480 S 1st W, Rexburg, ID 83440

$8,700,000
288
BD
98
BA
48,096
SqFt

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List Price
$8,700,000
Status
ACTIVE
MLS#
2192517
Days on Market
0
Year Built
1978
Bedrooms
288
Bathrooms
98
Square Feet
48,096
Parcel Number
RPR4PRK013005A
Acres
1.87
County
Madison
Region
MADISON
Subdivision
Parker Addition To Rexburg

Property Description

Institutional Property Advisors is pleased to present the Rexburg Housing Portfolio, an eight-property student housing portfolio strategically located in Rexburg, Idaho. Ideally positioned near Brigham Young UniversityIdaho, the portfolio benefits from convenient access to campus and a well-established student housing market driven by one of the region's largest private universities. Offering exceptional investment flexibility, the properties may be acquired collectively as a portfolio or individually, allowing investors to pursue a tailored acquisition strategy based on their investment objectives. Supported by a large and growing student population, Rexburg continues to provide a durable demand base for well-located off-campus housing. The portfolio's desirable locations, established operations, and proximity to BYU-Idaho position the assets to benefit from consistent student demand. With the opportunity to acquire individual properties or the entire eight-property portfolio, the offering presents a compelling opportunity to invest in a university-driven market with strong underlying housing fundamentals. Attractive Going-In Yield: Day-one yield that outpaces comparable multifamily offerings in the region. Walk-to-Campus Locations: Each property is ideally positioned within walking distance of campus, offering students convenient access to the university and on campus amenities. Growing Student Population: BYU-Idaho enrolls more than 23,700 campus-based students, representing 5% year-over-year growth and supporting continued demand for student housing in Rexburg. Proven Occupancy: The portfolio maintains approximately 98% occupancy, demonstrating strong and consistent demand for well-located student housing.

Additional Information

Taxes
$63,800
Elementary School
None/Other
Middle School
None/Other
High School
None/Other
Style
Stories: 2
Living Area
48,096

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Listing courtesy of Marcus & Millichap Real Estate Investment Services, INC.

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