501 E Grove Ave, Parma, ID 83660
Local realty services provided by:Better Homes and Gardens Real Estate 43° North
501 E Grove Ave,Parma, ID 83660
$400,000
- 3 Beds
- 3 Baths
- 1,160 sq. ft.
- Single family
- Active
Listed by:tj eardley
Office:silvercreek realty group
MLS#:98954345
Source:ID_IMLS
Price summary
- Price:$400,000
- Price per sq. ft.:$147.49
About this home
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.
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Home facts
- Year built:1935
- Listing ID #:98954345
- Added:75 day(s) ago
- Updated:September 04, 2025 at 02:14 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:3
- Living area:1,160 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Metal
- Year built:1935
- Building area:1,160 sq. ft.
- Lot area:0.16 Acres
Schools
- High school:Parma
- Middle school:Parma Jr
- Elementary school:Parma
Utilities
- Water:City Service
Finances and disclosures
- Price:$400,000
- Price per sq. ft.:$147.49
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