655 Centennial Mountain St Driggs, ID 83422
Estimated payment $23,530/month
Highlights
- Mountain View
- Wood Siding
- Heating Available
- Level Lot
About This Home
Henry's Fork Building |
Offered as Part of a 3-Building Multi Family Portfolio | $14,400,000
Pitts West Investments is pleased to present the Henry's Fork Building, a 12-unit apartment building located in the heart of Driggs, Idaho. This asset is one of three identical buildings being offered at $14,400,000, representing a rare opportunity to acquire high-performing, modern multifamily product in a supply-constrained mountain town market.
Property Overview:
Unit Mix (12 total units):
• 3 × 1BD / 1BA (831 SF)
• 6 × 2BD / 2BA (1,056 SF)
• 3 × 3BD / 3BA (1,281 SF)
Total Net Rentable SF per Building: ~12,492 SF Additional Features:
" 6 private storage closets per building (additional revenue potential)
" 2 surface parking stalls per unit
" High historical occupancy
" Strong rental demand in a growing Teton Valley submarket
Investment Highlights:
Below Replacement Cost: Acquire new, high-quality construction at a price well below today's development costs.
Value-Add Opportunities: Enhance revenue through short-term rental conversion, master leasing strategies, or monetizing additional storage.
Prime Location: Steps from Downtown Driggs, Broulim's grocery store, public transit routes, and Teton County's pathway system.
Turnkey Portfolio: All three buildings share identical layouts and finishes, streamlining management and maximizing operational efficiency.
Tight Rental Market: Driggs continues to experience strong demand and limited new supply, supporting future rent growth and appreciation.
This offering provides a compelling opportunity for investors seeking yield, scale, and long-term growth in a high-barrier-to-entry market at the base of the Tetons.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,452
Year Built
- Built in 2022
Lot Details
- 0.6 Acre Lot
- Level Lot
Parking
- 10 Car Garage
- Off-Street Parking
Home Design
- Shingle Roof
- Composition Shingle Roof
- Wood Siding
- Cement Siding
- Stick Built Home
Interior Spaces
- 14,448 Sq Ft Home
- Multi-Level Property
- Mountain Views
Utilities
- No Cooling
- Heating Available
Community Details
- Property has a Home Owners Association
- 12 Units
- Creekside Meadows Subdivision
Listing and Financial Details
- Assessor Parcel Number RPA022600A0030
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 | $10,452 | $2,660,000 | $425,000 | $2,235,000 |
| 2024 | $1,084 | $2,485,000 | $250,000 | $2,235,000 |
| 2023 | $1,073 | $250,000 | $250,000 | $0 |
| 2022 | $451 | $90,000 | $90,000 | $0 |
| 2021 | $731 | $90,000 | $90,000 | $0 |
| 2020 | $892 | $90,000 | $90,000 | $0 |
| 2019 | $442 | $45,000 | $45,000 | $0 |
| 2018 | $478 | $45,000 | $45,000 | $0 |
| 2017 | $444 | $45,000 | $45,000 | $0 |
| 2016 | $489 | $45,000 | $45,000 | $0 |
| 2015 | $604 | $45,000 | $45,000 | $0 |
| 2011 | -- | $32,000 | $32,000 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/12/2025 08/12/25 | Price Changed | $4,166,666 | 0.0% | $288 / Sq Ft |
| 08/12/2025 08/12/25 | For Sale | $4,166,666 | -13.2% | $288 / Sq Ft |
| 07/31/2025 07/31/25 | Off Market | -- | -- | -- |
| 05/29/2025 05/29/25 | For Sale | $4,800,000 | -- | $332 / Sq Ft |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $2,400,000 | Commercial |
Source: Teton Board of REALTORS®
MLS Number: 25-1176
APN: RPA022600A0030
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