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For Sale
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Property summary
This exceptional 16-unit apartment building in Rexburg, Idaho presents a compelling value-add investment opportunity. Located at 431 S 3rd W, this 20,576 square foot property, built in 2017, offers a current NOI of $185,559 and a pro-forma NOI of $259,944, translating to a 4.64% cap rate and a projected 6.50% pro-forma cap rate. The asking price is $3,999,999, or $194.40 per square foot and $249,999.94 per unit. Each of the 16 units boasts 1,286 square feet, featuring three bedrooms and two… bathrooms, complete with in-unit washer/dryer, and all furnishings are included. The property benefits from ample parking (3 spaces per unit) and an all-inclusive HOA covering water, sewer, garbage, gas, TV, internet, and snow removal. Zoned HDR1, the property is approved for short-term rentals (STRs), making it ideal for immediate income generation. The building features concrete perimeter foundations, architectural roofing, central air conditioning, and forced-air gas heating. Construction materials include brick, block, and frame, with block, metal, and vinyl exterior finishes. Public water and sewer services are available. The property's proximity to Brigham Young University-Idaho (BYUI) ensures high occupancy rates. This turnkey investment is ready for immediate income generation and offers significant potential for increased profitability through value-add strategies. The condo conversion was completed in mid-June 2022. While rentals are permitted for off-track students, online students, married couples, and the general public, there are restrictions for single students currently enrolled at BYUI.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Oct 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 20,576 SF
- Year built
- 2017
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- 10 Targeted Leads
- 1 Full Property Report
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
-
Zoning Insight— not in this plan -
Location Analytics— not in this plan
- 300 Targeted Leads a month
- 30 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
-
Location Analytics— not in this plan
- 1,500 Targeted Leads a month
- 150 Full Property Reports
- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
- Ownership & Contacts
- Local Market trends
- Zoning Insight
- Location Analytics
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