36 E Main Street, Rexburg, ID 83440
36 E Main Street, Rexburg, ID 83440
36 E Main Street, Rexburg, ID 83440
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Denise Abmont

Denise Abmont

Abmont Realty Group

+1(208) 789-4320
$687,000
Est. payment /mo
4 Beds
8 Baths
7,200 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Square Footage 7,200 sqft

Price per Sqft $95

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

Acres 0.06

Property Sub-Type Quadruplex

Property Description

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.

Location

State ID

County Madison

Area 7200

Zoning General Zoning: Mc Rexburg City Li,Specific Zoning: Madison-Commercial

Rooms

Basement Partially Finished, Unfinished, Walk-Out Access

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.

Appliance Separate Water Heaters

Exterior

View Y/N No

Roof Type Membrane

Garage No

Private Pool No

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

Senior Community false

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

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Listed by Silvercreek Realty Group

NEARBY SCHOOL & BUSINESS

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+1(208) 789-4320

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