309 9TH, Montpelier, ID 83254
2BD/—BA Residential in Montpelier, ID 83254. 900 sqft. Built 1924. Listed at $209,800. MLS #2087346.
2BD/—BA Residential in Montpelier, ID 83254. 900 sqft. Built 1924. Listed at $209,800. MLS #2087346.
PRICE REDUCED!!!! Welcome to 309 South 9th Street!! - Investor Opportunity - This home offers immediate usability, valuable upgrades, and excellent income or workshop potential. This well-maintained property features recent improvements that reduce upfront costs for investors or owner-occupants alike. A thoughtfully updated and well-maintained property offering comfort, functionality, and opportunity to make your own. The home is set on a quiet street with a driveway lined by mature trees, providing a welcoming and picturesque entrance. A wide metal gate allows convenient vehicle access to the backyard and detached garage. Interior updates include new flooring in the kitchen, entryway, and back porch. The furnace and water heater have both been replaced within the past three years, ensuring efficiency and reliability. Additional improvements include new exterior doors, energy-efficient double-pane windows, and updated exterior lighting at the front porch. The detached garage is a major asset and stand out feature: offering an 8x10 overhead door, ample workspace, and a framed-in area for a future bathroom. It is fully insulated, heated with a pellet stove, and pre-wired for a welder- making it ideal for a workshop, rental space, hobby shop or home-based business. Motion sensor lighting is installed on both garage doors, along with a floodlight at the roof peak for added security and convenience. The backyard is private and serene, featuring raised garden beds, a motion-lit chicken coop, and additional space for outdoor activities. For added functionality, the property includes RV parking with a dedicated power hookup and a dump station. This property blends practicality with charm-an excellent opportunity for homeowners seeking both comfort and utility. With functional upgrades already completed, this property is ready for a variety of uses-from rental income to live-work flexibility. Don't miss this versatile investment. Schedule your private showing today. Square footage figures are provided as a courtesy estimate only and were obtained from _Bear Lake County. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
Subdivision
ED BURGOYNE'S ADDITION
County
Bear Lake
Zoning
Single-Family
Construction
Cement Siding
Lot Size
0.21 sq ft
Above Grade Area
720 sq ft
Condition
Blt./Standing
MLS #
2087346
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
Subdivision
ED BURGOYNE'S ADDITION
County
Bear Lake
Zoning
Single-Family
Construction
Cement Siding
Lot Size
0.21 sq ft
Above Grade Area
720 sq ft
Condition
Blt./Standing
MLS #
2087346
List Price
$209,800
Original Price
$219,800
Annual Taxes
$529
Home Warranty
No
List Price
$209,800
Original Price
$219,800
Annual Taxes
$529
Home Warranty
No
Heating
Forced Air,Gas: Central
Roof
Metal,Pitched
Flooring
Carpet,Laminate
Basement
Partial
Materials
Cement Siding
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Forced Air,Gas: Central
Roof
Metal,Pitched
Flooring
Carpet,Laminate
Basement
Partial
Materials
Cement Siding
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
Garage Spaces
1
Covered Spaces
1
Total Parking
5
Garage Spaces
1
Covered Spaces
1
Total Parking
5
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
85/100
vs Similar Homes
18% below
vs Market Median
2% above
Price Reduced
4.5%
Deal Score Breakdown
85/100 · 1 qualifying signal
Priced 18% below the median of similar listings
5% price reduction from original list — seller may be motivated
Priced 2% above the per-subtype city median
STR net cashflow -$432/mo (-31.1% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Area growth data unavailable
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
Est. Annual Revenue
$16,367/yr
$249/night · 44% occupancy · $103/bedroom · $0.18/sqft
Net Monthly Cash Flow
−$431 /mo (−$5,172/yr)
Monthly STR income
Monthly ownership cost
Coverage
98%
Net /mo
−$432
DSCR
0.90
$260,000
-19% vs median
185 days
33
$199,000 – $1,100,000
$529
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