Marcus & Millichap Real Estate Investment Services, INC

  • $8100000
  • $203.22/Sqft
487 S 3RD, Rexburg, ID, 83440
  • > 4 Units
  • Property Type
  • 146
  • Bedrooms
  • 52
  • Bathrooms
  • 39858
  • Sq Ft
  • 1997
  • Year Built

Overview

Property ID: 2192524
  • > 4 Units
  • Property Type
  • 146
  • Bedrooms
  • 52
  • Bathrooms
  • 39858
  • Sq Ft
  • 1997
  • Year Built

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.

  • Address 487 S 3RD,
  • City Rexburg,
  • Zip/Postal Code 83440
  • Area US,

Details

Updated on 2026/10/22 15:53:08 pm
  • Property ID: 2192524
  • Price: $8100000
  • Property Size: 39858 Sq Ft
  • Year Built: 1997
  • Property Type: > 4 Units
  • Property Status: Active
  • Style: Stories: 2

Additional details

  • Brokerage Commission:
  • Zoning:
  • Total Bathrooms: 52
  • Lot Size In Acres: 1.75
  • Total Bedrooms: 146
  • Equipment:

School Details

  • Elementary School : None/Other
  • Elementary School District :
  • High School : None/Other
  • High School District :
  • Middle School : None/Other
  • Middle School District:

Mortgage Calculator

$6,182.33
Monthly
  • Principal & Interest $4,849.00
  • Property Tax $250.00
  • Home Insurance $83.33
  • PMI $1,000.00
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