$1,750,000
$250K PRICE DROP

509 S 5th W Rexburg, ID 83440

Estimated payment $9,675/month

Total Views 38,177
15 Beds
9 Baths
8,000 Sq Ft
$219 Price per Sq Ft

Highlights

  • No HOA
  • Madison Senior High School Rated A-
  • 4 Car Garage

About This Home

1.25 of Prime HDR1 land for sale just s few blocks from BYUI. Amenities include water, sewer gas, power, phone, cable and optix internet. Existing rental properties on site now. Easy access to US 20. According to city you can build a total of 35 units on this acreage. The income and possibilities are amazing. This is one of the largest lots available in this close to the university. Great location for a new project.

Listing Agent

Todd Smith

The Real Estate Office Listed on: 01/12/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,016

Year Built

  • Built in 1950

Lot Details

  • 1.25 Acre Lot

Parking

  • 4 Car Garage

Home Design

  • Frame Construction
  • Architectural Shingle Roof
  • Metal Roof
  • Metal Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 9 Full Bathrooms

Schools

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

Utilities

  • No Cooling
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • 8 Units

Listing and Financial Details

  • Exclusions: To Be Arranged.
  • The owner pays for common area maintenance, insurance, snow removal

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,016

Year Built

Built in 1950

Lot Details

1.25 Acres

Parking

4

Listing Details

  • Has Basement: Full, Other
  • Inclusions: To Be Arranged
  • Prop. Type: Residential Income
  • Property Sub Type: Multi Family
  • Lot Size Acres: 1.25
  • Subdivision Name: None
  • Directions: Rexburg 5th west south of Les Schwab tire to address
  • Above Grade Finished Sq Ft: 7000
  • Garage Yn: Yes
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Owner Pays: Common Area Maintenance, Insurance, Snow Removal
  • Full Bathrooms: 9
  • Total Bedrooms: 15
  • Below Grade Sq Ft: 1000
  • Living Area: 8000

Exterior Features

  • Exclusions: To Be Arranged.
  • Roof: Architectural, Metal
  • View: No
  • Construction Type: Frame, Metal
  • Foundation Details: Concrete Perimeter

Garage/Parking

  • Covered Parking Spaces: 4
  • Garage Spaces: 4
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Cooling Y N: No
  • Heating: Natural Gas
  • 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: 54450
  • Zoning Description: General Zoning: Rx High Density Re,Specific Zoning: Rexburg-High Density Resid 1
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Gas, Electricity

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 8016

Multi Family

  • Number Of Units Total: 8
  • Above Grade Finished Area Units: Square Feet

MLS Schools

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

Map

Range of Values:

--
Value Increase
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Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 $1,637 $311,688 $65,000 $246,688
2024 $1,654 $306,688 $60,000 $246,688
2023 $1,654 $289,558 $50,000 $239,558
2022 $1,689 $258,835 $35,000 $223,835
2021 $1,677 $225,039 $28,000 $197,039
2020 $1,326 $187,446 $28,000 $159,446
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/03/2024 04/03/24 For Sale $1,750,000 0.0% $219 / Sq Ft
03/31/2024 03/31/24 Off Market -- -- --
08/09/2023 08/09/23 Price Changed $1,750,000 0.0% $219 / Sq Ft
08/09/2023 08/09/23 For Sale $1,750,000 -12.5% $219 / Sq Ft
08/01/2023 08/01/23 Off Market -- -- --
01/13/2023 01/13/23 For Sale $2,000,000 -- $250 / Sq Ft
Source: Snake River Regional MLS

Source: Snake River Regional MLS

MLS Number: 2152151

Snake River Regional MLS

APN: RPR4KLA006002B

Idaho Madison County Rexburg 83440

509 S 5th W, Rexburg, ID

For Sale

MultiFamily

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.

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