Prime mixed-use investment opportunity in downtown Rexburg, just steps from BYU-Idaho. This 3-story building features a strong income-producing setup with a main-level commercial space (approx. 1,800 SF) leased to an established caf?/restaurant, plus 4 fully rented residential units. Proven performance with consistent occupancy and no vacancy for over 20 years. Multiple income streams from commercial and residential units, plus shared coin-operated laundry. Main floor remodeled in 2024 with updated electrical, plumbing, and modern finishes. Recent updated HVAC a few years ago. Roof reviewed and in overall good condition with minor maintenance noted. Some interior improvements in progress, including drywall updates and unit refresh. Contractor bids available upon request. Value-add opportunity with potential to increase rents. Zoned CBD allowing for a variety of commercial uses. Basement space included for storage and mechanical use. Rent roll available upon request. Price recently adjusted to encourage a sale. Do not disturb tenants or business. Showings by appointment only. Buyer to verify all information.
Property Details
Price:
$687,000
MLS #:
2180432
Status:
Active
Beds:
4
Baths:
8
Type:
Multi Family
Subdivision:
REXBURG TOWNSITE-MAD
Listed Date:
Jan 5, 2026
Finished Sq Ft:
7,200
Lot Size:
2,396 sqft / 0.06 acres (approx)
Year Built:
1903
Rexburg Townsite-madAdams 321elMadison 321jhMadison 321hs
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Schools
Elementary School:
ADAMS 321EL
Middle School:
MADISON 321JH
High School:
MADISON 321HS
Interior
Blw Grade Sq Ft
1800
Total Full Baths
6
Total Half Baths
2
Exterior
Financial
Taxes
$3,660
Map
Community
- Address36 Main Street REXBURG ID
- SubdivisionREXBURG TOWNSITE-MAD
- CityREXBURG
- CountyMadison
- Zip Code83440
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