$635,000
SOLD MAR 14, 2022
Last list price

649 W Main St Rexburg, ID 83440

5 Beds
4 Baths
3,743 Sq Ft
1 Acres

Recently Sold

$170 Per Sq Ft

3 Days on Market

Highlights

  • Deck
  • Property is near a park
  • Loft
  • Madison Senior High School Rated A-
  • Multiple Fireplaces
  • No HOA

About This Home

As of March 2022

Attention investors!! Here is a rare opportunity to own a 4 unit property situated on 1 acre on Main Street! This property has a great rental history, many recent upgrades, and a BRAND NEW paved parking lot! The first building features two 1 bedroom units that were completely gutted to the shell of the building and are basically brand-new units inside and out as of 2019. They have a very open layout, beautiful custom kitchens, LVP flooring, and were built to be very energy efficient! The A-Frame building has been an extremely popular rental in Rexburg due to the unique and open layout and spacious feel! The upper unit features a great room with 18'+ ceilings, a grand floor to ceiling fireplace, a beautiful open loft with an outdoor balcony, a brand-new kitchen updated flooring, and a sunroom. The basement unit features two bedrooms, an extremely large bathroom, and lots of living space. The property also features a garage that is also being rented out. There is plenty of extra space on this property which gives you the flexibility for possible future expansion. The landscaped areas were all redone a few years ago with new sod and a new sprinkler system. Call for more details! Limited showing availability so make sure to contact an agent!

Last Agent to Sell the Property

Advantage Team

Idaho Agents Real Estate Listed on: 02/17/2022

Last Buyer's Agent

Lena Wight

NextHome Advantage Realty License #SP50324

NextHome Advantage Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,085

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 1 Acre Lot
  • Level Lot
  • Sprinkler System
  • Many Trees
  • Garden

Home Design

  • Quadruplex
  • Frame Construction
  • Metal Roof
  • Metal Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Ceiling Fan
  • Multiple Fireplaces
  • Loft

Kitchen

  • Oven
  • Stove
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Basement Window Egress

Parking

  • Garage
  • Open Parking
  • Off-Street Parking

Accessible Home Design

  • Handicap Accessible

Outdoor Features

  • Balcony
  • Deck

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

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Exclusions: Tenant Personal Property
  • Total Actual Rent $38,700
  • Tenant pays for cable TV, electricity
  • The owner pays for common area maintenance, sewer, snow removal, insurance, trash collection, grounds care, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,085

Year Built

Built in 1965 | Remodeled

Lot Details

0

Listing Details

  • Has Basement: Full, Daylight, Egress Windows, Exterior Entry, Finished
  • Inclusions: Fridges, Dishwashers, Washers, Dryers, Microwaves
  • Prop. Type: Residential Income
  • Property Sub Type: Quadruplex
  • Lot Size Acres: 1.004
  • Subdivision Name: None
  • Directions: North on Hwy 20, Main St exit, property on south side of road.
  • Above Grade Finished Sq Ft: 2617
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Interior Amenities: Loft, Sunroom, Ceiling Fan(s), Newly Renovated
  • Appliances: Separate Water Heaters, Dishwasher, Microwave, Dryer, Washer, Refrigerator, Oven, Stove
  • Owner Pays: Common Area Maintenance, Sewer, Other, Snow Removal, Insurance, Trash Collection, Grounds Care, Water
  • Accessibility Features: Handicap Access
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 1126
  • Fireplace: Yes
  • Living Area: 3743

Exterior Features

  • Exclusions: Tenant Personal Property
  • Exterior Features: Balcony
  • Roof: Metal
  • Lot Features: Near Park, Near University/College, Near Golf Course, Near Schools, High Traffic, Interstate Exit/Access, Concrete Curbing, Garden, Sprinkler System-Full, Established Lawn, Many Trees, Sprinkler-Auto, Level
  • View: No
  • Construction Type: Block, Frame, Metal, Vinyl
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Deck
  • Property Condition: Existing

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Off Street, Garage

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Laundry Included
  • Cooling: None
  • Cooling Y N: No
  • Heating: Natural Gas, Forced Air, Separate Heat, Fireplace(s), Central H/A
  • 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: 43734.24
  • Zoning Description: General Zoning: Not Specified,Specific Zoning: Not Verified
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5085

Multi Family

  • Number Of Units Total: 4
  • Total Actual Rent: 38700
  • Above Grade Finished Area Units: Square Feet

MLS Schools

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

Range of Values:

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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 Change Sq Ft Price
03/14/2022 03/14/22 Sold -- -- --
02/20/2022 02/20/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $635,000 +452.2% $170 / Sq Ft
10/16/2015 10/16/15 Sold -- -- --
08/07/2015 08/07/15 Pending -- -- --
06/22/2015 06/22/15 For Sale $115,000 -- $43 / 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
2024 $3,444 $335,852 $75,000 $260,852
2023 $3,444 $312,823 $60,000 $252,823
2022 $3,539 $282,531 $50,000 $232,531
2021 $2,792 $188,466 $40,000 $148,466
2020 $2,233 $154,383 $30,000 $124,383
2019 $2,406 $143,122 $30,000 $113,122
2018 $2,222 $131,764 $30,000 $101,764
2017 $2,186 $126,085 $30,000 $96,085
2016 $1,847 $109,390 $22,500 $86,890
2015 $976 $114,979 $0 $0
2013 -- $112,979 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Snake River Regional MLS

MLS Number: 2142221

Snake River Regional MLS

APN: RPRXBCA0250031