488 D Street, Idaho Falls, ID 83402
488 D Street, Idaho Falls, ID 83402
488 D Street, Idaho Falls, ID 83402
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Denise Abmont

Denise Abmont

Abmont Realty Group

+1(208) 789-4320
$2,650,000
Est. payment /mo
16 Beds
16 Baths
12,300 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,300 sqft

Price per Sqft $215

Subdivision Railroad Addition-Bon

MLS Listing ID 2185284

Bedrooms 16

Full Baths 16

Year Built 1915

Annual Tax Amount $13,560

Tax Year 2025

Lot Size 0.400 Acres

Acres 0.4

Property Sub-Type Multi Family

Property Description

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!

Location

State ID

County Bonneville

Area 12300

Zoning General Zoning: Commercial If-Cen,Specific Zoning: Idaho Falls-Cc-Central Commer

Rooms

Basement Finished

Interior

Interior Features Ceiling Fan(s), Newly Renovated, Storage, Separate Storage

Heating Mini Split, Separate Heat

Cooling Ductless, Mini Split

Inclusions 2 Washers 2 Dryers. 4 Fully Furnished Studio - Leather Sofa With Double Recliners, 65 In Flat Panel Hd Tv, Dining Room Table And Chairs, Bed And Luxury Mattress, All Appliances. 6 Storage Units.

Appliance Common Water Heaters, Dishwasher, Microwave, Refrigerator, Oven, Stove

Laundry Common Area, Laundry Included

Exterior

Exterior Feature Lighting

Parking Features Off Street

Garage Spaces 22.0

Garage Description Off Street

Community Features Additional Storage, Sidewalks

View Y/N No

Roof Type Membrane

Garage No

Private Pool No

Building

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

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Schools

Elementary Schools Hawthorne 91El

Middle Schools Eagle Rock 91Jh

High Schools Idaho Falls 91Hs

Others

Senior Community false

Security Features Security System

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Armstrong Flinders and Associates

NEARBY SCHOOL & BUSINESS

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CONTACT US

+1(208) 789-4320

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