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For sale
    • $395,000

    1221 Sage Ave, Idaho Falls, ID 83402

    5beds
    3,424sqft
    : 
    $2,453/mo
    Get pre-qualified
    Triplex
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $115/sqft
    $-- HOA

    What's special

    Upgraded water heatersLong-lasting metal roofFresh exterior paintSeparate main-level storage areaUpgraded furnacesAmple street parking
    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!
    31 days
    |
    849
    |
    53
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Dustin Hawkins 208-821-2832,

    Axen Realty,

    Idaho Agents Real Estate,

    Axen Realty

    Source: SRMLS,MLS#: 2187466MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Natural Gas, Separate Heat
      Cooling
      • None
      Appliances
      • Included: Dishwasher, Dryer, Refrigerator, Oven, Washer, Stove, Separate Water Heaters
      • Laundry: Laundry Hookups
      Features
      • Basement: Partial,Unfinished
      Interior area
      • Total structure area: 3,424
      • Total interior livable area: 3,424 sqft
      • Finished area above ground: 2,330
      • Finished area below ground: 1,094
      Video & virtual tour

      Property

      Parking
      • Parking features: Off Street
      • Has uncovered spaces: Yes
      Lot
      • Size: 6,969 Square Feet
      • Features: Corner Lot, Level, Interstate Exit/Access, Near Green Belt, Near Stream/River, Established Lawn, Many Trees
      Details
      • Parcel number: RPA2020077006O
      • Zoning description: General Zoning: If Low Density Res,Specific Zoning: Idaho Falls-Tn-Traditional Nbh

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Triplex
      Materials
      • Frame, Primary Exterior Material: Hardboard/Composition
      • Foundation: Concrete Perimeter
      • Roof: Metal
      Condition
      • Existing
      • New construction: No
      • Year built: 1920

      Utilities & green energy

      • Electric: Idaho Falls Power, Separate Power Meters
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Riverside Subdivision-Bon
      HOA
      • Has HOA: No
      Location
      • Region: Idaho Falls

      Financial & listing details

      • Price per square foot: $115/sqft
      • Tax assessed value: $355,322
      • Annual tax amount: $2,856
      • Date on market: 7/1/2026
      • Listing terms: Cash,Conventional,1031 Exchange,FHA,VA Loan
      • Inclusions: 3 Fridges, 3 Oven/Range, 1 Washer And Dryer
      • Exclusions: Tenant Property
      • Tenant pays: Gas, Electricity, Sewer, Trash Collection, Water

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,040/mo

        Price history

        DateEventPrice
        7/1/2026Listed for sale$395,000+19.7%$115/sqft
        Source: SRMLS #2187466 Report a problem
        1/12/2024Sold--
        Source: Agent Provided Report a problem
        11/27/2023Pending sale$330,000$96/sqft
        Source: PCTMLS #573909 Report a problem
        11/15/2023Price change$330,000-5.7%$96/sqft
        Source: SRMLS #2155636 Report a problem
        7/13/2023Listed for sale$350,000+59.1%$102/sqft
        Source: SRMLS #2155636 Report a problem
        10/20/2020Listing removed$220,000$64/sqft
        Source: Keller Williams Realty East Idaho #2132380 Report a problem
        9/22/2020Listed for sale$220,000$64/sqft
        Source: Keller Williams Realty East Idaho #2132380 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,958 -18.7%$355,322 -7.4%
        2024$3,637 -8%$383,835 +1%
        2023$3,951 +11.3%$380,205 +14.9%
        2022$3,550 +104.6%$330,970 +45.2%
        2021$1,735 -28.4%$227,930 +100.2%
        2020$2,422 +39.6%$113,840 +3.2%
        2019$1,735 -28.4%$110,280 -15.6%
        2018$2,422 +19.5%$130,640 +15%
        2017$2,027 +5.6%$113,570 +9.1%
        2016$1,918 $104,095 +19.6%
        2015$1,918 +11.6%$87,003
        2014$1,719 $87,003 -8.3%
        2013-- $94,831 +0.7%
        2012-- $94,156 +2.3%
        2011$1,831 -1.5%$91,996 -8.4%
        2010$1,858 -3.7%$100,444 -6.9%
        2009$1,931 $107,887
        2007-- --
        2005$1,848 +0.2%--
        2004$1,843 -0.8%--
        2003$1,859 -1.4%--
        2002$1,885 +4.2%--
        2000$1,808 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 83402

        Getting around

        75 / 100
        Very Walkable
        71 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: BUSH 91EL
        • Middle: EAGLE ROCK 91JH
        • High: SKYLINE 91HS

        Source: SRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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