Parma, ID 83660 501 E Grove Ave
$400,000
16 more
Presented By: Silvercreek Realty Group
Beds • 3
Full/Half Baths • 2 / 1
SQFT • 2,712
Home Details
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.
Presented By: Silvercreek Realty Group
Interior Features for 501 E Grove Ave
Bedrooms
Bedroom 3 Area90
Bedroom 3 Length9
Bedroom 3 LevelUpper
Bedroom 3 Width10
Main Level Bedrooms1
Master Bedroom Area110
Master Bedroom Length11
Master Bedroom Width10
Primary Bedroom Level: First Floor169
Second Bedroom Length13
Second Bedroom LevelUpper
Second Bedroom Width13
Total Bedrooms3
Bathrooms
Main Level Bathrooms1.5
Total Baths3
Kitchen
Kitchen Area84
Kitchen Length7
Kitchen LevelMain
Kitchen Width12
Other Interior Features
LivingAreaSourcePublic Records
Above Grade Finished Area1160
Above Grade Finished Area SourcePublic Records
Above Grade Finished Area Unit TypeSquare Feet
Air Conditioning Y/NYes
Basement (Y/N)No
Below Grade Finished Area
Below Grade Finished Area SourcePublic Records
Below Grade Finished Area Unit TypeSquare Feet
Fireplace Y/NNo
FlooringCarpet, Vinyl Sheet
Heating Y/NYes
Interior AmenitiesBath-Master, Bed-Master Main Level, Granite Counters, Solid Surface Counters
Other Rooms
Kitchen Area84
Kitchen Length7
Kitchen LevelMain
Kitchen Width12
Living Room Area228
Living Room Length19
Living Room LevelMain
Living Room Width12
General for 501 E Grove Ave
Additional Parcels Y/NNo
AppliancesElectric Water Heater, Dishwasher, Microwave, Oven/Range Freestanding, Refrigerator, Washer, Dryer
Attached Garage No
Building Area UnitsSquare Feet
Carport Spaces
Carport Y/NNo
CityParma
Construction MaterialsFrame, Stucco
CoolingCentral Air
CountyCanyon
Current UseSingle Family
DirectionsTravel NW on Hwy 20-26 into Parma. 20-26 turns into E. Grove Ave. Located on corner of E. Grove and N. 5th St.
Elementary SchoolParma
Elementary School DistrictParma School District #137
FreeholdIDX, BBO
Garage Spaces
Garage Y/NNo
HOANo
HOA Fee$
HeatingForced Air, Natural Gas
High SchoolParma
High School DistrictParma School District #137
Home Warranty Y/NNo
Land Lease Y/NNo
LeasableAreaUnitsSquare Feet
Legal Description09-5N-5W Se Parma Original Lt 12 Blk 35
LevelsTwo Story w/ Below Grade
Listing TermsCash, Conventional, FHA, VA Loan
Living Area UnitsSquare Feet
Lot Size Square Feet6969.6
Lot Size UnitsAcres
MLS AreaParma - 1292
Middle/Junior High SchoolParma Jr
Middle/Junior School DistrictParma School District #137
ModificationTimestamp2025-07-14T06:01:53.000Z
New ConstructionNo
Occupancy TypeTenant
OwnershipFee Simple
Primary Bedroom LevelMain
Property Attached Y/NNo
Property SubtypeSingle Family Residence
Property TypeResidential
RoofMetal
Senior Community Y/NNo
Showing InstructionsAppointment Only
Standard StatusActive
StatusActive
Subdivision NameParma Original
Tax Annual Amount0
Tax Year2024
UtilitiesSewer Connected, Cable Connected
Year Built1935
Exterior for 501 E Grove Ave
Building Area Total2712
Covered Spaces
FencingFull, Wire
Horse Y/NNo
InclusionsFridge, Stove, Dishwasher, Washer, Dryer
Irrigation Water Rights Y/NNo
Lot Dimensions140x50
Lot FeaturesStandard Lot 6000-9999 SF, Corner Lot, Manual Sprinkler System
Lot Size Acres0.16
Lot Size Area0.16
Road Frontage TypePublic Road
Road Surface TypePaved
SpaNo
Total Parking0
Water SourceCity Service
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Parma High School
Middle School
Parma Jr Middle School
Elementary School
Parma Elementary School
Jesus Yerena Delgado
Agent
ES 
EN