Prime Land Near
For Sale
$1,750,000
509 S 5th W, Rexburg, ID 83440
MULTI_FAMILY - Rexburg, ID
Property Size8,000 SF
Lot Size1.25 Acres
Price / SF$218.75
Days on Market134
Property Features for 509 S 5th W
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
General Zoning: Rx High Density Re, Specific Zoning: Rexburg-High Density Resid 1
Bedrooms
15
Bathrooms
9
Full bathrooms
9
Rooms
Bedroom 15, Bathroom 6, Bedroom 7, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 14, Bedroom 13, Bedroom 8, Basement, Bedroom 2, Bathroom 5, Bedroom 11, Bathroom 8, Bedroom 10, Bedroom 3, Bedroom 12, Bedroom 5, Bedroom 9, Bathroom 1, Bathroom 9, Bathroom 3, Bathroom 7, Bathroom 4, Bedroom 1
Parking
4
Basement
Full
Elementary school
Kennedy 321EL
Middle school
Madison 321JH
High school
Madison 321HS
Directions
Rexburg 5th west south of Les Schwab tire to address
Standard status
Active
APN
RPR4KLA006002A
Size
8,000 SF
Lot size
1.25 Acres
Taxes and HOA fees
Tax Year
2022
Tax Description
Attached
Tax Annual Amount
8016
Legal Description
Attached
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1950
Number of units
8
Building materials
Frame, Metal Siding
Roof type
Metal
Listing Agency:
The Real Estate Office
(208) 356-5050
Listed By:
Todd Smith
(208) 356-5050
Added: Apr 6
Changed: Aug 1
Last Checked: Aug 17 at 3:06AM
MLS# 2152151
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 property features 1.25 acres of HDR1 land, situated a few blocks from BYUI in Rexburg, ID. The sellers are in the process of working with the city to rezone the land to potentially allow for the construction of 52 units. The site is equipped with amenities such as water, sewer, gas, power, phone, cable, and optix internet. Existing rental properties are currently located on the premises. The location provides convenient access to US 20. The property's size is 8000 square feet. This is one of the largest lots available in close proximity to the university, making it a suitable location for a new project.
Key Highlights
- Prime HDR1 land offering potential for 52 units, subject to zoning changes.
- Close to BYU‑Idaho (BYUI).
- Utilities are readily available: water, sewer, gas, power, phone, cable, and fiber optic internet.
Property Analytics
Property Profile
Current Use
Lease Details
52
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - 1.25 acres near university, potential for 52 units.
Where is this apartment building located?
The property is located at 509 S 5th W Rexburg, ID.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Prime HDR1 land offering potential for 52 units, subject to zoning changes.; Close to BYU‑Idaho (BYUI).; Utilities are readily available: water, sewer, gas, power, phone, cable, and fiber optic internet.
