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31-Unit Apartment Building
For Sale
$3,950,000

35 W 2nd N, Rexburg, ID 83440

MULTI_FAMILY - Rexburg, ID

Property Size21,700 SF
Lot Size1.03 Acres
Price / SF$182.03
Days on Market49

Property Features for 35 W 2nd N

General Information

Property type Residential Multi Family
Property subtype Other
Zoning description General Zoning: Mc-High Density, Specific Zoning: Rexburg-High Density Resid 1
Bedrooms 2
Bathrooms 1
Full bathrooms 1
Rooms Bedroom 2, Bedroom 1, Bathroom 1
Parking 124
Parking features Off Street
Exterior features Lighting
Appliances Separate Water Heaters, Dishwasher, Refrigerator, Oven
Subdivision Rexburg Townsite-Mad
Lot features Interstate Exit/ Access, Near Golf Course, Near Green Belt, Near Park, Near Schools, Near University/ College, Established Lawn, Sprinkler- Auto, Sprinkler System- Full, Level
Elementary school Kennedy 321EL
Middle school Madison 321JH
High school Madison 321HS
Directions Across from Rexburg Rapids.
Standard status Active
APN RPRRXB10230020
Size 21,700 SF
Lot size 1.03 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description TAX 3377 | TAX 3378 | TAX 3379 | | 44910 SF, 1.031 AC, 259' FRTG.
Tax Annual Amount 30414
Legal Description TAX 3377 | TAX 3378 | TAX 3379 | | 44910 SF, 1.031 AC, 259' FRTG.

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas
Cooling system Wall/Window Unit(s), Window Unit(s)
Water source Public

Amenities

on-site laundry

Building Details

Number of units 31
Building materials Vinyl Siding, Brick
Listing Agency: Axiom Properties & Development, Inc.
Listed By: Abra Kirby · License #SP45982
Added: Jun 24 Changed: Aug 1 Last Checked: Aug 11 at 9:06PM
MLS# 2179683

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.

College Park Apartments is a 31-unit apartment complex featuring thirty-one two-bedroom, one-bath apartments. The property includes ample off-street parking and on-site laundry facilities for tenant convenience.

The building totals 21,700 square feet on a 1.03-acre lot and is constructed with vinyl siding and brick exterior materials. Heating is provided by forced air systems using natural gas, with wall/window and window unit cooling. Units are supported by public water and public sewer service, and appliances include separate water heaters, dishwasher, refrigerator, and oven.

College Park Apartments is located in Rexburg, Idaho, with tenant access described as walkable to parks, downtown amenities, restaurants, and public transportation.

Key Highlights

  • 31 units with two bedrooms and one bathroom
  • 21,700 SF apartment complex on 1.03‑acre lot
  • Off‑street parking and on‑site laundry facilities

Property Analytics

Current Use

College Park Apartments Apartment Building

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Catering Service HVAC Service Restaurant Clothing & Fashion Store

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

31
Residential units

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

Market

Vacancy Rate% for Multifamily in West region

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

What type of property is this?
Apartment building - 31 apartments with two bedrooms and one bathroom, off-street parking, and on-site laundry on a public-utilities lot.
Where is this apartment building located?
The property is located at 35 W 2nd N Rexburg, ID.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 31 units with two bedrooms and one bathroom; 21,700 SF apartment complex on 1.03‑acre lot; Off‑street parking and on‑site laundry facilities
More about this property
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