246 S 2nd E, Rexburg, ID 83440

$569,000
: 4
BD
: 2
BA
: 1,624
SqFt

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List Price: $569,000
Status: ACTIVE
MLS#: 2186952
Subtype: Residential
Style: Traditional
Year Built: 1918
Bedrooms: 4
Bathrooms: 2
Full Baths: 2
Living Area: 1,624
Lot Size: 8,276
Price Per Sqft: $350
Acres: 0.19
Subdivision: Parker Addition-Mad

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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.

(208) 606-3387

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