501 E Grove Ave, Parma, ID 83660 (MLS # 98954345)

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Listed with Silvercreek Realty Group

PRICE $400,000
BEDS 3
BATHS 3
HOME SIZE 2,712 sqft
LOT SIZE 6,970 sqft

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.

DAYS ON MARKET 6 LAST UPDATED 7/11/2025
TRACT Parma Original YEAR BUILT 1935
COMMUNITY Parma - 1292 COUNTY Canyon
STATUS Active PROPERTY TYPE(S) Single Family

SCHOOLS
Elementary School Parma
Jr. High School Parma Jr
High School Parma


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
APPLIANCES Dishwasher, Dryer, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer
AREA Parma - 1292
CONSTRUCTION Frame, Stucco
HEAT Forced Air, Natural Gas
INTERIOR Granite Counters
LOT 6970 sq ft
LOT DESCRIPTION Corner Lot
LOT DIMENSIONS 140x50
SUBDIVISION Parma Original
UTILITIES Sewer Connected, Cable Connected
WATER Public

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Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 7/16/25 8:28 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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