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2260 Richards Ave, Idaho Falls, ID, 83404

5beds
2baths
2,484sqft
$450,000
$181price/sqft
$2,764/moest. monthly cost
$110,560/yrincome needed

About This Home

Real Estate Investors, look no further for your next investment property. This property has a way of making you fall in love right away. This is a charming split-entry duplex with private entrances for each unit. Amongst several features making this a highly desirable property, location is top of the list. All the most popular grocery stores, restaurants, fast food, shopping, entertainment, numerous parks, the greenbelt river walk, and all 3 hospitals are within just 10 minutes of this property. It is nestled in a quiet and safe neighborhood, helping to attract only the highest quality tenants. Another desirable feature of this duplex is that numerous parts of this property have been updated within the last five years. The deck, the basement kitchen, the basement flooring, the basement bathroom, all new bedroom doors throughout both units, both units are newly painted, new exterior vinyl siding, a new metal roof, and updated landscaping. The upstairs is a very spacious 2 bed 1 bath, 1242 sq ft apartment featuring a shaded and serene outdoor deck, perfect for grilling and watching sunsets. It features a spa tub, and a stackable LG washer and dryer. The kitchen is the centerpiece of this unit and it has plenty of cabinet space. This unit includes a convenient covered carport as well as a backyard shed for additional storage. It is back-door entrance. The downstairs is a 3 bed 1 bath 1242 sq ft apartment featuring a beautiful newly updated kitchen with all new stainless steel appliances, as well as new cabinets. It features an airy and modern updated bathroom with a custom tile shower, and new LVP flooring, as well as a stackable LG washer and dryer. This unit includes the 2 car garage and the front-door entrance. The upstairs (unit 2) is renting at $1350 rent + $150 utilities The basement (unit 1) is renting at $1525 rent + $150 utilities Both units have been recently filled with new tenants each with 12 month contracts. There are 2 ring cameras located on the property. Fiber internet was recently installed, both units are on one internet network. Each unit includes a permanent flatscreen TV in the living rooms. Utilities are a flat rate fee at $150 per month per unit. Schedule a tour today before this rare opportunity passes you by.

Getting Around

56
WalkingSomewhat Walkable
0
TransitVery Limited Transit
63
BikeBikeable

Schools

5/10
6/10

Construction

Condition

  • Year built: 1967

Materials

  • Foundation: Concrete
  • Roof: Metal
  • Construction materials: Wood

Type & Style

  • Home type: MultiFamily

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Heating & Cooling

  • Heating features: Radiant
  • Cooling features: None

Interior Area

  • Total interior livable area: 2,484 sqft

Property

Details

  • Parcel number: RPA2660002004O

Features

  • Exterior features: Other

Lot

  • Lot size: 0.31 Acres

Parking

  • Total spaces: 5
  • Parking features: Garage - Attached

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Earthquake
Hail
Inland Flooding
Lightning
Winter Weather

FEMA Declared Disasters in Bonneville County and Idaho

Fire
Mud Landslide

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,275$27,300
Home Insurance $151$1,812
Property Taxes $187$2,244
Electricity $151$1,822
Total$2,764$33,168

Income You'd Need if You Spent...

35% on housing$94,765/yr
40% on housing$82,920/yr
45% on housing$73,706/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.3%
8.3%
0%30.0%
Electricity Growth Rate10-year average: -0.1%
-0.1%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$181This listing

vs Other Active Listings

Avg $/sqft

ZIP 83404$161
Bonneville County$322

vs Homes Sold Last Month

Median $/sqft

ZIP 83404$161
Bonneville County$167

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-18Listed for sale$450,000
2024-03-22Sold--
2023-09-26Price change$398,000
2023-08-29Price change$419,000
2023-07-07Listed for sale$439,000

For Sale by Owner

AgentProperty Owner

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