Slate Mountain Mobile Home Park is a fully stabilized, multi-income investment in one of Southeast Idaho's strongest growth corridors. Located at 788 S Broadway in Blackfoot, this turnkey asset includes 38 newly installed manufactured homes (2023 models), 40 self-storage units, 3 updated apartments, a leased laundromat, and a commercial building with two long-term tenants, including the Humane Society. All units are professionally managed via AppFolio with modern infrastructure, including paved roads, fiber internet, city utilities, and separate metering. The layout is community-focused, with dedicated parking, central green space, and thoughtful design that enhances tenant satisfaction and reduces wear. With a projected NOI of $582,249 by 2027 and rents steadily increasing, this property delivers a 6% stabilized cap rate at the $9.8M list price. A professionally engineered cost segregation study unlocks $3.4M in first-year accelerated depreciation—estimated at $1.2M in tax deductions—making this a tax-advantaged, cash-flowing opportunity ideal for 1031 buyers, private investors, or real estate funds seeking scalable, recession-resilient income in an emerging Idaho submarket.
For sale
$9,800,000
788 S Broadway St, Blackfoot, ID 83221
99beds
38,800sqft
Est.:
Multi Family
Built in 2023
-- sqft lot
$-- Zestimate®
$253/sqft
$-- HOA
What's special
Updated apartmentsCentral green spaceNewly installed manufactured homes
- 9 days
- on Zillow |
- 388 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: April 17, 2025 at 03:35pm
Listed by:
Anderson Hicks Group 208-227-5320,
Keller Williams Realty East Idaho,
Kris Bertagnolli 208-520-8636,
Keller Williams Realty East Idaho
Source: SRMLS,MLS#: 2175758

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 99
- Bathrooms: 82
- Full bathrooms: 82
Heating
- Electric, Natural Gas, Separate Heat
Cooling
- Central Air
Appliances
- Included: Separate Water Heaters
- Laundry: Coin Operated Laundry
Features
- Basement: None
Interior area
- Total structure area: 38,800
- Total interior livable area: 38,800 sqft
- Finished area above ground: 38,800
- Finished area below ground: 0
Video & virtual tour
Property
Accessibility
- Accessibility features: Accessible Entrance
Features
- Entry location: All Units on Same Level
Lot
- Size: 4.28 Acres
Details
- Parcel number: RP1069601
- Zoning description: General Zoning: Not Verified,Specific Zoning: Blackfoot-C3-Service Commercia
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Primary Exterior Material: Block, Primary Exterior Material: Brick, Primary Exterior Material: Hardboard/Composition, Primary Exterior Material: Vinyl
- Foundation: Slab
- Roof: Architectural
Condition
- Existing
- New construction: No
- Year built: 2023
Utilities & green energy
- Electric: Idaho Power, Separate Power Meters
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Additional Storage
- Subdivision: Broadway-Bing
HOA
- Has HOA: No
Location
- Region: Blackfoot
Financial & listing details
- Price per square foot: $253/sqft
- Tax assessed value: $281,380
- Annual tax amount: $15,000
- Date on market: 4/17/2025
- Listing terms: Cash,Conventional,1031 Exchange
- Inclusions: All Units Have Fridges And Stoves, 38 Manufactured Units Also Have Dishwashers.
- Exclusions: Seller Personal Property
- Tenant pays: Cable TV, Gas, Electricity, Sewer, Water
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