- Great Deal (vs Market)
236 W 3RD, Rexburg, ID 83440
$1,640,000
Est. $10,661/mo
- Beds
- 72
- Baths
- 26
- Sq ft
- 12,240
- Built
- 1997
Why this home stands out
- Priced 76% below city subtype median
- $2,147/mo STR net cash flow (+17.3% 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
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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
- 1997
- Stories
- 0
- Condition
- Blt./Standing
- Subdivision
- SOUTHEND ADDITION TO REXBURG
- County
- Madison
- MLS #
- 2192525
Costs
- List price
- $1,640,000
- Annual taxes
- $16,359
- Home warranty
- No
Lot and parking
- Lot
- 0.74 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 #
- 2192525
- County
- Madison
- Subdivision
- SOUTHEND ADDITION TO REXBURG
- Year Built
- 1997
- New Construction
- No
- Stories
- 0
- Total Rooms
- 0
- Living Area
- 12,240 sq ft
- Lot Size (Acres)
- 0.74
- Lot Size
- 32,234.4 sq ft
Bedrooms & Baths
- Bedrooms
- 72
- Total Bathrooms
- 26
Financial
- List Price
- $1,640,000
- Original Price
- $1,640,000
- HOA
- No
- Annual Taxes
- $16,359
- 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 3, 2026
- Days on Market
- 0
- Status
- Active
Location
SOUTHEND ADDITION TO REXBURG236 W 3RD, Rexburg, ID 83440
Open in map searchCommon questions
About 236 W 3RD, Rexburg, IdahoWhat is the asking price for 236 W 3RD, Rexburg?
236 W 3RD, Rexburg is listed at $1,640,000 ($134/sqft). This listing is currently active and available for showings.
Is 236 W 3RD, Rexburg a good deal?
Propaired's AI deal analysis classifies this property as a "Great Deal (vs Market)" with a deal score of 100/100. Key deal signals: Priced 76% below city subtype median; $2,147/mo STR net cash flow (+17.3% return on spend). This analysis considers price relative to comparables, days on market, price reductions, and market conditions.
What lifestyle features does 236 W 3RD, Rexburg offer?
Propaired's AI has identified 1 lifestyle feature for this property: Investor Special. The primary lifestyle niche is "investor_special." These tags are derived from MLS data, property features, and location analysis.
What schools serve 236 W 3RD, Rexburg?
Assigned schools: Elementary: None/Other; Middle: None/Other; High: None/Other.
Is 236 W 3RD, 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 236 W 3RD, Rexburg?
This property has a Propaired intelligence score of 45/100, combining deal value (100), recreation access (N/A), amenity proximity (N/A), broadband quality (N/A), and lifestyle features (1 tags). This composite score helps buyers quickly identify properties that match their priorities.
All 8 questions
What would homeowner's insurance cost for 236 W 3RD, 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 $1,640,000, expect approximately $4,920-$8,200/year ($410-$683/month). Get multiple quotes — rates vary significantly by insurer.
Could 236 W 3RD, Rexburg be a 1031 exchange property?
Yes, 236 W 3RD, 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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