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16 Beds
16 Baths
12,300 sqft

$2,650,000

488 D Street, Idaho Falls ID, 83402

Price per sqft$215.45
Built in1915
Property size12,300 sqft
Property typeMulti-family

Overview

Active

Listed Apr 6, 2026

Updated 13 days ago

Chicane is a fully rebuilt 16-unit apartment building in downtown Idaho Falls. One block to the Snake River and Riverwalk Park. The seller took the property down to the shell and rebuilt it correctly—new roof, electrical, plumbing, systems, and finishes. The location is tops! Walkable, central, and surrounded by downtown energy that tenants actually want: restaurants, offices, retail, and nightlife. From an operational standpoint, Chicane is clean and straightforward. Modern systems mean lower maintenance, more predictable expenses, and fewer surprises. The 2025 numbers support a solid in-place return with upside through professional management, modest rent optimization, and continued downtown revitalization. This is a rare chance to own a rebuilt, mid-sized apartment asset in a supply-constrained downtown core—without taking on construction risk. Call for offering packet, 3-D tour & Dropbox links!

$17,631/mo

Est. mortgage payment based on a $2,650,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2185284

Interior Features

Bedrooms
16
Bathrooms
16
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.4 Acres

Other Property Details

Taxes
$13,560
Tax Frequency
Annually
MLS provider logo

Courtesy of Armstrong Flinders and Associates, Matthew Flinders,
Listing Contact: 801-636-3709 

Based on information from Snake River Regional Multiple Listing Service as of 9/29/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated on 9/29/2026 at 3:20 AM UTC

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