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487 S 3rd W, Rexburg, ID 83440

$8,100,000
•
  • 146

    bed

  • 52

    bath

  • 39,858

    Sqft ($203/Sqft)

Multi-family for sale 5 hours

About 487 S 3rd W

Property type Multi-family
Neighborhood
Year built 1997
HOA fee $0/month
Lot size 1.75 Acre
Movoto estimate
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.
Listed by
Listing Agent - Evan Clark
Listing Office - Marcus & Millichap Real Estate Investment Services, INC
Source: WFRMLS mls logo
MLS#2192524 • last updated 5 hours ago
Movoto checked WFRMLS for data 13 minutes ago
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Overview
Levels/Style 0, Stories: 2
MLS # 2192524
SubType > 4 Units
Living Area 39858
Status Active
Type Residential
Lot Size (Acres) 1.75
Lot Size (SqFt) 76230
Property Tax 46858
Listing Office Marcus & Millichap Real Estate Investment Services, INC
Condition Blt./Standing
Listing Agent Evan Clark
Year Built 1997
Interior
Total # of Bathrooms 52
# Bedrooms 146
Exterior
Location
County Madison
Subdivision PARKER ADDITION TO REXBURG
Middle School None/Other
Elementary School None/Other
High School None/Other
APN RPR000P0124060
Multifamily Details
Total # Of Units 26
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Source: GreatSchools.org © 2026. All rights reserved.

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