788 Broadway Street, Blackfoot, ID 83221

Local realty services provided by:Better Homes and Gardens Real Estate 43° North
788 Broadway Street,Blackfoot, ID 83221
$9,800,000
  • 99 Beds
  • 82 Baths
  • 38,800 sq. ft.
  • Multi-family
  • Active
Listed by: legacy ranch properties, kris bertagnolli
Office: keller williams realty east idaho
MLS#:2177736
Source:ID_SRMLS

Price summary

  • Price:$9,800,000
  • Price per sq. ft.:$252.58

About this home

Slate Mountain Mobile Home Park is a fully stabilized, multi-income investment in one of Southeast Idaho's strongest growth corridors. Located at 788 S Broadway in Blackfoot, this turnkey asset includes 38 newly installed manufactured homes (2023 models), 40 self-storage units, 3 updated apartments, a leased laundromat, and a commercial building with two long-term tenants, including the Humane Society. All units are professionally managed via AppFolio with modern infrastructure, including paved roads, fiber internet, city utilities, and separate metering. The layout is community-focused, with dedicated parking, central green space, and thoughtful design that enhances tenant satisfaction and reduces wear. With a projected NOI of $582,249 by 2027 and rents steadily increasing, this property delivers a 6% stabilized cap rate at the $9.8M list price. A professionally engineered cost segregation study unlocks $3.4M in first-year accelerated depreciation—estimated at $1.2M in tax

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Home facts

  • Year built:2023
  • Listing ID #:2177736
  • Added:287 day(s) ago
  • Updated:December 17, 2025 at 07:44 PM

Rooms and interior

  • Bedrooms:99
  • Total bathrooms:82
  • Full bathrooms:82
  • Living area:38,800 sq. ft.

Heating and cooling

  • Heating:Electric

Structure and exterior

  • Roof:Architectural, Metal
  • Year built:2023
  • Building area:38,800 sq. ft.
  • Lot area:4.28 Acres

Schools

  • High school:BLACKFOOT 55HS
  • Middle school:Mountain View Middle Scool
  • Elementary school:Riverbend Elementary

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$9,800,000
  • Price per sq. ft.:$252.58
  • Tax amount:$15,000 (2024)

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