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271 S 2nd W 16 Unit Apartment Building $3,000,000 ($187,500/Unit) 6.07% Cap Rate Rexburg, ID 83440

Apartment Buildings Idaho Rexburg 271 S 2nd W, Rexburg, ID 83440

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Investment Highlights

  • One block to campus - BYU-Idaho
  • New main water line installed in 2024
  • Rexburg ranked 10th safest city in the USA in 2023
  • New roof installed in 2025
  • New water heaters installed between 2023 and 2024
  • Potential for additional beds

Executive Summary

One block to campus - BYU-Idaho. Excellent condition.

Attachments

Avonlea Men Offering Slides - 2026

Property Facts

Price $3,000,000 Apartment Style Low-Rise
Price Per Unit $187,500 Building Class B
Sale Type Investment Lot Size 0.62 AC
Cap Rate 6.07% Building Size 18,000 SF
No. Units 16 Average Occupancy 100%
Property Type Multifamily No. Stories 2
Property Subtype
Apartment
  • Multifamily Dormitory
 Year Built/Renovated 1980/2011
Zoning HDR1 - Student housing in the PED zone
Price $3,000,000
Price Per Unit $187,500
Sale Type Investment
Cap Rate 6.07%
No. Units 16
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class B
Lot Size 0.62 AC
Building Size 18,000 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1980/2011
Zoning HDR1 - Student housing in the PED zone

Amenities

Unit Amenities

  • Heating
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Freezer

Site Amenities

  • Clubhouse
  • Picnic Area
  • Gameroom
  • Gas Range
  • Wi-Fi
  • Storage Space
  • Community-Wide WiFi
  • Walk-Up

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 16 - -

Links

1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Source: Local Logic®

Property Taxes

Parcel Number RPR00SE0085190 Improvements Assessment $1,462,400
Land Assessment $496,000 Total Assessment $1,958,400

Property Taxes

Parcel Number
RPR00SE0085190
Land Assessment
$496,000
Improvements Assessment
$1,462,400
Total Assessment
$1,958,400
(801) 448-4932

Still interested?

Contact the broker for more information about this property

Contact

  • Devin Durrant
    Devin Durrant
  • First Serve

  • Listing ID: 38854960

  • Date on Market: 12/22/2025

  • Last Updated:

  • Address: 271 S 2nd W, Rexburg, ID 83440

The Multifamily Property at 271 S 2nd W, Rexburg, ID 83440 is currently available for Sale. Contact First Serve for more information.

NEARBY LISTINGS

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271 S 2nd W, Rexburg, ID for sale Primary Photo- Image 1 of 2
Avonlea for Men in the Fall 2025
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271 S 2nd W

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