460 S 2nd W, Rexburg, ID 83440
Local realty services provided by:CENTURY 21 Naomi
460 S 2nd W,Rexburg, ID 83440
$6,500,000
- 126 Beds
- 84 Baths
- 76,454 sq. ft.
- Multi-family
- Active
Listed by: evan clark
Office: marcus & millichap real estate investment services, inc
MLS#:2192519
Source:SL
Price summary
- Price:$6,500,000
- Price per sq. ft.:$85.02
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....
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Home facts
- Year built:1972
- Subdivision & Development:PARKER ADDITION TO REXBURG
- Listing ID #:2192519
- Added:1 day(s) ago
- Updated:October 22, 2026 at 10:59 PM
Rooms and interior
- Bedrooms:126
- Total bathrooms:84
- Living area:76,454 sq. ft.
Structure and exterior
- Year built:1972
- Building area:76,454 sq. ft.
- Lot area:1.76 Acres
Schools
- High school:None/Other
- Middle school:None/Other
- Elementary school:None/Other
Finances and disclosures
- Price:$6,500,000
- Price per sq. ft.:$85.02
- Tax amount:$49,729
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