Great Rental property with 4 units offering great income potential. This 4-Plex features 2- Studio apartments, 1-1 bedroom apt, and 1–2 bedroom apt. Several of the units have been updated with new paint and vinyl flooring offering a contemporary feel. Most of the windows have also been updated and a NEW lower membrane roof was installed in 2023. Shared Laundry with coin operated laundry for tenant convenience and additional income potential for owner.
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Price Unknown
490 N Water Avenue, Idaho Falls, ID 83402
5beds
2,652sqft
Quadruplex
Built in 1910
-- sqft lot
$424,200 Zestimate®
$--/sqft
$1,170 Estimated rent
Home value
$424,200
Estimated sales range
Not available
$1,170/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Jordan Johnson,
eXp Realty LLC
Bought with:
Evolv Brokerage
Source: eXp Realty,MLS#: 2166547
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Electric, Baseboard
Cooling
- None
Appliances
- Included: Refrigerator, Oven, Stove
- Laundry: Coin Operated Laundry, Common Area
Features
- None
- Basement: Partial, Unfinished
Interior area
- Total structure area: 2,652
- Total interior livable area: 2,652 sqft
- Finished area above ground: 1,326
- Finished area below ground: 1,326
Property
Features
- Has view: Yes
- View description: None
Lot
- Size: 5,000 Square Feet
- Features: Near Schools, Established Lawn, Corner Lot
Details
- Parcel number: RPA1740033001A
- Zoning description: General Zoning: Tn-Trad Neigh, Specific Zoning: Idaho Falls-Tn-Traditional Nbh
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Wood Siding, See Remarks
- Foundation: Concrete Perimeter
- Roof: Membrane,Metal
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Original Townsite
HOA
- Has HOA: No
- Amenities included: None
Location
- Region: Idaho Falls
Financial & listing details
- Tax assessed value: $332,220
- Annual tax amount: $3,910
- Date on market: 4/29/2026
- Listing terms: Cash,Conventional,FHA
- Inclusions: Kitchen Appliances, Coin Operated Laundry
- Exclusions: Renter's Personal Property
- Tenant pays: Electricity, Sewer, Trash Collection, Water, Other
Price history
| Date | Event | Price |
|---|---|---|
| 10/14/2025 | Sold | -- |
Source: eXp Realty #207372128 Report a problem | ||
| 9/10/2025 | Pending sale | $425,000$160/sqft |
Source:  SRMLS #2166547 Report a problem | ||
| 11/11/2024 | Listing removed | $425,000$160/sqft |
Source: SRMLS #2166547 Report a problem | ||
| 10/9/2024 | Price change | $425,000-1.2%$160/sqft |
Source: SRMLS #2166547 Report a problem | ||
| 9/10/2024 | Listed for sale | $430,000$162/sqft |
Source: SRMLS #2166547 Report a problem | ||
| 8/26/2024 | Pending sale | $430,000$162/sqft |
Source: SRMLS #2166547 Report a problem | ||
| 7/17/2024 | Listed for sale | $430,000$162/sqft |
Source: SRMLS #2166547 Report a problem | ||
| 7/11/2024 | Pending sale | $430,000$162/sqft |
Source: SRMLS #2166547 Report a problem | ||
| 7/9/2024 | Listed for sale | $430,000+22.9%$162/sqft |
Source: SRMLS #2166547 Report a problem | ||
| 11/12/2021 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 8/13/2021 | Listed for sale | $350,000+191.7%$132/sqft |
Source: SRMLS #2138962 Report a problem | ||
| 8/30/2015 | Listing removed | $445 |
Source: Zillow Rental Network Report a problem | ||
| 8/28/2015 | Price change | $445-10.1% |
Source: Jacob Grant Property Management, Inc. Report a problem | ||
| 7/11/2015 | Listed for rent | $495 |
Source: Jacob Grant Property Management, Inc. Report a problem | ||
| 8/28/2014 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 2/26/2014 | Listed for sale | $120,000$45/sqft |
Source: HomePointe Realty Team #190978 Report a problem | ||
| 2/15/2013 | Listing removed | $120,000$45/sqft |
Source: Keller Williams Realty East Idaho #182076 Report a problem | ||
| 8/15/2012 | Listed for sale | $120,000$45/sqft |
Source: Keller Williams Realty East Idaho #182076 Report a problem | ||
| 4/28/2011 | Listing removed | $120,000$45/sqft |
Source: Keller Williams - East Idaho #168030 Report a problem | ||
| 8/1/2010 | Listed for sale | $120,000+41.3%$45/sqft |
Source: Systems Engineering, Inc. #168030 Report a problem | ||
| 11/6/2008 | Listing removed | $84,900$32/sqft |
Source: Coldwell Banker** #153883 Report a problem | ||
| 9/26/2008 | Price change | $84,900-5.1%$32/sqft |
Source: Coldwell Banker** #153883 Report a problem | ||
| 8/6/2008 | Listed for sale | $89,500$34/sqft |
Source: Coldwell Banker** #153883 Report a problem | ||
| 7/11/2008 | Sold | -- |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,675 -6% | $332,220 +0.5% |
| 2024 | $3,911 -7.5% | $330,457 -14% |
| 2023 | $4,226 +51.4% | $384,137 +13% |
| 2022 | $2,791 +21.4% | $339,808 +103.5% |
| 2021 | $2,298 -12.9% | $166,968 +14.4% |
| 2020 | $2,640 +14.9% | $145,888 |
| 2019 | $2,298 -12.9% | $145,888 +5.7% |
| 2018 | $2,640 +16.5% | $138,063 +11.5% |
| 2017 | $2,266 +89.2% | $123,868 +10% |
| 2016 | $1,198 | $112,605 -3.8% |
| 2015 | $1,198 +1.8% | $117,095 |
| 2014 | $1,177 -34.7% | $117,095 +30.4% |
| 2013 | $1,802 | $89,815 -3% |
| 2012 | -- | $92,605 -10% |
| 2011 | $2,060 +4.5% | $102,885 -7.4% |
| 2010 | $1,971 +0.5% | $111,100 +6.5% |
| 2009 | $1,961 | $104,300 -28.9% |
| 2007 | -- | $146,610 |
| 2005 | $1,977 +52.1% | -- |
| 2004 | $1,300 -5.5% | -- |
| 2003 | $1,375 -1.3% | -- |
| 2002 | $1,393 -2.8% | -- |
| 2000 | $1,433 | -- |
Find assessor info on the county website
Neighborhood: 83402
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Nearby schools
GreatSchools rating
- 4/10A H Bush Elementary SchoolGrades: PK-6Distance: 1.4 mi
- 5/10Taylorview Junior High SchoolGrades: 7-8Distance: 2.3 mi
- 6/10Idaho Falls Senior High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Emerson 91EL
- Middle: Taylor View 91JH
- High: Idaho Falls 91HS
Source: eXp Realty. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Idaho
- Bonneville County
- Idaho Falls
- 83402
- 490 N Water Avenue
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