$4,410,000
SOLD OCT 1, 2025
Last list price

431 S 3rd W Rexburg, ID 83440

51 Beds
34 Baths
21,862 Sq Ft
1.2 Acres

Recently Sold

$202 Per Sq Ft

124 Days on Market

Highlights

  • Property is near a park
  • Corner Lot
  • Handicap Accessible
  • Madison Senior High School Rated A-
  • Storage
  • Forced Air Heating and Cooling System

About This Home

As of October 2025

17 unit package. Come enjoy Rexburg like never before! This is a brand new product to the Rexburg housing market. Zoning allows for Air BNBs! This is a turn key airbnb portfolio. Fully furnished units! Each condo boasts a spacious 1,286sqft with 3 beds and 2 baths. Bathroom has a spacious 3 spot vanity. All units feature an in unit washer and dryer that are included with the purchase. Amenities include a spacious lounge perfect for hosting get together and parties as well as updated gym. HOA includes water, sewer, garbage, gas, tv, and internet as well as snow removal. Whether you are looking for your first home, second home, Air BNB, or long term investment this property can do it all. The condo conversion took place in Mid June 2022. Because the units are now condos they can be rented to off track students, online students, married couple and the general public. The only restriction is for single students currently enrolled with BYU Idaho. Please see BYU Idahos rules and regulations for more info. All units are fully furnished and are a turnkey rental. All units are designed the exact same. All units have the same layout and square footage.

Last Agent to Sell the Property

Luke Bloxham

Real Broker LLC License #SP45710 Listed on: 05/07/2025

Real Broker LLC

Last Buyer's Agent

Ron Arnold

Ron Arnold Realty License #DB33565

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $50,422

Year Built

  • Built in 2017

Lot Details

  • 1.2 Acre Lot
  • Corner Lot
  • Level Lot
  • Sprinkler System
  • Many Trees

HOA Fees

  • $242 Monthly HOA Fees

Parking

  • 51 Car Garage

Home Design

  • Brick Exterior Construction
  • Architectural Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 21,862 Sq Ft Home
  • Wired For Data
  • Storage

Kitchen

  • Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 51 Bedrooms
  • 34 Full Bathrooms

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Handicap Accessible

Location

  • Property is near a park
  • Property is near schools

Schools

  • Midway 251El Elementary School
  • Madison 321Jh Middle School
  • Madison 321Hs High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for common area maintenance, gas, insurance, sewer, snow removal, trash collection, water

Community Details

Overview

  • 17 Units

Amenities

  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$50,422

Year Built

Built in 2017

Lot Details

0

HOA Fees

$242 per month

Parking

51

Listing Details

  • Has Basement: None
  • Inclusions: All Furnishings In Each Unit As Well As Kitchen Appliances And Washer And Dryer For Each Unit.
  • Prop. Type: Residential Income
  • Property Sub Type: Multi Family
  • Lot Size Acres: 1.2
  • Subdivision Name: None
  • Directions: From the first Rexburg Exit head north on the Yellowstone highway continue till highway becomes West Fourth South. Continue 1/4 mile and complex is on your right.
  • Above Grade Finished Sq Ft: 21862
  • New Construction: No
  • Year Built: 2017
  • Special Features: None

Interior Features

  • Interior Amenities: Wired for Data, Storage
  • Appliances: Common Water Heaters, Dishwasher, Dryer, Microwave, Refrigerator, Oven, Washer
  • Owner Pays: Common Area Maintenance, Gas, Insurance, Sewer, Snow Removal, Trash Collection, Water
  • Accessibility Features: Handicap Access
  • Full Bathrooms: 34
  • Total Bedrooms: 51
  • Living Area: 21862

Exterior Features

  • Roof: Architectural
  • Lot Features: High Traffic, Near Park, Near Schools, Near University/College, Concrete Curbing, Established Lawn, Many Trees, Flower Beds, Sprinkler-Auto, Corner Lot, Level
  • Construction Type: Block, Brick, Metal Siding, Vinyl Siding
  • Foundation Details: Concrete Perimeter
  • Property Condition: Existing

Garage/Parking

  • Covered Parking Spaces: 51
  • Garage Spaces: 51
  • Total Parking Spaces: 51

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • 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

  • Community Features: Additional Storage
  • Senior Community: No
  • Association Fee: 242
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Middle Or Junior School: Madison 321JH

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 52272
  • Zoning Description: General Zoning: Rx High Density Re,Specific Zoning: Rexburg-High Density Resid 1

Rental Info

  • Tenant Pays: Electricity

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 50422

Multi Family

  • Number Of Units Total: 17
  • Above Grade Finished Area Units: Square Feet

MLS Schools

  • Elementary School: Midway 251EL
  • HighSchool: Madison 321HS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 3, 2023
Sold by
Brighams Mill Llc
Bought by
Owusu Mercy Obenewaa
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Title One
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2025 10/01/25 Sold -- -- --
09/08/2025 09/08/25 Pending -- -- --
05/07/2025 05/07/25 For Sale $4,410,000 -- $202 / Sq Ft
Source: Snake River Regional MLS

Tax History Compared to Growth

Source: Public Records

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 $0 $25 $25 $0
2024 -- $25 $25 $0
2023 -- $25 $25 $0
2022 $0 $25 $25 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Snake River Regional MLS

MLS Number: 2176310

Snake River Regional MLS

APN: RPR7BMA0000000