$4,410,000

431 S 3rd W Rexburg, ID 83440

Estimated payment $28,917/month

Total Views 3,688
51 Beds
34 Baths
21,862 Sq Ft
$202 Price per Sq Ft

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

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.

Listing Agent

Luke Bloxham

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

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
  • Metal Siding
  • Vinyl Siding
  • 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

  • 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
  • View: No
  • Construction Type: Block, Brick, Metal, Vinyl
  • 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
  • ResoLotSizeUnits: Acres

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

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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

Property History

Date Event Price Change Sq Ft Price
05/07/2025 05/07/25 For Sale $4,410,000 -- $202 / Sq Ft
Source: Snake River Regional MLS

Purchase History

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

About the Listing Agent

Luke Bloxham

Real Broker LLC

(208) 269-1295

Section Image

Real Estate Agent | Residential & Multifamily Specialist | Investor & Development Expert

With over a decade of experience in the real estate industry, Luke brings a deep understanding of the market and a proven track record in helping clients achieve their real estate goals. Specializing in both residential and multifamily properties, Luke works closely with buyers, sellers, and investors to deliver strategic solutions that maximize value and long-term potential.

Throughout a

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  • 580 N 4th St Unit 3, Ashton, ID 83420

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  • TBD N 3350 E, Shelley, ID 83274

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  • TBD 3350 N, Shelley, ID 83274

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Source: Snake River Regional MLS

MLS Number: 2176310

Snake River Regional MLS

APN: RPR7BMA0000000