488 D Street, Idaho Falls ID 83402
Multi Family
$2,650,000
16
Bedrooms
16
Bathrooms
12,300
Sq Ft
1915
Year Built
0.4
Acres
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!
Want to see this one in person?
I’ll set up a showing and walk it with a builder’s eye.
Ask about this homeListing courtesy of Armstrong Flinders and Associates. Data courtesy of Snake River Regional MLS. Information deemed reliable but not guaranteed and should be independently verified. Equal Housing Opportunity.