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Jennie McCullough

jmcculloughhomes@gmail.com +1(801) 674-6546

$ 8,100,000

Est. payment -/mo

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487 S 3RD W Rexburg, ID 83440

146 Beds

52 Baths

39,858 SqFt

UPDATED:

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 false

Exterior

View Y/N No

Present Use Residential

Private Pool false

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

Horse Property No

Listed by Marcus & Millichap Real Estate Investment Services, INC

NEARBY SCHOOLS & PROPERTIES

Jennie McCullough

Real Estate Agent

+1(801) 674-6546

Jennie McCullough

487 S 3RD W Rexburg, ID 83440

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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487 S 3RD W