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488 D Street, 
Idaho Falls, ID 83402

$2,650,000


16

Beds


16

Baths


12,300

Sq Ft


Multi-Family

Active

Listed by

Matthew Flinders

Armstrong Flinders And Associates

801-375-1075

Last updated:

May 1, 2026, 02:52 PM

MLS#

2185284

Source:

ID SRMLS

About This Home

488 D Street

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!

Home Facts

Multi-Family

16 Baths

16 Bedrooms

Built in 1915

Price Summary

2,650,000

$215 per Sq. Ft.

MLS #:

2185284

Last Updated:

May 1, 2026, 02:52 PM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

16

Bathrooms

Total Bathrooms:

16

Full Bathrooms:

16

Interior

Living Area:

12,300 Sq. Ft.


Structure

Structure

Building Area:

12,300 Sq. Ft.

Year Built:

1915


Lot

Lot Size (Sq. Ft):

17,424


Finances & Disclosures

Finances

Price:

$2,650,000

Price per Sq. Ft:

$215 per Sq. Ft.

Source:ID SRMLS
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.