1221 Sage Ave, Idaho Falls, ID 83402

$395,000
: 5
BD
: 3
BA
: 3,424
SqFt

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List Price: $395,000
Status: ACTIVE
MLS#: 2187466
Subtype: Residential Income
Year Built: 1920
Bedrooms: 5
Bathrooms: 3
Full Baths: 3
Living Area: 3,424
Lot Size: 6,969
Price Per Sqft: $115
Acres: 0.16
Subdivision: Riverside Subdivision-Bon

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Property Description

Located in the heart of downtown Idaho Falls, this meticulously maintained triplex sits within pristine walking distance to the Snake River, the Idaho Falls Greenbelt, and downtown amenities. Whether you want a turnkey addition to your portfolio or the ultimate "house hack" to live nearly mortgage-free, this property delivers. One unit is intentionally left vacant, allowing an owner-occupant to move right in at closing and let the two existing leases heavily subsidize their housing costs! The heavy lifting has been done: features include a long-lasting metal roof, fresh exterior paint, upgraded furnaces, and upgraded water heaters. Overhead is kept incredibly low with separate electric meters and separate heating for every single unit—tenants pay their own utilities! The largest premium unit includes its own in-unit laundry, while the other two layouts maximize space. Ample street parking is paired with off-street parking on a dedicated concrete pad. A separate main-level storage area is perfect for lawn equipment, while the basement houses the upgraded mechanicals. Offering strong rental income potential and a low-maintenance setup, this rare downtown cash-cow is an incredible opportunity. Schedule your showing today!

(208) 606-3387

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