488 D St, Idaho Falls, ID 83402
- $2,650,000
- 16
- BD
- 16
- BA
- 12,300
- SqFt
- List Price
- $2,650,000
- Status
- ACTIVE
- Price Change
- ▼ $150,000 1777406897
- MLS#
- 2185284
- Subtype
- Residential Income
- Year Built
- 1915
- Bedrooms
- 16
- Bathrooms
- 16
- Full Baths
- 16
- Living Area
- 12,300
- Lot Size
- 17,424
- Price Per Sqft
- $215
- Acres
- 0.40
- Subdivision
- Railroad Addition-Bon
Property Description
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!
/u.realgeeks.media/two701/Two70_Signs.png)
Additional Information
- Interior Features
- Ceiling Fans, Renovated, Storage, Storage
- Exterior Features
- Lighting
- Taxes
- $13,560
- Appliances
- Dishwasher, Microwave, Refrigerator, Oven, Stove
- Heating
- Mini Split
- Air Conditioning
- Ductless, Mini Split
- Roof
- Membrane
- Foundation
- Concrete Perimeter
- Parking Features
- Off Street
- Garage
- Off Street
- Elementary School
- Hawthorne 91EL
- Middle School
- Eagle Rock 91JH
- High School
- Idaho Falls 91HS
Mortgage Calculator
Listing courtesy of Armstrong Flinders and Associates.