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269-271 Water Avenue, 
Idaho Falls, ID 83402

$250,000


4

Beds


2

Baths


1,536

Sq Ft


Multi-Family

Active

208-243-7334

Last updated:

October 11, 2026, 06:58 PM

MLS#

2189317

Source:

ID SRMLS

Company Logo

About This Home

269-271 Water Avenue

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!

Home Facts

Multi-Family

2 Baths

4 Bedrooms

Built in 1920

Subdivision & Development:

ORIGINAL TOWNSITE

Price Summary

250,000

$162 per Sq. Ft.

MLS #:

2189317

Last Updated:

October 11, 2026, 06:58 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,536 Sq. Ft.


Structure

Structure

Building Area:

1,536 Sq. Ft.

Year Built:

1920


Lot

Lot Size (Sq. Ft):

3,920


Finances & Disclosures

Finances

Price:

$250,000

Price per Sq. Ft:

$162 per Sq. Ft.

269-271 Water Avenue
Source:ID SRMLS
The information being provided by Snake River Regional Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Snake River Regional Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.