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For sale
  • $9,800,000

    788 S Broadway St, Blackfoot, ID 83221

    99beds
    38,800sqft
    : 
    Multi Family
    Built in 2023
    -- sqft lot
    $-- Zestimate®
    $253/sqft
    $-- HOA

    What's special

    Updated apartmentsCentral green spaceNewly installed manufactured homes
    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.
    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#: 2175758MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 788 S Broadway St.

    Next available tour time:Tomorrow at 9am

    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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