$4,375,000

35 W 2nd N Rexburg, ID 83440

Estimated payment $25,480/month

Total Views 2,427
2 Beds
1 Bath
21,700 Sq Ft
$202 Price per Sq Ft

Highlights

  • Property is near a park
  • Adjacent to Greenbelt
  • Cooling System Mounted To A Wall/Window
  • Madison Senior High School Rated A-
  • No HOA
  • Forced Air Heating System

About This Home

Introducing College Park Apartments, a 31-unit multi-family complex ideally located In Rexburg, ID. This well-maintained property consists of thirty one 2 bedroom 1 bathroom apartments. The complex features ample off-street parking and on-site laundry facilities. Tenants enjoy walkable access to parks, downtown amenities, restaurants, and public transportation. With historically high occupancy rates and stable cash flow, this is a rare turnkey asset in one of Idaho's strongest rental markets. Whether you're looking to expand your portfolio or secure a high-performing asset in a growing college town, College Park Apartments is a premier investment opportunity. Buyer and buyers agent to verify all information.

Listing Agent

Abra Kirby

Axiom Properties & Development, Inc. License #SP45892 Listed on: 09/19/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,414

Lot Details

  • 1.03 Acre Lot
  • Adjacent to Greenbelt
  • Level Lot
  • Sprinkler System

Parking

  • 62 Car Garage
  • Off-Street Parking

Home Design

  • 21,700 Sq Ft Home
  • Brick Exterior Construction
  • Slab Foundation
  • Architectural Shingle Roof

Kitchen

  • Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Exterior Lighting

Location

  • Property is near a park
  • Property is near schools
  • Property is near a golf course

Schools

  • Kennedy 321El Elementary School
  • Madison 321Jh Middle School
  • Madison 321Hs High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Exclusions: Tenant's Personal Items, Items In Office Area And Storage Room.
  • The owner pays for common area maintenance, insurance, grounds care, sewer, snow removal, trash collection, water

Community Details

Overview

  • No Home Owners Association
  • 31 Units
  • Rexburg Townsite Mad Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,414

Lot Details

0

Parking

62

Listing Details

  • Has Basement: None
  • Inclusions: Fridge, Dishwasher, Stove. Coin Op Laundry Machines
  • Prop. Type: Residential Income
  • Property Sub Type: Multi Family
  • Lot Size Acres: 1.03
  • Subdivision Name: Rexburg Townsite-Mad
  • Directions: Across from Rexburg Rapids.
  • Above Grade Finished Sq Ft: 21700
  • New Construction: No
  • Special Features: None

Interior Features

  • Appliances: Separate Water Heaters, Dishwasher, Refrigerator, Oven
  • Owner Pays: Common Area Maintenance, Insurance, Grounds Care, Sewer, Snow Removal, Trash Collection, Water
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 21700

Exterior Features

  • Exclusions: Tenant's Personal Items, Items In Office Area And Storage Room.
  • Exterior Features: Lighting
  • Roof: Architectural
  • View: None
  • Lot Features: Interstate Exit/Access, Near Golf Course, Near Green Belt, Near Park, Near Schools, Near University/College, Established Lawn, Sprinkler-Auto, Sprinkler System-Full, Level
  • View: No
  • Construction Type: Vinyl Siding, Brick
  • Foundation Details: Slab
  • Property Condition: Existing

Garage/Parking

  • Covered Parking Spaces: 62
  • Garage Spaces: 62
  • Parking Features: Off Street
  • Total Parking Spaces: 124

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Coin Operated Laundry
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Natural Gas, Forced Air, Separate Heat
  • Electric: Separate Power Meters, Rocky Mountain Power
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle Or Junior School: Madison 321JH

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 44866.8
  • Zoning Description: General Zoning: Mc-High Density,Specific Zoning: Rexburg-High Density Resid 1

Rental Info

  • Tenant Pays: Cable TV, Gas, Electricity

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 30414

Multi Family

  • Number Of Units Total: 31
  • Above Grade Finished Area Units: Square Feet

MLS Schools

  • Elementary School: Kennedy 321EL
  • HighSchool: Madison 321HS

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/19/2025 09/19/25 For Sale $4,375,000 -- $1,563 / Sq Ft
Source: Snake River Regional MLS

Source: Snake River Regional MLS

MLS Number: 2179683

Snake River Regional MLS
Idaho Madison County Rexburg 83440

35 W 2nd N, Rexburg, ID

For Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Snake River Regional MLS Copyright Snake River MLS. All rights reserved. Information is deemed reliable but not guaranteed.

Nearby Homes
Listing Agent
Abra Kirby
Section Image
Axiom Properties & Development, Inc.
(208) 241-8955