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60-Unit Multifamily Near BYU–Idaho 332 S 4th W 60 Unit Apartment Building $10,709,132 CAD ($178,486 CAD/Unit) 6.23% Cap Rate Rexburg, ID 83440
Investment Highlights
- Prime 60-Unit Multifamily Investment just three blocks from BYU–Idaho
- Desirable unit mix: 18 two-bedroom/one-bath and 42 one-bedroom/one-bath units
- Exceptionally well-maintained property with a proven record of strong occupancy and performance
Executive Summary
Over 2% NOI growth year over year, 2026 is tracking to show additional increased growth.
Prime 60-Unit Multifamily Investment just three blocks from BYU–Idaho
Exceptionally well-maintained property with a proven record of strong occupancy and performance
Desirable unit mix: 18 two-bedroom/one-bath and 42 one-bedroom/one-bath units
Value-add opportunity through rent and reimbursement adjustments to align with current market rates
Strong financials: $675,161 gross income and approximately $476,248 NOI (T12)
Projected NOI nearing $500K, offering a cap rate above 6% (inclusive of management fees)
Stable, high-performing asset in the heart of Rexburg’s thriving rental market
Prime 60-Unit Multifamily Investment just three blocks from BYU–Idaho
Exceptionally well-maintained property with a proven record of strong occupancy and performance
Desirable unit mix: 18 two-bedroom/one-bath and 42 one-bedroom/one-bath units
Value-add opportunity through rent and reimbursement adjustments to align with current market rates
Strong financials: $675,161 gross income and approximately $476,248 NOI (T12)
Projected NOI nearing $500K, offering a cap rate above 6% (inclusive of management fees)
Stable, high-performing asset in the heart of Rexburg’s thriving rental market
Property Facts
| Price | $10,709,132 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $178,486 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.62 AC |
| Cap Rate | 6.23% | Building Size | 40,000 SF |
| No. Units | 60 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2013 |
| Zoning | HDR2 | ||
| Price | $10,709,132 CAD |
| Price Per Unit | $178,486 CAD |
| Sale Type | Investment |
| Cap Rate | 6.23% |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.62 AC |
| Building Size | 40,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2013 |
| Zoning | HDR2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Oven
- Tub/Shower
- Pantry
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 30 | - | 490 |
| 2+1 | 30 | - | 625 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | RPR00SE0120011 | Improvements Assessment | $6,734,899 CAD |
| Land Assessment | $453,051 CAD | Total Assessment | $7,187,950 CAD |
Property Taxes
Parcel Number
RPR00SE0120011
Land Assessment
$453,051 CAD
Improvements Assessment
$6,734,899 CAD
Total Assessment
$7,187,950 CAD
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60-Unit Multifamily Near BYU–Idaho | 332 S 4th W
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