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Furnished Condo Rental Portfolio
For Sale
$800,000

431 S 3rd W, Rexburg, ID 83440

Three furnished condos are fully leased within a three-minute walk of BYU-Idaho’s campus.

Property Size21,862 SF
Price / SF$36.59
Days on Market42

Property Features for 431 S 3rd W

General Information

Standard status Active
Size 21,862 SF
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 3 x 3BR/2BA
Multifamily Units 3

Additional Details

Furnished Yes

Amenities

spacious lounge
updated gym
in unit washer and dryer

Building Details

Year Built 2017
Listing Agency: Real Broker LLC
Listed By: Luke Bloxham · License #SP45710
Source: Griderpeterson
Added: Jul 19 Changed: Aug 28 Last Checked: Aug 29 at 12:34PM

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 Real Broker LLC

Investment Insights

Based on property information with market context.

This portfolio includes three fully leased condominium units, each furnished and arranged with the same floor plan. Every condo provides 1,286 square feet with three bedrooms, two bathrooms, a three-spot vanity, and an in-unit washer and dryer that remains with the purchase. The property was built in 2017.

Residents have access to a lounge designed for gatherings and an updated gym. HOA services include water, sewer, garbage, gas, television, internet, and snow removal. The condos are located within a three-minute walk of BYU-Idaho’s campus. Rental restrictions apply to single students currently enrolled at BYU-Idaho; the property information identifies off-track students, online students, married couples, and the general public as potential occupants.

Key Highlights

  • Three fully leased condominium units, all furnished
  • Each condo measures 1,286 square feet with 3 beds and 2 baths
  • In‑unit washer and dryer included in every condo

Property Analytics

Current Use

Brigham's Mill Apartments Apartment Building

Suggested Use

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

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

3
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

941
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?
Short term rental property - Three furnished condos are fully leased within a three-minute walk of BYU-Idaho’s campus.
Where is this short term rental property located?
The property is located at 431 S 3rd W Rexburg, ID.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Three fully leased condominium units, all furnished; Each condo measures 1,286 square feet with 3 beds and 2 baths; In‑unit washer and dryer included in every condo
More about this property
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