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    21St St Heyburn, ID 83336

    Sponsored
    For Sale
    $850,000

    48-unit apartment complex, shovel-ready.

    Property size:
    75,359 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a shovel-ready, fully approved 48-unit multifamily development on a 1.73-acre lot in Heyburn, Idaho. Located at TBD 21st Street, this prime property boasts a strategic location directly off I-84, providing convenient access to major transportation routes. The development plan includes two three-story buildings, totaling 75,359 square feet, and is part of a larger mixed-use project adjacent to a Walmart. All necessary approvals and permits are in place, including certified construction drawings, and survey and engineering work is complete. This Phase 1 development is approved as part of a larger 312-unit project, with an additional 264 units planned for Phases 2 and 3 on adjacent land. The property's zoning (C-G, General Commercial, light industrial) allows for flexibility and future expansion. Enjoy mountain views and proximity to the river, as well as convenient access to local retail, restaurants, and services. This is a prime opportunity to capitalize on Idaho's significant growth, offering a strong return on investment in a thriving market. The asking price for this turn-key development is $850,000.

    Property Features for 0 21St St

    General Information

    Property type
    Multifamily properties
    Square Feet
    75,359 SF
    Lot Size
    75,359 SF

    Building Details

    Buildings
    2
    Stories
    3
    Units
    48

    HighLights

    • $850,000 asking price for a 48‑unit apartment building on 1.73 acres.
    • Located in Heyburn, Idaho, near I‑84, Exit 208 or 211, with convenient access to retail and restaurants.
    • This shovel‑ready development has city approvals and complete construction plans for a 3‑story, 48‑unit multifamily project (two 24‑unit buildings).
    • Part of a larger mixed‑use development, with potential for an additional 264 units in future phases.
    • Includes completed surveys and engineering work.
    • Zoned C‑G (General Commercial, light industrial).
    Property Profile Location Intelligence

    Current Use by Public Records

    Dormitories

    Map

    City
    Heyburn
    County
    Minidoka
    State
    Idaho
    Longitude
    -113.7443575
    Latitude
    42.5616763

    Nearby Comparable

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      Built in 2021, great investment opportunity in Heyburn, Idaho.
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    • $100,000
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      Heyburn Commercial Industrial Building Lot

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      1.00 Acre

      Heyburn Industrial Lots

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    Nearby Similar for Sale

    • $1,100,000
      4,624 SF

      Furnished Multi-Unit Investment Opportunity

      Fully furnished, 12-bedroom property with income potential in Heyburn.
      1221 21St St, Heyburn, ID 83336
      View Details
    • New
      $539,000
      2,232 SF

      Newer Heyburn Duplex For Sale

      Built in 2021, great investment opportunity in Heyburn, Idaho.
      1732 Dollys Way, Heyburn, ID 83336
      View Details
    • $1,799,000
      4,624 SF

      Greystone Crossing: Idaho Investment

      12-Unit Motel/Apartment Complex, High ROI
      1221 21St St, Heyburn, ID 83336
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    FAQs

    What type of property is this?
    Multifamily property - 48-unit apartment complex, shovel-ready.
    Where is this multifamily property located?
    The property is located at 21St St Heyburn, ID.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: $850,000 asking price for a 48-unit apartment building on 1.73 acres.; Located in Heyburn, Idaho, near I-84, Exit 208 or 211, with convenient access to retail and restaurants.; This shovel-ready development has city approvals and complete construction plans for a 3-story, 48-unit multifamily project (two 24-unit buildings).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21St St Heyburn, ID 83336
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