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Jenn Smart

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236 W 3rd , Rexburg, ID 83440
$1,640,000
Est. Payment: $3,644.44/mo
72 Bed
26 Bath
12240 Sqft
0.74 Acres
Status: active | Days on site: 23
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House 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.

Highlights

Listed by Evan Clark , 303-328-2050 Marcus & Millichap Real Estate Investment Services, INC , 303-328-2050. Wasatch Front Multiple Listing Service (IDX)

Property Type

Multi-Family

Lot/Acreage
0.74

Year Built

1997

County

Madison

Area

MADISON

Neighborhood

Southend Addition To Rexburg

Listing ID

2192525

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:72
  • ▪ Bathrooms:26

Exterior Features

Lot Dimensions:0.0x0.0x0.0
Garage Capacity:0
Others:
  • ▪ Additional:Blt./Standing
Principal Interest
$3,644
Taxes
$1,363

Home Price

$1,640,000

Loan Details

30 yrs
0%

Down Payment

20%
$328,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,644.44

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,644.44 $1,363.25 $0.00 $5,007.69
Yearly $43,733.33 $16,359.00 $0.00 $60,092.33
Total $1,312,000.00 $490,770.00 $0.00 $1,802,770.00
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Rexburg, ID).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Wasatch Front Regional MLS Inc. and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T19:13:38.000Z

© 2026 Wasatch Front Multiple Listing Service (IDX)