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501 E Grove Ave, 
Parma, ID 83660

$400,000


3

Beds


3

Baths


1,160

Sq Ft


Single Family

Active

Listed by

Tj Eardley

Silvercreek Realty Group

208-377-0422

Last updated:

July 12, 2025, 12:37 AM

MLS#

98954345

Source:

ID IMLS

About This Home

501 E Grove Ave

Unlock Unrivaled Potential in Parma! This unique property presents a great opportunity for an investor or an owner-occupant ready to build equity and generate income. The main residence spans 1832 sq ft, featuring an unfinished basement (approximately 670 sq ft) that offers a solid foundation for your creative vision and future expansion. While updated about 10 years ago, there's ample room to customize and truly make it your own. Adding significant value is the separate, income-generating 800 sq ft ADU (Accessory Dwelling Unit), currently bringing in a reliable $1200/month in rental income! With two distinct living spaces, this property offers incredible flexibility: you have the powerful option to live in one and rent the other, or maximize your investment by renting both units for substantial cash flow. Don't miss this chance to own a versatile property with significant income potential and room for appreciation in the growing community of Parma. This isn't just a house; it's an investment in your future.

Home Facts

Single Family

3 Baths

3 Bedrooms

Built in 1935

Price Summary

400,000

$344 per Sq. Ft.

MLS #:

98954345

Last Updated:

July 12, 2025, 12:37 AM

Added:

23 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

1,160 Sq. Ft.


Structure

Structure

Building Area:

2,712 Sq. Ft.

Year Built:

1935


Lot

Lot Size (Sq. Ft):

6,969


Finances & Disclosures

Finances

Price:

$400,000

Price per Sq. Ft:

$344 per Sq. Ft.

Source:ID IMLS
Property information provided by the RAFGC MLS – a service of the REALTOR® Association of Franklin & Gulf Counties.

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.