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    332 S 4Th W Rexburg, ID 83440

    For Sale
    $7,995,000

    Well-maintained 60-unit multifamily property near BYU-Idaho with strong financials.

    Property size:
    32,700 SF

    Property Features for 332 S 4Th W

    General Information

    Size
    32,700 SF

    Building Details

    Year built
    2013

    Source: Neil Walter Agent Neil Walter

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Investment Near BYU-Idaho

    This multifamily investment property features 60 units and is located just three blocks from BYU-Idaho. The property is exceptionally well-maintained and has a history of strong occupancy and performance. The unit mix includes 18 two-bedroom/one-bath units and 42 one-bedroom/one-bath units. There is a potential value-add opportunity through rent and reimbursement adjustments to align with current market rates. The property demonstrates strong financials, with a gross income of $650,000 and a net operating income (NOI) of approximately $454,000 (T12). The projected NOI is nearing $500,000, offering a cap rate above 6%, inclusive of management fees. This is a stable, high-performing asset in the heart of Rexburg’s thriving rental market. The property size is 32,700 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kaleb Hurley, Realtor ... Real Estate Agent GWG Wedding Videography Video Production Service Campus Park Apartments Apartment Complex Chantel E. Photography Photographer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Rexburg
    County
    Madison
    State
    Idaho
    Longitude
    -111.79532
    Latitude
    43.817433

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 60-unit multifamily property near BYU-Idaho with strong financials.
    Where is this apartment building located?
    The property is located at 332 S 4Th W Rexburg, ID.
    What is the asking price?
    The asking price for this property is $7,995,000.
    What are key features of this property?
    This property features: - Prime location: Just three blocks from BYU-Idaho, ensuring high tenant demand.; - Strong financials: $650K gross income and approximately $454K NOI (T12) with projected NOI nearing $500K.; - High-performing asset: Proven record of strong occupancy and performance in Rexburg's rental market.
    (435) 627-5720
    Request Owner's contact information
    332 S 4Th W Rexburg, ID 83440
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    Rexburg, ID 83440
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    Realmo Value Estimation

    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.

    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.

    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
    332 S 4Th W Rexburg, ID 83440
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