Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    236 N 3Rd E Rexburg, ID 83440

    Sponsored
    For Sale
    $710,000

    MULTI_FAMILY - Rexburg, ID

    Property size:
    4,377 SF
    Lot size:
    0.23 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 28 at 12:06 pm

    Property Features for 236 N 3Rd E

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 1, Bathroom 3, Bathroom 1, Bathroom 5, Bedroom 6, Bathroom 4, Basement
    Bedrooms
    6
    Bathrooms
    4
    APN
    RPR0000018003A
    Parking
    2
    Interior features
    Ceiling Fan(s)
    Basement
    Finished
    Appliances
    Separate Water Heaters, Dishwasher, Refrigerator, Oven, Stove, Dryer, Washer
    Size
    4,377 SF
    Lot size
    0.23 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1977
    Number of units
    4
    Building materials
    Frame, Brick, Vinyl Siding

    We can help!

    Listing Contact
    Hebdon Real Estate Team

    Edge Real Estate (208) 656-9400

    Listing agent Hebdon Real Estate Team (208) 351-0516

    Listing date Feb 24, 2026

    MLS# 2182203

    Copyright © 2026 Snake River Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Rexburg Fourplex with Development Potential

    This well-maintained fourplex in Rexburg, Idaho, presents a rare investment opportunity with no Homeowners Association fees. The property includes a separate two-car garage and offers excellent income potential along with future development upside. The unit breakdown is as follows: Unit 1 features 3 bedrooms and 1.5 bathrooms; Unit 2 has 1 bedroom and 1 bathroom; Unit 3 is an oversized 1 bedroom, 1 bathroom unit with the potential to add a second bedroom; and Unit 4 includes 1 bedroom, 1 bathroom, plus an additional room without a window. The back lot, situated on a separate parcel, has been approved as a building lot for four townhomes, enhancing the property's value-add opportunity. The lot size is 0.23 acres, and the property size is 4377 square feet. The additional lot is listed separately and must be sold together with the fourplex. The seller may consider owner financing for the additional lot. This property offers immediate cash flow, future development potential, and flexible financing options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Georgetown Apartments Student Housing Center Casa lucas Condominium Complex

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rexburg
    County
    Madison
    State
    Idaho
    Longitude
    -111.774698
    Latitude
    43.8312342

    Nearby Similar for Sale

    • $500,000
      7,500 SF

      Rexburg Mixed-Use Industrial Property

      Mixed-use industrial property in central Rexburg with two buildings.
      164 W 1St N, Rexburg, ID 83440
      View Details
    • $754,000
      4,010 SF

      Massive Duplex Near Campus

      Remodeled duplex near campus and hospital with high-end upgrades.
      75 S 3Rd E, Rexburg, ID 83440
      View Details
    • $499,000
      3,256 SF

      Rexburg Multi-Family Home

      Low-maintenance living near BYU-Idaho and Rexburg LDS Temple.
      614 Eaglewood Dr, Rexburg, ID 83440
      View Details
    • $519,000
      3,412 SF

      Renovated Rexburg Duplex with Charm

      Renovated 1920s bungalow duplex in Rexburg, Idaho.
      115 E 1St N, Rexburg, ID 83440
      View Details
    • $2,100,000
      915 SF

      Rexburg Multifamily Investment Opportunity

      Investment opportunity near BYU-Idaho with steady rental income potential.
      425 Harvard Ave, Rexburg, ID 83440
      View Details
    • $735,000
      7,200 SF

      Historic Rexburg Mixed-Use Investment

      Prime mixed-use property in Rexburg's historic downtown.
      36 E Main St, Rexburg, ID 83440
      View Details
    • $1,590,000
      4,160 SF

      Rosewood Townhomes: Rexburg Investment Opportunity

      New townhomes near BYU Idaho, ideal for students/homebuyers.
      64 N 3Rd W, Rexburg, ID 83440
      View Details
    • $4,375,000
      2,800 SF

      Rexburg Multifamily Investment Opportunity

      31-unit apartment complex in Rexburg, Idaho with strong cash flow.
      35 W 2Nd N, Rexburg, ID 83440
      View Details
    • Contact for pricing
      9,627 SF

      Rexburg Office Space For Sale

      New office space for sale in Rexburg, open floor plan.
      1025 S Yellowstone Hwy, Rexburg, ID 83440
      View Details
    • $4,375,000
      21,700 SF

      Rexburg Multifamily Investment Opportunity

      31-unit apartment complex in Rexburg, Idaho with stable cashflow.
      35 W 2Nd N, Rexburg, ID 83440
      View Details
    • Contact for pricing

      Prime Retail/Office Location Rexburg

      High-traffic retail/office space near Main Street and BYU-Idaho.
      33 College Ave, Rexburg, ID 83440
      View Details
    • Contact for pricing

      New Denny's Restaurant For Sale

      Newly constructed Denny’s restaurant with a long-term absolute net lease.
      585 N 2Nd E, Rexburg, ID 83440
      View Details

    FAQs

    What type of property is this?
    Quadplex - Well-maintained fourplex with additional building lot for townhomes.
    Where is this quadplex located?
    The property is located at 236 N 3Rd E Rexburg, ID.
    What is the asking price?
    The asking price for this property is $710,000.
    What are key features of this property?
    This property features: - Approved building lot for four townhomes included, offering significant development potential.; - Well-maintained 4-plex providing immediate cash flow.; - Separate 2-car garage adds value and convenience.
    (208) 656-9400
    Request Owner's contact information
    236 N 3Rd E Rexburg, ID 83440
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    236 N 3Rd E
    Rexburg, ID 83440
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    236 N 3Rd E Rexburg, ID 83440
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Hebdon Real Estate Team
    (208) 656-9400 (208) 351-0516
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!