full Baths 2

Year Built 1918

Annual Tax Amount $2,977

Tax Year 2026

Lot Size 8,276 Sqft

Acres 0.19

Property Sub-Type Single Family Residence

Property Description

Step into a rare Rexburg opportunity where historic charm, modern updates, and exceptional income potential come together on one property. This adorable bungalow-style home has been thoughtfully updated throughout while preserving the character and warmth that make historic homes so desirable. Currently operating as a successful nightly rental with a strong occupancy history, the main residence features 4 bedrooms, 2 full bathrooms, inviting living spaces, and the kind of timeless appeal guests and homeowners alike are drawn to. Adding even more value is the fully approved accessory dwelling unit (ADU) situated on the west side of the property. This separate 1-bedroom, 1-bathroom residence currently has a tenant in place, providing immediate income and creating a true dual-income investment opportunity. Location is everything, and this property delivers. Situated just blocks from BYU-Idaho and within walking distance to downtown Rexburg's shopping, dining, and amenities, the demand for both short-term and long-term housing remains strong. Whether you're looking to expand your investment portfolio, offset your mortgage with rental income, or own a unique property with multiple revenue streams, this is an opportunity you won't want to miss.

Location

State ID

County Madison

Area 1624

Zoning Rexburg-High Density Resid 2

Rooms

Basement Daylight, Egress Windows, Finished, Full

Interior

Interior Features Additional Dwelling Unit, Game Room, Main Floor Family Room, New Paint-Full

Heating Natural Gas, Forced Air

Cooling Wall/Window Unit(s)

Flooring Luxury Vinyl, Carpet

Fireplaces Type None

Inclusions All Kitchen Appliances (2 Refrigerators, 2 Range/Ovens, 2 Microwaves, 1 Dishwasher, 2 Sets Of Washer & Dryers) In The Main Home, All Furnishings Are Included Turn Key For The Operation Of Nightly Rental.

Fireplace No

Appliance Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer

Laundry In Basement

Exterior

Parking Features No Garage, Asphalt, Dirt

Garage Description No Garage, Asphalt, Dirt

Fence None

View Y/N No

Roof Type Asphalt Shingle

Porch 2, Deck, Porch

Garage Yes

Private Pool No

Building

Lot Description Established Lawn, Many Trees, Sprinkler-Auto, Sprinkler System Full, High Traffic, Near Mall/Shop, Near Schools, Near University/College

Story One

Entry Level One

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Schools

Elementary Schools Lincoln 321El

Middle Schools Madison 321Jh

High Schools Madison 321Hs

Others

Senior Community false

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=2h2bBd4ATHM

Listed by Keller Williams Realty East Idaho

Nearby Locations

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Living In Idaho

Owner

+1(208) 586-3066