Contacts
Neil Walter
NAI Excel
Property Details
- Property Type Multi-Family
- Property Size 32,700 SF
- Units 60
- Lot Size 1.63 Acre
- Property Tenancy Multi-Tenant
- Year Built 2013
- Date Updated Mar 31, 2026
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: $650K gross income and approximately $454K 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
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
Attachments
Getting around
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45/100
Walk Score ®
-
61/100
Bike Score ®
Powered by Walk Score ®
Location
- City Rexburg, ID
- Zip Code 83440
Points of Interest
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Sinclair
0.28 miles
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Maverik
0.78 miles
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Valley Wide Exxon
1.13 miles
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Conoco
1.23 miles
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Ray's Chevron
1.26 miles
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Chevron
1.26 miles
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Horkleys
1.73 miles
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Tesoro
1.74 miles
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Walmart
2.68 miles
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7th South Parking Lot
0.84 miles
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Super 8 Rexburg
0.54 miles
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Quality Inn
0.76 miles
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AmericInn Lodge and Suites
1.33 miles
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Spring Hill Suites Rexburg Marriott
1.36 miles
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Hampton Inn & Suites Rexberg
1.42 miles
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Porter House B&B
3.64 miles
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Hunters' Golden Heritage
9.61 miles
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Rustic Getaway by Sand Dunes
9.87 miles
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Broulim's Supermarket
0.72 miles
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Albertsons
1.59 miles
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C-A-L Ranch Stores
1.64 miles
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Walmart Supercenter
2.78 miles
Contact Listing Broker
Neil Walter
NAI Excel