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235 S 1st E
Rexburg, ID 83440
Crestwood Apartments · Multifamily Property For Sale
·
21 Units
Investment Highlights
- Prime Location Advantage: School approved housing located approximatley 50 feet from Brigham Young University Idaho.
- Robust Enrollment Growth: BYU-Idaho has welcomed record-breaking incoming classes in two consecutive years (Fall 2024 and Fall 2025) and reached a rec
- Stabilized with Upside: Strong in-place income, Fall 2026 rent increases scheduled, and newly installed fiber driving operating cost savings.
Executive Summary
Marcus & Millichap is pleased to present the opportunity of Crestwood Apartments, a 71-bed Student Housing Opportunity located in Rexburg, Idaho. This property offers an exceptional living opportunity for BYU-Idaho students, providing affordable, comfortable housing right across from campus. This BYU-Idaho Approved complex delivers a home-away-from-home experience at a great price, with the convenience of a short walk to classes, fellow students, and campus activities. Residents benefit from private closets and desks, allowing for personal space and efficient study environments. The large lounge area, featuring couches, a TV, and a piano, creates a welcoming space for socializing and relaxation. Additional perks include free onsite laundry and ample parking, making daily living both convenient and economical. Located near key campus landmarks such as the Visual Arts Studio, Spori, Testing Center, and Clarke buildings, Crestwood Apartments ensures that walks to campus are just minutes away. Crestwood Apartments stands out as the ideal choice for investors seeking a balanced, convenient, and enriching college-proximal investment opportunity.
Situated in a market driven by consistent enrollment, Crestwood benefits from strong, reliable demand for walkable housing near campus. Its location and straightforward operating profile provide investors with stable occupancy and long-term performance potential.
Situated in a market driven by consistent enrollment, Crestwood benefits from strong, reliable demand for walkable housing near campus. Its location and straightforward operating profile provide investors with stable occupancy and long-term performance potential.
Property Facts
| Price Per Unit | $100,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| No. Units | 21 | Building Size | 23,500 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1974 |
| Apartment Style | Garden | ||
| Zoning | HDR2 | ||
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 23,500 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Zoning | HDR2 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Range
Site Amenities
- Furnished Units Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | 1,000 |
| 3+1 | 11 | - | 1,200 |
Property Taxes
| Parcel Number | RPR000P0042350 | Improvements Assessment | $197,900 |
| Land Assessment | $242,100 | Total Assessment | $440,000 |
Property Taxes
Parcel Number
RPR000P0042350
Land Assessment
$242,100
Improvements Assessment
$197,900
Total Assessment
$440,000
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