Exclusive Multifamily Offering
The Strawberry
Thirty-eight apartments across three buildings on a full acre in the heart of Rexburg, half a mile from BYU-Idaho.
Thirty-eight apartments across three buildings on a full acre in the heart of Rexburg, half a mile from BYU-Idaho.
A renovated, income-producing community in a college town that never stops growing.
Smith Robinson Real Estate Two70 is pleased to present The Strawberry, a 38-unit apartment community on just over an acre in central Rexburg, Idaho. Three three-story buildings share a large off-street parking lot, open lawns, and mature evergreens in the Klingler Addition, a residential pocket half a mile west of the BYU-Idaho campus.
The community has been renovated unit by unit over the past two years: new plank flooring, new paint, white cabinetry, stainless appliances, and stacked washers and dryers inside the units. Apartments lease as whole units or furnished by the bedroom, which lets ownership move between conventional and per-bed income as the market dictates.
The Strawberry operates as community housing. In a rental market where much of the inventory is reserved for approved single-student housing, conventional apartments within walking distance of campus are scarce. The property draws from both sides of that line: families, couples, working residents, and married students.
One to three bedrooms, kept simple on purpose.
Floor plans run one, two, and three bedrooms, most between 700 and 850 square feet. The renovation standard is durable and easy to maintain: plank floors, flat white walls, white cabinetry, stainless steel, and laundry in the unit. The apartments photograph clean and they turn fast.
Furnished, by-the-bedroom leasing is in place today, and whole-unit conventional leases are equally supported. The current rent roll, unit mix, and operating history are provided with the offering materials.
Rexburg is a university town in the strictest sense.
BYU-Idaho enrolled 24,450 campus students in fall 2025, another record year, in a city of roughly 40,000. About 22,000 of those students live in Rexburg during the school year, and the university’s three-track calendar keeps the town occupied through spring and summer rather than emptying it.
The city has been one of the fastest growing in Idaho since 2010 and is among the youngest cities in the country, with a median age near 23. Madison County passed 55,000 residents in 2025. Housing demand here renews on a schedule: every semester start brings a new wave of arrivals, and the supply of conventional, non-student housing has not kept pace with the town growing up around the university.
A full acre, five minutes from everything that matters here.
457 South 4th West sits on the west side of central Rexburg, a residential pocket of apartments, parks, and single-family streets. Campus, Porter Park, and Main Street are all within a short walk, and US 20 is a five minute drive.
Offered without an asking price. Offers reviewed as received.
Financial materials, including the rent roll, unit mix, and operating history, are available to qualified buyers on execution of a confidentiality agreement.
Contact the listing team below.
Execute a short confidentiality agreement.
Receive the rent roll, financials, and due-diligence file.
Tours are arranged privately through the brokerage.
Please direct all inquiries to the listing brokerage. Do not contact on-site staff or disturb residents.
Offered exclusively by Smith Robinson Real Estate Two70.