246 S 2nd E, Rexburg, ID 83440

• 4 beds |
• 2 baths |
• 1,624 sqft

Property Description

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.

Listing Status:

Active

Data Last Updated:

July 4, 2026 at 10:27PM

Listing Office:

Keller Williams Realty East Idaho : 208-529-8888

MLS ID:

2186952

Interior

• General: Additional Dwelling UnitGame RoomMain Floor Family RoomNew Paint-Full
• Appliances: DishwasherDryerMicrowaveElectric RangeRefrigeratorWasher
• Laundry: In Basement
• Basement: DaylightEgress WindowsFinishedFull
• Flooring: Luxury VinylCarpet
• A/C: Wall/Window Unit(s)
• Heating: Natural GasForced Air
• Fireplace: None

Exterior

• General: Shed(s)
• Style: Traditional
• Parking: No GarageAsphaltDirt

Construction

• Roofing: Asphalt Shingle
• General: FrameBrickStuccoShake SidingOneConcrete Perimeter

Location

• Originating MLS: Snake River
• County: Madison

Lot

• Zoning: See Attached Legal Exhibit "A"RPR000P0042890
• Fencing: None

Utilities

• Utilities: Rocky Mountain Power
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Snake River
• Exclusions: Tenant's Personal Property In Adu