• Strong STR Cash Flow

460 S 2ND, Rexburg, ID 83440

$6,500,000

Est. $40,996/mo

Beds
126
Baths
84
Sq ft
76,454
Built
1972

Why this home stands out

  • $66,754/mo STR net cash flow (+139.0% return on spend)

About this home

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.

Agents

EC

Listed by

Evan Clark

Marcus & Millichap Real Estate Investment Services, INC

MLS Agent

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  • Deal score
  • Estimated value
  • Rental income

Schools

  • None/Other

    Elementary

  • None/Other

    Middle School

  • None/Other

    High School

Home details

Property

Type
Residential
Style
> 4 Units
Architectural style
Stories: 2
Year built
1972
Stories
0
Condition
Blt./Standing
Subdivision
PARKER ADDITION TO REXBURG
County
Madison
MLS #
2192519

Costs

List price
$6,500,000
Annual taxes
$49,729
Home warranty
No

Lot and parking

Lot
1.76 ac
Covered spaces
0
Total parking
0
All home details37 details

Property Info

Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 2
Condition
Blt./Standing
MLS #
2192519
County
Madison
Subdivision
PARKER ADDITION TO REXBURG
Year Built
1972
New Construction
No
Stories
0
Total Rooms
0
Living Area
76,454 sq ft
Lot Size (Acres)
1.76
Lot Size
76,665.6 sq ft

Bedrooms & Baths

Bedrooms
126
Total Bathrooms
84

Financial

List Price
$6,500,000
Original Price
$6,500,000
HOA
No
Annual Taxes
$49,729
Home Warranty
No

Lot & Land

Waterfront
No
Horse Property
No

Parking

Garage
No
Carport
No
Covered Spaces
0
Total Parking
0
ADU
No

Amenities

Fireplace
No
Pool
No
Spa/Hot Tub
No

Schools

Elementary
None/Other
Middle School
None/Other
High School
None/Other

Timeline

Listed
Sep 1, 2026
Days on Market
0
Status
Active

Location

PARKER ADDITION TO REXBURG

460 S 2ND, Rexburg, ID 83440

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Common questions

About 460 S 2ND, Rexburg, Idaho
What is the asking price for 460 S 2ND, Rexburg?

460 S 2ND, Rexburg is listed at $6,500,000 ($85/sqft). This listing is currently active and available for showings.

Is 460 S 2ND, Rexburg a good deal?

Propaired's AI deal analysis classifies this property as a "Strong STR Cash Flow" with a deal score of 100/100. Key deal signals: $66,754/mo STR net cash flow (+139.0% return on spend). This analysis considers price relative to comparables, days on market, price reductions, and market conditions.

What lifestyle features does 460 S 2ND, Rexburg offer?

Propaired's AI has identified 3 lifestyle features for this property: Cabin & Mountain, Pool, Investor Special. The primary lifestyle niche is "cabin_mountain." These tags are derived from MLS data, property features, and location analysis.

What schools serve 460 S 2ND, Rexburg?

Assigned schools: Elementary: None/Other; Middle: None/Other; High: None/Other.

Is 460 S 2ND, Rexburg in a flood zone?

This property is classified as low. Flood insurance is not typically required but may be recommended. Always verify current FEMA maps as they are periodically updated.

What is the Propaired intelligence score for 460 S 2ND, Rexburg?

This property has a Propaired intelligence score of 55/100, combining deal value (100), recreation access (N/A), amenity proximity (N/A), broadband quality (N/A), and lifestyle features (3 tags). This composite score helps buyers quickly identify properties that match their priorities.

All 8 questions
What would homeowner's insurance cost for 460 S 2ND, Rexburg?

Homeowner's insurance in Utah typically ranges from 0.3% to 0.5% of the home's value annually. For a home listed at $6,500,000, expect approximately $19,500-$32,500/year ($1,625-$2,708/month). Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.

Could 460 S 2ND, Rexburg be a 1031 exchange property?

Yes, 460 S 2ND, Rexburg could potentially qualify for a 1031 like-kind exchange if used as an investment or business property. A 1031 exchange allows deferral of capital gains taxes by reinvesting proceeds from one investment property into another. Key requirements include identifying a replacement property within 45 days and closing within 180 days. The property must be held for investment purposes — personal residences do not qualify. Consult a qualified intermediary and tax advisor for specific guidance.

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