$8,100,000
Est. payment /mo
146 Beds
52 Baths
39,858 SqFt
New
487 S 3RD W Rexburg, ID 83440
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Key Details
Property Type Multi-Family
Sub Type > 4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 39,858 sqft
Price per Sqft $203
Subdivision Parker Addition To Rexburg
MLS Listing ID 2192524
Style Stories: 2
Bedrooms 146
Construction Status Blt./Standing
HOA Y/N No
Year Built 1997
Annual Tax Amount $46,858
Lot Size 1.750 Acres
Acres 1.75
Lot Dimensions 0.0x0.0x0.0
Property Sub-Type > 4 Units
Property Description
Institutional Property Advisors is pleased to present the Rexburg Housing Portfolio, an eight-property student housing portfolio strategically located in Rexburg, Idaho. Ideally positioned near Brigham Young UniversityIdaho, the portfolio benefits from convenient access to campus and a well-established student housing market driven by one of the region's largest private universities. Offering exceptional investment flexibility, the properties may be acquired collectively as a portfolio or individually, allowing investors to pursue a tailored acquisition strategy based on their investment objectives. Supported by a large and growing student population, Rexburg continues to provide a durable demand base for well-located off-campus housing. The portfolio's desirable locations, established operations, and proximity to BYU-Idaho position the assets to benefit from consistent student demand. With the opportunity to acquire individual properties or the entire eight-property portfolio, the offering presents a compelling opportunity to invest in a university-driven market with strong underlying housing fundamentals. Attractive Going-In Yield: Day-one yield that outpaces comparable multifamily offerings in the region. Walk-to-Campus Locations: Each property is ideally positioned within walking distance of campus, offering students convenient access to the university and on campus amenities. Growing Student Population: BYU-Idaho enrolls more than 23,700 campus-based students, representing 5% year-over-year growth and supporting continued demand for student housing in Rexburg. Proven Occupancy: The portfolio maintains approximately 98% occupancy, demonstrating strong and consistent demand for well-located student housing.
Location
State ID
County Madison
Area Madison
Interior
Fireplace No
Exterior
View Y/N No
Present Use Residential
Private Pool No
Building
Architectural Style Stories: 2
New Construction No
Construction Status Blt./Standing
Schools
Elementary Schools None/Other
Middle Schools None/Other
High Schools None/Other
Others
Senior Community No
Tax ID RPR000P0124060
Listed by Marcus & Millichap Real Estate Investment Services, INC
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