Aerial view of the fourplex, storage building and garage at 343 S 4th W, Rexburg, Idaho
For Sale · Fourplex · Rexburg, Idaho

A leased fourplex with twelve storage units and a two car garage.

Two 2 bedroom and two 1 bedroom units, all leased today, on 0.29 acre on S 4th W. The storage building and the garage behind the fourplex are not rented today.

$650,000
Price
4
Units
$3,940
Monthly rent
12
Storage units
0.29
Acre lot
The Fourplex

Two units up, two units down.

The brick building on S 4th W is laid out two over two, with two 2 bedroom, 1 bath units and two 1 bedroom, 1 bath units. All four are leased today, and the sale is subject to those leases.

  • Two 2 bedroom, 1 bath units
  • Two 1 bedroom, 1 bath units
  • Brick exterior and composition roof
  • Window air conditioning units
Front of the brick fourplex at 343 S 4th W
Storage building with twelve units Detached two car garage and shop Side entry and patio with the storage building behind Off street parking along the fourplex
Behind the Building

Twelve storage units and a two car garage.

A separate storage building holds 12 units, and a detached two car garage and shop stands beside it. Neither is rented today. A new owner can lease them out or keep the space for maintenance and equipment.

  • 12 storage units in a separate building
  • Detached two car garage and shop
  • Off street parking on the lot
  • 0.29 acre, zoned High Density Residential 1
The Rents

What the units rent for today.

The four leased units bring in $3,940 a month in scheduled rent, or $47,280 a year. The seller's pro forma is available to buyers on request.

2 bedroom, 1 bath

Two units, each leased at $1,075 a month.

1 bedroom, 1 bath

Two units, each leased at $895 a month.

The Details

Everything on one page.

Price
$650,000
Property type
Fourplex
Units
4
Unit mix
Two 2 bed, two 1 bed
Baths
1 per unit
Monthly rent
$3,940 in place
Square feet
2,878 approx.
Layout
Two up, two down
Storage
12 units, separate building
Garage
Two car, detached
Lot
0.29 acre
Zoning
High Density Residential 1
Exterior
Brick
Roof
Composition
Cooling
Window units
Water and sewer
Public
Elementary
Kennedy
Junior high
Madison
High school
Madison
Taxes
$3,955 (2025, seller figure)
Parcel
RPRKL00001003A
Possession
At closing, subject to leases

Included with the property: appliances and fixtures currently in place and owned by the seller. All four units are leased and the sale is subject to existing leases. Information deemed reliable but not guaranteed. Buyer to verify unit count, square footage, year built, rents, taxes and zoning.

Location

A few blocks south of Main Street.

The fourplex sits on S 4th W between W 3rd S and W 4th S, next door to the Sugar Apartments. BYU-Idaho and Porter Park are close by, and Main Street is a few blocks north.

  • About half a mile south of Main Street
  • Close to BYU-Idaho and Porter Park
  • Kennedy Elementary, Madison Junior High, Madison High School (verify boundaries with the district)
  • Public water and sewer, Rocky Mountain Power

Showings with a day's notice.

All four units are occupied, so every showing is set at least 24 hours ahead to give the tenants notice. Pick a time and the request comes straight to us.

Rick Robinson · (208) 360-4688  ·  Grant Smith · (208) 499-4016
SR@Two70.com · Smith Robinson Real Estate Two70