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    Airbnb-Ready Duplex with Pasture Title is generated by Realmo AI

    234 W Main Street, Parker, ID 83438

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    Claim this Listing
    New
    For Sale
    $299,000

    MULTI_FAMILY - Parker, ID

    Property size:
    2,491 SF
    Lot size:
    1.88 Acres
    Price / SF:
    $120/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 1:06 am

    Property Features for 234 W Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    7
    Bathrooms
    4
    Rooms
    Bedroom 4, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 7, Bathroom 1, Bedroom 2
    Parking
    1
    Parking features
    Garage
    Interior features
    Ceiling Fan(s), Storage, Separate Storage
    Basement
    Crawl Space
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Separate Water Heaters
    Standard status
    Active
    APN
    RPP0106048004B
    Size
    2,491 SF
    Lot size
    1.88 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Exhibit A
    Tax Annual Amount
    1766

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1920
    Number of units
    2
    Flooring type
    Hardwood
    Building materials
    Frame, Vinyl Siding, Wood Siding
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Dan Thomas

    Listing agent Dan Thomas License #SP43305

    Listing office Real Broker LLC 3597 E Monarch Sky Lane Suite 240, Meridian, ID

    Listing date Jun 2, 2026

    MLS# 2186776 Listing URL

    Copyright © 2026 Snake River Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1920 bungalow converted to a fully functional Airbnb setup, with a converted garage into a 2 bed, 1 bath main‑level rental
    • Just shy of 2 acres pasture with established trees and water ditch irrigation
    • No covenants reported, plus outbuildings included
    • Public water and public sewer
    • Forced‑air, natural gas heat with window/wall unit cooling; metal roof
    • Accessible approach with ramp, with garage parking and separate storage

    Overview

    This updated duplex includes a 1920 bungalow that has been converted into a fully functional, move-in-ready AirBNB. The property also features a converted garage that serves as a separate 2-bedroom, 1-bath main-level AirBNB rental unit. Beyond the home itself, there are outbuildings and established trees on the grounds, supported by water-ditch irrigation. The layout provides flexibility for an investor seeking two rental incomes or an owner who wants to live on-site while maintaining rental revenue.

    Located in Parker, Idaho, the property is described as being near the St. Anthony Sand Dunes. The remarks indicate it is about 16 minutes from Rexburg and a little over 100 miles to Yellowstone National Park. The lot is just shy of 2 acres and includes pasture, with no covenants noted in the listing.

    For tenants, buyers, and operators, the strongest supported fit is a short-term rental operation looking for a ready-to-run setup with a demonstrated history as an AirBNB. If you prefer owner occupancy, the listing also positions the home as an option for living in one portion while using the additional unit for consistent rental income. Either way, this is being marketed as a turnkey opportunity rather than a renovation project.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Parker
    County
    Fremont
    State
    Idaho
    Longitude
    -111.7641097
    Latitude
    43.9563694

    FAQs

    What type of property is this?
    Duplex - Updated duplex set on nearly two acres with irrigation and outbuildings, built for short-term rental income or owner use.
    Where is this duplex located?
    The property is located at 234 W Main Street Parker, ID.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: 1920 bungalow converted to a fully functional Airbnb setup, with a converted garage into a 2 bed, 1 bath main‑level rental; Just shy of 2 acres pasture with established trees and water ditch irrigation; No covenants reported, plus outbuildings included
    (208) 841-3088
    We can help!
    Listing Contact
    Dan Thomas
    Real Estate License ID: SP43305
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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