488 D Street IDAHO FALLS ID 83402 MLS #2185284

488 D Street
IDAHO FALLS, ID, 83402
$2,800,000
16 Beds
16 Baths
12,300 SqFt
0.4 Acres
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MLS #2185284 image #0
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 &#38' 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

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488 D Street
IDAHO FALLS, ID