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.
For sale
$569,000
246 S 2 E, Rexburg, ID 83440
4beds
1,624sqft
Single Family Residence
Built in 1918
8,276 Square Feet Lot
$551,400 Zestimate®
$350/sqft
$-- HOA
What's special
Adorable bungalow-style homeHistoric charmInviting living spacesModern updates
- 28 days |
- 473 |
- 33 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Ryan Lerwill 208-351-4373,
Keller Williams Realty East Idaho,
Jeff Lerwill 208-351-7300,
Keller Williams Realty East Idaho
Source: SRMLS,MLS#: 2186952
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Rooms
- Room types: Additional Dwelling Unit
Family room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Basement
Basement
- Area: 812
Heating
- Natural Gas, Forced Air
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
- Laundry: In Basement
Features
- New Paint-Full, Game Room, Main Floor Family Room
- Flooring: Luxury Vinyl, Carpet
- Basement: Daylight,Egress Windows,Finished,Full
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,624
- Total interior livable area: 1,624 sqft
- Finished area above ground: 812
- Finished area below ground: 812
Video & virtual tour
Property
Parking
- Parking features: No Garage, Asphalt, Dirt
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: 2, Deck, Porch
- Fencing: None
Lot
- Size: 8,276 Square Feet
- Features: High Traffic, Near Mall/Shop, Near Schools, Near University/College, Established Lawn, Many Trees, Sprinkler-Auto, Sprinkler System Full
Details
- Additional structures: Shed(s)
- Parcel number: RPR000P0042890
- Zoning description: Rexburg-High Density Resid 2
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame, Primary Exterior Material: Brick, Primary Exterior Material: Stucco, Primary Exterior Material: Shake Siding
- Foundation: Concrete Perimeter
Condition
- Year built: 1918
Utilities & green energy
- Electric: Rocky Mountain Power
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Parker Addition-Mad
HOA
- Has HOA: No
Location
- Region: Rexburg
Financial & listing details
- Price per square foot: $350/sqft
- Tax assessed value: $301,484
- Annual tax amount: $2,977
- Date on market: 6/9/2026
- Listing terms: Cash,Conventional,1031 Exchange
- Inclusions: All Kitchen Appliances (2 Refrigerators, 2 Range/Ovens, 2 Microwaves, 1 Dishwasher, 2 Sets Of Washer & Dryers) In The Main Home, All Furnishings Are Included Turn Key For The Operation Of Nightly Rental.
- Exclusions: Tenant's Personal Property In Adu
Estimated market value
$551,400
$524,000 - $579,000
$1,790/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/2/2026 | Listing removed | $1,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/17/2026 | Listed for rent | $1,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/9/2026 | Listed for sale | $569,000+90.3%$350/sqft |
Source:  SRMLS #2186952 Report a problem | ||
| 11/29/2024 | Listing removed | $1,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/25/2024 | Listed for rent | $1,100-35.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/27/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/11/2023 | Price change | $1,700-5.6%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/28/2023 | Listed for rent | $1,800+125%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/11/2021 | Listing removed | -- |
Source: SRMLS #2134127 Report a problem | ||
| 2/11/2021 | Pending sale | $299,000$184/sqft |
Source: SRMLS #2134127 Report a problem | ||
| 1/21/2021 | Listed for sale | $299,000$184/sqft |
Source: SRMLS #2134127 Report a problem | ||
| 5/14/2020 | Listing removed | $800 |
Source: Blue Sky Property Management Report a problem | ||
| 5/8/2020 | Listed for rent | $800 |
Source: Blue Sky Property Management Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,908 -3.4% | $301,484 +1.7% |
| 2024 | $3,010 +63.9% | $296,484 +5.4% |
| 2023 | $1,837 | $281,191 +10.2% |
| 2022 | -- | $255,277 +49.7% |
| 2021 | $1,567 -22.7% | $170,498 +16.7% |
| 2020 | $2,028 -7.5% | $146,081 +10.8% |
| 2019 | $2,194 -1.1% | $131,858 +8.5% |
| 2018 | $2,219 +9% | $121,546 +3.6% |
| 2017 | $2,035 | $117,273 +0.8% |
| 2016 | $2,035 +3.6% | $116,391 -20.2% |
| 2015 | $1,964 | $145,857 +37.7% |
| 2013 | $1,964 | $105,900 |
| 2012 | -- | $105,900 -1.9% |
| 2011 | -- | $107,902 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 83440
Nearby schools
GreatSchools rating
- 5/10Lincoln Elementary SchoolGrades: K-4Distance: 0.3 mi
- NAMadison Junior High SchoolGrades: 7-9Distance: 0.7 mi
- 10/10Madison Senior High SchoolGrades: 10-12Distance: 2.5 mi
Schools provided by the listing agent
- Elementary: LINCOLN 321EL
- Middle: MADISON 321JH
- High: MADISON 321HS
Source: SRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Idaho
- Madison County
- Rexburg
- 83440
- 246 S 2 E
Nearby cities
Nearby zip codes
Other Rexburg Topics
