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!
Property Details
Price:
$2,800,000
MLS #:
2185284
Status:
Active
Beds:
16
Baths:
16
Type:
Multi Family
Subdivision:
RAILROAD ADDITION-BON
Listed Date:
Apr 6, 2026
Finished Sq Ft:
12,300
Lot Size:
17,424 sqft / 0.40 acres (approx)
Year Built:
1915
Railroad Addition-bonHawthorne 91elEagle Rock 91jhIdaho Falls 91hs
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Schools
Elementary School:
HAWTHORNE 91EL
Middle School:
EAGLE ROCK 91JH
High School:
IDAHO FALLS 91HS
Interior
Total Full Baths
16
Exterior
Frontage
125
Financial
Taxes
$13,560
Map
Community
- Address488 D Street IDAHO FALLS ID
- SubdivisionRAILROAD ADDITION-BON
- CityIDAHO FALLS
- CountyBonneville
- Zip Code83402
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