For Sale
$4,677,810

857 Malta AveBurley, ID 83318

26 Units, High Occupancy, Strong NOI

Overview

Added:
Jan 24
Days on market:
73
This exceptional investment opportunity presents a portfolio of three fully leased multifamily properties in Burley, Idaho. Comprising eight duplexes and two triplexes, the portfolio boasts a total of 26 units across 26,654 square feet, situated on 1.78 acres of land. Built between 2018 and 2020, these well-maintained properties enjoy 100% occupancy and a strong history of reliable tenants. Twenty of the units include garages, adding significant value. The properties are strategically located in a rapidly growing area of Burley, offering convenient access to major roadways, retail amenities, and services, including the Burley Municipal Airport. The portfolio benefits from its proximity to the College of Southern Idaho, providing a consistent student population, and major employers such as Cassia Regional Hospital, McCain Foods, and Dot Foods, ensuring stable tenant demand. The asking price is $4,677,810, representing a price per unit of $179,916 and a price per square foot of $175.50. The portfolio generates a substantial net operating income (NOI) of $245,585, yielding a 5.25% cap rate. An additional 0.287 acres of development land is included, presenting further potential for expansion or future development. This is a rare opportunity to acquire a high-performing, well-located multifamily portfolio in a thriving Idaho community. The portfolio's strong financials, coupled with its desirable location and recent construction, make it an attractive investment for discerning buyers.

Highlights

  • $4,677,810 asking price for a 26-unit multifamily portfolio.
  • 5.25% cap rate with a $245,585 Net Operating Income (NOI).
  • 100% occupancy across eight duplexes and two triplexes.
  • 26,654 square feet on a 1.78-acre lot in Burley, Idaho.
  • $179,915.77 per unit price.
  • Built between 2018 and 2020.

Property Details for 857 Malta Ave

Property type
Apartment buildings
Square Feet
26,654 SF
Buildings
2
Lot Size (sq. ft)
77,537 SF
Units
26

Location Insight

City
Burley
County
Cassia
State
Idaho
Latitude
42.5427663
Longitude
-113.785011
857 Malta Ave, Burley, Idaho

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857 Malta Ave
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