About 501 E Grove Ave
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.
Features of 501 E Grove Ave
| MLS® # | 98954345 |
|---|---|
| Price | $400,000 |
| Bedrooms | 3 |
| Bathrooms | 3.00 |
| Square Footage | 1,160 |
| Acres | 0.16 |
| Year Built | 1935 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 501 E Grove Ave |
|---|---|
| Area | Parma - 1292 |
| Subdivision | Parma Original |
| City | Parma |
| County | Canyon |
| State | ID |
| Zip Code | 83660 |
Amenities
| Utilities | Sewer Connected, Cable Connected |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
| Has A View | No |
| Has a Golf Course | No |
| Master Bedroom on Main | Yes |
| Land Use | Single Family |
Interior
| Structure & Interior Features | Bath-Master, Bed-Master Main Level, Granite Counters, Solid Surface Counters |
|---|---|
| Appliances | Electric Water Heater, Dishwasher, Microwave, Oven/Range Freestanding, Refrigerator, Washer, Dryer |
| Heating | Forced Air, Natural Gas |
| Cooling | Central Air |
| Fireplace | No |
| Stories | Two Story w/ Below Grade |
Exterior
| Lot Description | Standard Lot 6000-9999 SF, Corner Lot, Manual Sprinkler System |
|---|---|
| Roof | Metal |
School Information
| District | Parma School District #137 |
|---|---|
| Elementary | Parma |
| Middle | Parma Jr |
| High | Parma |
Additional Information
| Date Listed | July 11th, 2025 |
|---|---|
| Days on Market | 3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Taxes | $0 |
Listing Details
| Office | Silvercreek Realty Group |
|---|---|
| Contact Info | broker@silvercreekrealty.com |