235 S 1st E - Apartments FOR SALE


Rexburg, ID 83440
$1,995,000 USD
801-736-2654
235 S 1st E, Rexburg, ID for Sale
$1,995,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

235 S 1st E
Rexburg, ID 83440


HIGHLIGHTS

  • Prime Location Advantage: School approved housing located approximatley 50 feet from Brigham Young University Idaho.
  • Stabilized with Upside: Strong in-place income, Fall 2026 rent increases scheduled, and newly installed fiber driving operating cost savings.
  • Robust Enrollment Growth: BYU-Idaho has welcomed record-breaking incoming classes in two consecutive years (Fall 2024 and Fall 2025) and reached a rec

OVERVIEW

Marcus & Millichap is pleased to present the opportunity of Crestwood Apartments, a 71-bed Student Housing Opportunity located in Rexburg, Idaho. This property offers an exceptional living opportunity for BYU-Idaho students, providing affordable, comfortable housing right across from campus. This BYU-Idaho Approved complex delivers a home-away-from-home experience at a great price, with the convenience of a short walk to classes, fellow students, and campus activities. Residents benefit from private closets and desks, allowing for personal space and efficient study environments. The large lounge area, featuring couches, a TV, and a piano, creates a welcoming space for socializing and relaxation. Additional perks include free onsite laundry and ample parking, making daily living both convenient and economical. Located near key campus landmarks such as the Visual Arts Studio, Spori, Testing Center, and Clarke buildings, Crestwood Apartments ensures that walks to campus are just minutes away. Crestwood Apartments stands out as the ideal choice for investors seeking a balanced, convenient, and enriching college-proximal investment opportunity. Situated in a market driven by consistent enrollment, Crestwood benefits from strong, reliable demand for walkable housing near campus. Its location and straightforward operating profile provide investors with stable occupancy and long-term performance potential.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$85 USD /SF

# OF UNITS

21

PRICE/UNIT

$95,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crestwood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,718 SF

ZONING

HDR2

APN/PARCEL ID

RPR000P0042350

ASK ABOUT THIS PROPERTY

Jacob MilesMarcus & MillichapMore Info
801-736-2654

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Jacob MilesMarcus & MillichapMore Info
801-736-2654

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.