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243 N 4TH ST, Montpelier, ID — photo 11 / 88

$3,900,000

243 N 4TH ST, Montpelier, ID 83254

Subtype

Hotel/Motel

Building SF

$/SF

Lot

2.33 ac

Property Details

Property typeCommercial Sale
SubtypeHotel/Motel
Building SF
Year built1980
Lot size2.33 acres
ZoningCommercial, Short Term Rental Allowed · Comm
Current useCommercial
Taxes (annual)$18,632
Days on market196
Listed2026-02-18T00:00:00+00:00

Description

PRICE IMPROVED!! Discover a rare investment opportunity with the Clover Creek Inn, a premier hospitality property in the heart of Montpelier. Featuring spacious guest suites, on site bar, oversized vehicle and truck parking, and inviting common areas. The inn is a favorite for weddings, retreats, corporate employees, and travelers exploring nearby Bear Lake, Southeast Idaho recreation, and en route to Jackson Hole Wyoming. With a strong track record of occupancy and income, this turrn-key property offers good cash flow and room for growth in a popular tourism market.

Listed by Angi Bair · Aspire Real Estate Services LLC

Location

243 N 4TH ST, Montpelier, ID 83254

Cap Rate Calculator

Underwrite this property at a glance. Adjust NOI, vacancy, and OpEx to model your own assumptions.

Cap Rate

5.25%

$/SF

GRM

11.8

Purchase price
$
Gross scheduled income
$/yr
Vacancy5%
Operating expense ratio35% ($110,224)
Effective gross income$314,925/yr
Operating expenses$110,224/yr
Derived NOI$204,701/yr

Cap rate estimates are based on assumptions, not guaranteed, and should not be relied upon. Buyers must verify all information — including NOI, OpEx, lease terms, and rent rolls — directly with the seller or listing agent.

DISCLAIMER: The information provided on this website, including property details, pricing, projections, and availability, is for informational purposes only and may change without notice. While Canovo Group, LLC strives to maintain accurate and up-to-date information, we do not guarantee its completeness or accuracy. Users should independently verify all information and property details, including availability and any leasing conditions, with the listing agent or property owner before making any decisions. Canovo Group, LLC is not responsible for any errors, omissions, or third-party content and makes no representations or warranties regarding the properties listed. Neither Canovo Group, LLC nor its affiliates are acting as your real estate agent or broker, nor do we represent or endorse any properties or parties unless expressly stated in a separate written agreement. This website is not an offer or solicitation to buy, sell, or lease any property. All transactions are the sole responsibility of the parties involved.

© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 9/2/2026, 7:13:15 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.