488 D Street, Idaho Falls, ID 83402

Local realty services provided by:Better Homes and Gardens Real Estate 43° North
488 D Street,Idaho Falls, ID 83402
$2,800,000
  • 16 Beds
  • 16 Baths
  • 12,300 sq. ft.
  • Multi-family
  • Active
Listed by: matthew flinders
Office: armstrong flinders and associates
MLS#:2179396
Source:ID_SRMLS

Price summary

  • Price:$2,800,000
  • Price per sq. ft.:$227.64

About this home

Chicane is a fully rebuilt 16-unit apartment community 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—eliminating the usual deferred maintenance and capital risk that plagues older downtown assets. The location is the hook. Walkable, central, and surrounded by downtown energy that tenants actually want: restaurants, offices, retail, and nightlife. This is not fringe “downtown-adjacent.” It's right where demand holds up through cycles. From an operational standpoint, Chicane is clean and straightforward. Modern systems mean lower maintenance, 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

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Home facts

  • Year built:1915
  • Listing ID #:2179396
  • Added:160 day(s) ago
  • Updated:February 13, 2026 at 03:47 PM

Rooms and interior

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

Heating and cooling

  • Cooling:Heat Pump, Mini Split
  • Heating:Mini Split

Structure and exterior

  • Roof:Membrane
  • Year built:1915
  • Building area:12,300 sq. ft.
  • Lot area:0.4 Acres

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:$2,800,000
  • Price per sq. ft.:$227.64
  • Tax amount:$13,560 (2024)

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