36 E Main St Rexburg, ID 83440
Estimated payment $4,233/month
Highlights
- Property is near a park
- Corner Lot
- Cooling System Mounted To A Wall/Window
- Madison Senior High School Rated A-
- No HOA
- Handicap Accessible
About This Home
Prime mixed-use investment property located in the heart of historic downtown Rexburg. just steps from BYU-Idaho. Originally built as the Rexburg State Bank, this beautifully preserved brick building retains its historic character, including the original bank vault still located on-site. Zoned CBD (Central Business District), allowing for retail, restaurant, or mixed commercial use. The main floor was fully remodeled in winter 2024, featuring modern finishes, updated electrical, and plumbing while maintaining the building's classic early-1900s appeal. Currently leased to an established local cafe/restaurant. The upper level includes four fully rented apartments, each approximately 400-600 sq ft, remodeled in 2010 and featuring a shared coin-operated washer/dryer that generates additional income. Basement (approx. 1,800 sq ft) offers additional storage and mechanical space. The property has enjoyed strong, consistent occupancy for over 20 years, demonstrating the continued rental demand in this high-traffic downtown location. Recent improvements include HVAC upgrades and system updates. Excellent opportunity for investors PLEASE DO NOT DISTURB BUSINESS & TENANT. Buyer to verify all information with the city & county offices.
Listing Agent
Silvercreek Realty Group License #5171962 Listed on: 10/28/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,660
Year Built
- Built in 1903 | Remodeled
Lot Details
- 2,614 Sq Ft Lot
- Corner Lot
Home Design
- Quadruplex
- Brick Exterior Construction
- Membrane Roofing
- Wood Siding
- Concrete Perimeter Foundation
- Stucco
Interior Spaces
- Partially Finished Basement
- Walk-Out Basement
Bedrooms and Bathrooms
- 4 Bedrooms
Accessible Home Design
- Handicap Accessible
Location
- Property is near a park
- Property is near schools
Schools
- Adams 321El Elementary School
- Madison 321Jh Middle School
- Madison 321Hs High School
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
- 5 Units
- Rexburg Townsite Mad Subdivision
Listing and Financial Details
- The owner pays for trash collection
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,583 | $360,600 | $23,610 | $336,990 |
| 2024 | $3,765 | $360,600 | $23,610 | $336,990 |
| 2023 | $3,765 | $258,000 | $17,610 | $240,390 |
| 2022 | $3,284 | $258,000 | $17,610 | $240,390 |
| 2021 | $3,864 | $258,000 | $17,610 | $240,390 |
| 2020 | $3,657 | $258,000 | $17,610 | $240,390 |
| 2019 | $2,870 | $168,000 | $17,610 | $150,390 |
| 2018 | $2,753 | $160,590 | $15,390 | $145,200 |
| 2017 | $2,827 | $160,590 | $0 | $0 |
| 2016 | $2,549 | $148,480 | $22,500 | $125,980 |
| 2015 | $2,584 | $148,480 | $0 | $0 |
| 2013 | -- | $149,970 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/02/2025 12/02/25 | Price Changed | $749,000 | -3.4% | $104 / Sq Ft |
| 10/28/2025 10/28/25 | For Sale | $775,000 | -- | $108 / Sq Ft |
Source: Snake River Regional MLS
MLS Number: 2180432
APN: RPRRXB10380140
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.
Copyright Snake River MLS. All rights reserved. Information is deemed reliable but not guaranteed.
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