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Rexburg,ID 83440
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $107
Subdivision Rexburg Townsite-Mad
MLS Listing ID 2180432
Bedrooms 4
Full Baths 6
Half Baths 2
Year Built 1903
Annual Tax Amount $3,660
Tax Year 2024
Lot Size 2,613 Sqft
Property Sub-Type Quadruplex
Property Description
Prime mixed-use investment property located in the heart of historic downtown Rexburg. just steps from BYU-Idaho. Originally built as the Rexburg State Bank, this beautifully preserved brick building retains its historic character, including the original bank vault still located on-site. Zoned CBD (Central Business District), allowing for retail, restaurant, or mixed commercial use. The main floor was fully remodeled in winter 2024, featuring modern finishes, updated electrical, and plumbing while maintaining the building's classic early-1900s appeal. Currently leased to an established local cafe/restaurant. The upper level includes four fully rented apartments, each approximately 400-600 sq ft, remodeled in 2010 and featuring a shared coin-operated washer/dryer that generates additional income. Basement (approx. 1,800 sq ft) offers additional storage and mechanical space. The property has enjoyed strong, consistent occupancy for over 20 years, demonstrating the continued rental demand in this high-traffic downtown location. Recent improvements include HVAC upgrades and system updates. Excellent opportunity for investors PLEASE DO NOT DISTURB BUSINESS & TENANT. Buyer to verify all information with the city & county offices.
Location
State ID
County Madison
Area 7200
Zoning General Zoning: Mc Rexburg City Li,Specific Zoning: Madison-Commercial
Interior
Heating Electric,Natural Gas,Forced Air,Separate Heat
Cooling Central Air,Wall/Window Unit(s)
Inclusions Building And All Permanently Attached Fixtures, Including Four Fully Rented Residential Apartments On The Upper Level And One Main-Floor Commercial Unit. Coin-Operated Washer And Dryer Included, Generating Additional Income. Existing Leases To Convey At Closing. Tenant Fixtures/Items Not Included.
Exterior
View Y/N No
Roof Type Membrane
Building
Lot Description Near Park,Near Schools,Near University/College,Concrete Curbing,Corner Lot
Foundation Concrete Perimeter,Stone
Sewer Public Sewer
Water Public
Schools
Elementary Schools Adams 321El
Middle Schools Madison 321Jh
High Schools Madison 321Hs
Others
Acceptable Financing Cash,Conventional,1031 Exchange,FHA,VA Loan
Listing Terms Cash,Conventional,1031 Exchange,FHA,VA Loan
Special Listing Condition Standard