For sale · Rexburg

$8,100,000

487 S 3RD W, Rexburg, ID

146 bedrooms52 bathrooms39,858 square feet

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146bedrooms
52bathrooms
39,858square feet
1.75acre lot
1997year built

The story

About this home.

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.

Home facts

Status
Active
Type
Residential
Built
1997
Lot
1.75 acres
Living area
39,858 sq ft
ZIP code
83440

Listing courtesy of Marcus & Millichap Real Estate Investment Services, INC, Evan Clark, 303-328-2050.

Presented by Real Broker, LLC.

Based on information from UtahRealEstate.com as of 2026-11-08. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively 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 deemed reliable but not guaranteed.

What it costs a month.

Your estimated payment

$43,898/mo

  • Principal and interest $43,898

Rate starts at Freddie Mac's weekly 30-year average (2026-11-05) · $6,480,000 · An estimate only, not a loan offer. Property taxes and insurance are extra; a lender gives you real figures.

Where it is.

Based on information from UtahRealEstate.com as of 2026-11-08. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively 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 deemed reliable but not guaranteed.

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165 S Regent St, Salt Lake City, UT 84111