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Duplex with Solar Panels
For Sale
$399,000

318 S 3rd W, Rexburg, ID 83440

Residential Income, Rexburg, ID

Property Size1,456 SF
Lot Size0.17 Acres
Price / SF$274.04
Days on Market48

Property Features for 318 S 3rd W

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description General Zoning: Res-Multi-Family, Specific Zoning: Rexburg-Medium Density Resid 1
Bedrooms 4
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Basement
Parking 1
Parking features Off Street
Interior features Newly Renovated
Fireplace 1
Basement Finished
Appliances Separate Water Heaters, Dryer, Microwave, Refrigerator, Oven, Washer, Dishwasher, Stove
Subdivision Rexburg Townsite-Mad
Elementary school Kennedy 321EL
Middle school Madison 321JH
High school Madison 321HS
Directions GPS To property
Standard status Active
APN RPR00SE0110970
Size 1,456 SF
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description SOUTHEND ADDITION TO REXBURG TAX 4365 LOT 1 BLK 11
Tax Annual Amount 1586
Legal Description SOUTHEND ADDITION TO REXBURG TAX 4365 LOT 1 BLK 11

Utilities

Sewer type Public Sewer
Heating system Fireplace(s), Electric (Heating), Baseboard
Cooling system Central Air
Water source Public

Building Details

Year built 1976
Number of units 2
Flooring type Hardwood
Building materials Lap Siding
Roof type Composition
Listing Agency: Keller Williams Realty East Idaho
Listed By: The Nelson Group · License #.
Added: Jul 15 Changed: Aug 19 Last Checked: Aug 31 at 6:06AM
MLS# 2182396

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.

Investment Insights

Based on property information with market context.

This duplex at 318 S 3rd W is built for straightforward rental operations, with two 2-bedroom, 1-bath units. Both units are currently occupied, and each unit has separate metering, separate entrances, and its own water heater. The property includes solar panels along with 2024 upgrades such as a new roof, updated windows, and new heating and cooling units. Interiors feature fresh paint, several new windows, original hardwood floors in the two upstairs bedrooms, and new flooring in the basement unit. Appliances are included, including washers and dryers.

The home sits on a 0.173-acre lot and was built in 1976. Off-street parking is available. Utilities include public water and public sewer. The home’s heating includes fireplace(s), electric/baseboard, and cooling is provided via central air. Exterior materials include lap siding, and the roof is composition.

With a total size of 1,456 square feet, this is positioned in a walkable area near Brigham Young University-Idaho and Porter Park, supporting strong everyday tenant convenience.

Key Highlights

  • Two currently occupied 2‑bedroom, 1‑bath units with separate metering, entrances, and water heaters
  • Solar panels plus 2024 upgrades including a new roof, updated windows, and new heating and cooling units
  • Appliances included for each unit, including washers and dryers

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store HVAC Service Locksmith Pet Grooming Service Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,067
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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Duplex near BYU-Idaho with solar panels and two currently occupied 2-bedroom, 1-bath units.
Where is this duplex located?
The property is located at 318 S 3rd W Rexburg, ID.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two currently occupied 2‑bedroom, 1‑bath units with separate metering, entrances, and water heaters; Solar panels plus 2024 upgrades including a new roof, updated windows, and new heating and cooling units; Appliances included for each unit, including washers and dryers
More about this property
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