Henry's Fork Building |
Offered as Part of a 3-Building Multi Family Portfolio | $14,400,000
Pitts West Investments is pleased to present the Henry's Fork Building, a 12-unit apartment building located in the heart of Driggs, Idaho. This asset is one of three identical buildings being offered at $14,400,000, representing a rare opportunity to acquire high-performing, modern multifamily product in a supply-constrained mountain town market.
Property Overview:
Unit Mix (12 total units):
 • 3 × 1BD / 1BA (831 SF)
 • 6 × 2BD / 2BA (1,056 SF)
 • 3 × 3BD / 3BA (1,281 SF)
Total Net Rentable SF per Building: ~12,492 SF Additional Features:
" 6 private storage closets per building (additional revenue potential)
" 2 surface parking stalls per unit
" High historical occupancy
" Strong rental demand in a growing Teton Valley submarket
Investment Highlights:
Below Replacement Cost: Acquire new, high-quality construction at a price well below today's development costs.
Value-Add Opportunities: Enhance revenue through short-term rental conversion, master leasing strategies, or monetizing additional storage.
Prime Location: Steps from Downtown Driggs, Broulim's grocery store, public transit routes, and Teton County's pathway system.
Turnkey Portfolio: All three buildings share identical layouts and finishes, streamlining management and maximizing operational efficiency.
Tight Rental Market: Driggs continues to experience strong demand and limited new supply, supporting future rent growth and appreciation.
This offering provides a compelling opportunity for investors seeking yield, scale, and long-term growth in a high-barrier-to-entry market at the base of the Tetons.
For sale
$4,800,000
655 Centennial Mountain St, Driggs, ID 83422
--beds
0baths
14,448sqft
Est.:
Multi Family
Built in 2022
-- sqft lot
$4,543,900 Zestimate®
$332/sqft
$130/mo HOA
What's special
Surface parking stallsPrivate storage closets
- 57 days
- on Zillow |
- 28 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: May 28, 2025 at 07:43pm
Listed by:
John Robert Pitts 901-283-8856,
Keller Williams Jackson Hole
Source: TBOR,MLS#: 25-1176

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Cove Heaters
Cooling
- None
Features
- Basement: None
Interior area
- Total structure area: 14,448
- Total interior livable area: 14,448 sqft
Property
Parking
- Total spaces: 10
- Parking features: Garage
- Garage spaces: 10
Features
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 0.6 Acres
- Features: Level
Details
- Parcel number: RPA022600A0030
- Zoning description: Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding, Fiber Cement
- Roof: Shingle
Condition
- Year built: 2022
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Creekside Meadows
HOA
- Has HOA: Yes
- HOA fee: $1,560 annually
Location
- Region: Driggs
Financial & listing details
- Price per square foot: $332/sqft
- Annual tax amount: $10,452
- Date on market: 5/29/2025
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