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.
For sale
Price cut: $26K (12/2)
$749,000
36 E Main St, Rexburg, ID 83440
4beds
7,200sqft
Est.:
Quadruplex
Built in 1903
-- sqft lot
$-- Zestimate®
$104/sqft
$-- HOA
What's special
Historic characterModern finishesOriginal bank vaultFully rented apartmentsAdditional storageMechanical space
- 56 days |
- 746 |
- 42 |
Zillow last checked: 8 hours ago
Listing updated: December 01, 2025 at 06:01pm
Listed by:
Steven Phaysounlaphong 801-726-4736,
Silvercreek Realty Group
Source: SRMLS,MLS#: 2180432
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 8
- Full bathrooms: 6
- 1/2 bathrooms: 2
Heating
- Electric, Natural Gas, Forced Air, Separate Heat
Cooling
- Central Air, Wall/Window Unit(s)
Appliances
- Included: Separate Water Heaters
Features
- Basement: Partially Finished,Unfinished,Walk-Out Access
Interior area
- Total structure area: 7,200
- Total interior livable area: 7,200 sqft
- Finished area above ground: 3,600
- Finished area below ground: 1,800
Property
Accessibility
- Accessibility features: Accessible Entrance
Lot
- Size: 2,613.6 Square Feet
- Features: Corner Lot, Near Park, Near Schools, Near University/College, Concrete Curbing
Details
- Parcel number: RPRRXB10380140
- Zoning description: General Zoning: Mc Rexburg City Li,Specific Zoning: Madison-Commercial
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Brick, Primary Exterior Material: Brick, Primary Exterior Material: Stucco, Primary Exterior Material: Wood Siding
- Foundation: Concrete Perimeter, Stone
- Roof: Membrane
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1903
Utilities & green energy
- Electric: Rocky Mountain Power, Separate Power Meters
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Rexburg Townsite-Mad
HOA
- Has HOA: No
Location
- Region: Rexburg
Financial & listing details
- Price per square foot: $104/sqft
- Annual tax amount: $3,660
- Date on market: 10/28/2025
- Listing terms: Cash,Conventional,1031 Exchange,FHA,VA Loan
- 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.
- Tenant pays: Cable TV, Gas, Insurance, Electricity, Water
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/2/2025 | Price change | $749,000-3.4%$104/sqft |
Source:  SRMLS #2180432 Report a problem | ||
| 10/28/2025 | Listed for sale | $775,000$108/sqft |
Source: SRMLS #2180432 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$4,158/mo
Principal & interest
$3584
Property taxes
$312
Home insurance
$262
Climate risks
Neighborhood: 83440
Nearby schools
GreatSchools rating
- 8/10Adams Elementary SchoolGrades: K-4Distance: 0.3 mi
- NAMadison Junior High SchoolGrades: 7-9Distance: 0.7 mi
- 10/10Madison Senior High SchoolGrades: 10-12Distance: 2.5 mi
Schools provided by the listing agent
- Elementary: ADAMS 321EL
- Middle: MADISON 321JH
- High: MADISON 321HS
Source: SRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- Loading
- Loading
