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Student Housing Apartment Building
For Sale
$1,125,000

255 S 2ND W, Rexburg, ID 83440

The Rexburg offering comprises eight properties available together or individually, each within walking distance of BYU-Idaho.

Property Size2 SF
Price / SF$236.74
Days on Market57

Property Features for 255 S 2ND W

General Information

Standard status Active
Size 2 SF
Property subtype > 4 Units
Occupancy 98%

Additional Details

Tenant in Place Yes

Building Details

Building Size 2 SF
Year Built 1991
Buildings 8
Listing Agency: Lift Realty
Listed By: Spencer Clawson · License #6608967-PB00
Source: Liftrealty
Added: Sep 3 Changed: Oct 27 Last Checked: Oct 28 at 8:29AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lift Realty

Rey
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Investment Insights

Based on property information with market context.

This Rexburg student housing offering consists of eight properties that may be acquired as a portfolio or individually. The property record identifies a 4,752-square-foot apartment building constructed in 1991; the portfolio’s reported occupancy is approximately 98%.

Each property is within walking distance of BYU-Idaho. The university has more than 23,700 campus-based students, with enrollment growth of 5% year over year.

Key Highlights

  • Eight‑property student housing portfolio; available as a whole or individually
  • 4,752‑square‑foot apartment building constructed in 1991
  • Each property is within walking distance of BYU‑Idaho

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

98%
Occupancy

Location Intelligence

Trade Area within ½ mile

841
Businesses Nearby

Demographics for 83440, ID

50,567
Population
13,845
Households
3.7
Avg Household Size
25
Median Age
40%
College-Educated
97%
High-School Grad
181.7 sq mi
ZIP Area
278
Density / Sq Mi
$57,701
Median Household Income
$11,659
Median Earnings
$959
Median Rent
$372,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The Rexburg offering comprises eight properties available together or individually, each within walking distance of BYU-Idaho.
Where is this apartment building located?
The property is located at 255 S 2ND W Rexburg, ID.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Eight‑property student housing portfolio; available as a whole or individually; 4,752‑square‑foot apartment building constructed in 1991; Each property is within walking distance of BYU‑Idaho
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