Stories: 2
160 W 5TH S
Rexburg, ID 83440
MLS#: 2192520
$6,600,000
Property
Beds
120
Full Baths
None
1/2 Baths
None
Year Built
1986
Sq.Footage
33,360
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.
Features & Amenities
Interior
-
Total Bedrooms
120
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Fireplace YN
NO
-
Heating YN
NO
-
Heating
None
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
1.88
-
Lot Size(square feet)
81,892
-
Property Type
Residential
-
Property Sub Type
Multi Family
-
Architectural Style
Stories: 2
Price
-
Sales Price
$6,600,000
-
Tax Amount
$44,415
-
Sq. Footage
33,360
-
Price/SqFt
$197
HOA
-
Association
No
Property Resources
-
Horse Property
NO
School District
-
Elementary School
None/Other
-
Middle School
None/Other
-
High School
None/Other
Property Features
-
New Construction
NO
-
Senior Community YN
NO
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Location
County
Madison
Elementary School
None/Other
Middle School
None/Other
High School
None/Other
Listing Courtesy of Evan Clark, Marcus & Millichap Real Estate Investment Services, INC
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Principal Broker
Micah Pearson
Call Micah today to schedule a private showing.
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