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Investment Highlights

  • One block to campus - BYU-Idaho
  • New main water line installed in 2024
  • Rexburg ranked 10th safest city in the USA in 2023
  • New roof installed in 2025
  • New water heaters installed between 2023 and 2024
  • Potential for additional beds

Executive Summary

One block to campus - BYU-Idaho. Excellent condition.

Property Facts

Price $4,557,960 CAD
Price Per Unit $284,872 CAD
Sale Type Investment
Cap Rate 6%
No. Units 16
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class B
Lot Size 0.62 AC
Building Size 18,000 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1980/2011
Zoning HDR1 - Student housing in the PED zone

Amenities

Unit Amenities

  • Heating
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Freezer

Site Amenities

  • Clubhouse
  • Picnic Area
  • Gameroom
  • Gas Range
  • Wi-Fi
  • Storage Space
  • Community-Wide WiFi
  • Walk-Up

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 16 - -
Moderately walkable
60/100
Exceptionally drivable
100/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
RPR00SE0085190
Land Assessment
$678,057 CAD
Improvements Assessment
$1,999,174 CAD
Total Assessment
$2,677,231 CAD
  • Listing ID: 38854960

  • Date on Market: 2025-12-22

  • Last Updated:

  • Address: 271 S 2nd W, Rexburg, ID 83440

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