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655 CENTENNIAL MTN Street, Driggs, ID 83422

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For Sale

$4,800,000

14,448 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Attached
    Property type

  • $332.23
    Price per square foot

  • 1-5 Years Old
    Age

Explore this Property

Henry's Fork Building | Offered as Part of a 3-Building Multi Family Portfolio | $14,400,000 Pitts West Investments is pleased to present the Henry's Fork Building, a 12-unit apartment building located in the heart of Driggs, Idaho. This asset is one of three identical buildings being offered at $14,400,000, representing a rare opportunity to acquire high-performing, modern multifamily product in a supply-constrained mountain town market. Property Overview: Unit Mix (12 total units):   3 × 1BD / 1BA (831 SF)   6 × 2BD / 2BA (1,056 SF)   3 × 3BD / 3BA (1,281 SF) Total Net Rentable SF per Building: ~12,492 SF Additional Features: " 6 private storage closets per building (additional revenue potential) " 2 surface parking stalls per unit " High historical occupancy " Strong rental demand in a growing Teton Valley submarket Investment Highlights: Below Replacement Cost: Acquire new, high-quality construction at a price well below today's development costs. Value-Add Opportunities: Enhance revenue through short-term rental conversion, master leasing strategies, or monetizing additional storage. Prime Location: Steps from Downtown Driggs, Broulim's grocery store, public transit routes, and Teton County's pathway system. Turnkey Portfolio: All three buildings share identical layouts and finishes, streamlining management and maximizing operational efficiency. Tight Rental Market: Driggs continues to experience strong demand and limited new supply, supporting future rent growth and appreciation. This offering provides a compelling opportunity for investors seeking yield, scale, and long-term growth in a high-barrier-to-entry market at the base of the Tetons.
MLS# 25-1176

Courtesy Of Keller Williams Jackson Hole

(307) 699-1232

Property Features

  • Age
    1-5 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Wood Siding
  • Lot Size
    0.6 Acres
  • View Type
    Mountain

Map and Directions

Directions to 655 CENTENNIAL MTN Street, Driggs, ID 83422

Home seller CENTURY 21 Teton Valley

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CENTURY 21 Teton Valley

(208) 787-8000
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Copyright © 2025 Teton Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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