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788 S Broadway Street, Blackfoot, ID 83221

$9,800,000

$253 per ft²

99 Bed

82 Bath

38,800 Sq Ft

4.28 Acres

Listing Office: Keller Williams Realty East Idaho

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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.

Listing Agent:

License Number:

Offered by: Keller Williams Realty East Idaho

Office Phone: 208-529-8888

MLS: #2177736

Snake River Regional MLS

Date Added: 06/25/2025 09:24:49 pm

Last Update: 06/25/2025 09:33:45 pm

Days on Market: 7

Interior

Appliances: Separate Water Heaters
Laundry: Coin Operated Laundry
Basement: None
A/C: true, Central Air
Heating: Electric, Natural Gas, Separate Heat

Exterior

Parking: Parking spaces: 0

Construction

Roofing: Architectural, Metal
General: Block, Brick, Hardboard/Composition, Vinyl, Slab

Location

Golf: Additional Storage
Originating MLS: Snake River
County: Bingham

Lot

Zoning: Exhibit A

Utilities

Utilities: Idaho Power
Water: Public
Sewer: Public Sewer

Financial

Source: Snake River
Exclusions: Seller Personal Property

Property

Year Built: 2023
Type: Multi-Family

Schools

Elementary: Riverbend Elementary
Middle: Mountain View Middle Scool
High: Blackfoot 55HS

06/25/2025Active

06/25/2025$9,800,000@ 253 per ft²Listed

Listing Broker

Melissa Ward

1 @

Email: melissa@archibaldbagley.com

Location: AL

MLS: #2177736

Source: Snake River Regional MLS

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788 S Broadway Street, Blackfoot, ID 83221 is a 99 Bed, 82 Bath, 38,800 Sq Ft, 4.28 Acres, Multi-Family built in 2023.

This property is currently available and was listed by Snake River Regional MLS on 06/25/2025 09:24:49 pm. The MLS # for the property is MLS #2177736.