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488 D Street, Idaho Falls, ID 83402

Idaho Falls
Local realty services provided by:CENTURY 21 High Desert
488 D Street,Idaho Falls, ID 83402
$2,650,000
  • 16 Beds
  • 16 Baths
  • 12,300 sq. ft.
  • Multi-family
  • Active
Listed by: matthew flinders
Office: armstrong flinders and associates
MLS#:2185284
Source:ID_SRMLS

Price summary

  • Price:$2,650,000
  • Price per sq. ft.:$215.45

About this home

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!

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Home facts

  • Year built:1915
  • Subdivision & Development:RAILROAD ADDITION-BON
  • Listing ID #:2185284
  • Added:144 day(s) ago
  • Updated:August 28, 2026 at 06:55 PM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:16
  • Full bathrooms:16
  • Basement Description:Finished
  • Living area:12,300 sq. ft.

Heating and cooling

  • Cooling:Mini Split
  • Heating:Mini Split

Structure and exterior

  • Roof:Membrane
  • Year built:1915
  • Building area:12,300 sq. ft.
  • Lot area:0.4 Acres
  • Construction Materials:Brick
  • Foundation Description:Concrete Perimeter

Schools

  • High school:IDAHO FALLS 91HS
  • Middle school:EAGLE ROCK 91JH
  • Elementary school:HAWTHORNE 91EL

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,650,000
  • Price per sq. ft.:$215.45
  • Tax amount:$13,560 (2025)

Parking

  • Parking description:Asphalt

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