$ 2,650,000
-
$2,650,000
Price -
16
Bed -
16
Bath -
12,300
SqFt -
0.4
Acre
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About the Listing 206 - 206_2
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!
Listing Highlights for 488 D St
Interior Details
- Bedrooms: 16
- Bathrooms: 16 Full
- Appliances: Common Water Heaters, Dishwasher, Microwave, Refrigerator, Oven, Stove
- Air Cond: Ductless,Mini Split
- Heating: Mini Split,Separate Heat
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 12300
- Basement: Finished
- Other: Ceiling Fan(s),Newly Renovated,Storage,Separate Storage
- Water: Public
Exterior Details
- Lot Description: Interstate Exit/Access,Near Mall/Shop,Near Park,Near Public Transit,Near Stream/River,Near University/College,Established Lawn,Flower Beds,Sprinkler-Auto,Sprinkler System-Full,Level
- Garage Capacity: N/A
- Parking Spaces: 22
- Lot Dimensions: 389 x 125
- Zoning: General Zoning: Commercial If-Cen,Specific Zoning: Idaho Falls-Cc-Central Commer
- Roof: Membrane
- Others: Lighting
- Sewer: Public Sewer
- Parking Features: Off Street
Financial Details
- Tax Amount: $13,560
- Taxes w/Assessments: N/A
- Tax/Property ID: RPA1980011007A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
488 D St Idaho Falls, ID 83402
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