480 S 1st W, Rexburg, ID 83440
Local realty services provided by:Better Homes and Gardens Real Estate Momentum
480 S 1st W,Rexburg, ID 83440
$8,700,000
- 288 Beds
- 98 Baths
- 48,096 sq. ft.
- Multi-family
- Active
Listed by: evan clark
Office: marcus & millichap real estate investment services, inc
MLS#:2192517
Source:SL
Price summary
- Price:$8,700,000
- Price per sq. ft.:$180.89
About this home
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....
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Home facts
- Year built:1978
- Subdivision & Development:PARKER ADDITION TO REXBURG
- Listing ID #:2192517
- Added:6 day(s) ago
- Updated:October 29, 2026 at 11:35 AM
Rooms and interior
- Bedrooms:288
- Total bathrooms:98
- Living area:48,096 sq. ft.
Structure and exterior
- Year built:1978
- Building area:48,096 sq. ft.
- Lot area:1.87 Acres
Schools
- High school:None/Other
- Middle school:None/Other
- Elementary school:None/Other
Finances and disclosures
- Price:$8,700,000
- Price per sq. ft.:$180.89
- Tax amount:$63,800
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