355.5 W 2 S Rexburg, ID
$ 384,900
Property Attributes
  • MLS#2128003
  • TypeMulti-Family
  • CountyMADISON
  • CityRexburg
  • AreaMadison
  • NeighborhoodSouthend Addition-Mad
  • Zip83440
  • StyleTriplex
  • Year Built1980
  • Taxes2681
  • Price$ 384,900
  • Bedrooms9
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3300
  • Lot Size12,023 SqFt
Listing Provided Courtesy Of:
Silvercreek Realty Group
Property Description

PRICE REDUCTION!!!! At this new list price and with recent adjustments to monthly rents, this property has a CAP RATE OF 7.4%, which is excellent by Rexburg standards! Great investment property in the heart of Rexburg. Just blocks from the University, Porter Park and Main Street. Triplex has a solid rental history with low vacancy, but is not BYUI approved single student housing. Lots of potential, the main floor is a three bedroom/two bath unit, basement has four bedrooms and one bath, and converted garage is a cozy two bedroom/one bath unit. Units are rented with each tenant occupying a private room. Laundry is available to upper and lower units. Street access is from 2nd S, garage unit has access from 4th W, both are established easements. Roof was replaced in 2014.

Elementary School Middle School High School
Kennedy 321El Elementary School Madison 321Jh Middle School Madison 321Hs High School
Price History
3/21/2020 Listed $398,000
9/10/2020 4% - $384,900

General Features

Amenities Off Street Parking
Construction/status Brick
Cooling None
Elementary School KENNEDY 321EL
Exclusions Tenants' personal property, all furnishings.
Heating Gas, Forced Air
High School MADISON 321HS
Ho Exempt Not Exempt
Legal Description See Exhibit A
Listing Area Madison
Listing Type Triplex
Location Near Park, Near University/College
Middle School MADISON 321JH
Roof Metal
Sewer Public Sewer
Status Active
Status Active
Style/design All Units in One Building
Tax Year 2020
Taxes 2681.00
Tenant Pays Other
Terms Cash, Conventional, 1031 Exchange
Total Sq Ft 3300
Utilities Common Water Heaters, Common Power Meters
Water Public
Year Built 1980

Interior Features

Basement Full
Total Full Baths 4
Total Number of Units 3

Exterior Features

Listing Office Name Silvercreek Realty Group
Appx Acreage 0.276
Driveway Type Asphalt
Exterior-primary Brick
Flood Plan U
Foundation Concrete Perimeter
Inclusions Refrigerators (3), Stoves (3), Dishwasher (1), Wood stoves (2).
Lot Dimensions 11991
Number of Off Street Parking 14
Topography/setting Flat


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 83440

AVG $550K
AVG $4,706
AVG 62
Year Built
AVG 1973
AVG 63
Data Provided by Walkscore ® not using MLS data

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