For sale > 4 Units

Listed Sep 3, 2026

$10,200,000 Est. $67,464/mo

236 South 1st

  • 408

    Beds

  • 138

    Baths

  • 67,894

    Sq ft

The story

Institutional Property Advisors is pleased to present the Rexburg Housing Portfolio, an eight-property student housing portfolio strategically located in Rexburg, Idaho. Ideally positioned near Brigham Young UniversityIdaho, the portfolio benefits from convenient access to campus and a well-established student housing market driven by one of the region's largest private universities. Offering exceptional investment flexibility, the properties may be acquired collectively as a portfolio or individually, allowing investors to pursue a tailored acquisition strategy based on their investment objectives. Supported by a large and growing student population, Rexburg continues to provide a durable demand base for well-located off-campus housing. The portfolio's desirable locations, established operations, and proximity to BYU-Idaho position the assets to benefit from consistent student demand. With the opportunity to acquire individual properties or the entire eight-property portfolio, the offering presents a compelling opportunity to invest in a university-driven market with strong underlying housing fundamentals. Attractive Going-In Yield: Day-one yield that outpaces comparable multifamily offerings in the region. Walk-to-Campus Locations: Each property is ideally positioned within walking distance of campus, offering students convenient access to the university and on campus amenities. Growing Student Population: BYU-Idaho enrolls more than 23,700 campus-based students, representing 5% year-over-year growth and supporting continued demand for student housing in Rexburg. Proven Occupancy: The portfolio maintains approximately 98% occupancy, demonstrating strong and consistent demand for well-located student housing.

Facts & features

Home type

> 4 Units

Year built

1991

Lot size

3 acres

Price per sq ft

$150

Mortgage calculator

Estimated monthly payment

$67,464 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $54,289
  • Property tax $10,200
  • Insurance $2,975

Includes principal, interest, taxes & insurance.

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Listing Broker

Marcus & Millichap Real Estate Investment Services, INC

Broker Name

Marcus & Millichap Real Estate Investment Services, INC

Agent

Evan Clark