488 D Street

Idaho Falls, ID 83402

About this property

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 correctlynew 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 corewithout taking on construction risk. Call for offering packet, 3-D tour & Dropbox links!

About this property

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 correctlynew 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 corewithout taking on construction risk. Call for offering packet, 3-D tour & Dropbox links!

Features and Additional Information

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$2,650,000 Active
12,300 sqft

Presented By Coldwell Banker Distinctive Properties Bozeman

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Get in touch today! Phone: 1-406-587-7653
Brokerage
Armstrong Flinders and Associates
1-801-375-1075
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Area Information

| Bonneville County | Railroad Addition Bon

$ 2,650,000
This listing is play_arrow 20.5% higher than the average in the area
$ 2,200,000 in the area
12,300 SqFt
This listing is play_arrow 13.4% larger than the average in the area
10,850 SqFt in the area
$ 215 $/SqFt
This listing is play_arrow 7.3% more than the average in the area
$ 201 $/SqFt in the area
146 days on site
This listing is play_arrow 34.4% below the average in the area
223 days on site in the area

Schools in the Area

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    Elementary School
    Hawthorne 91EL
  • turned_in
    Middle School
    Eagle Rock 91JH
  • turned_in
    High School
    Idaho Falls 91HS
Listed By Matthew Flinders
Brokerage: Armstrong Flinders and Associates

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Coldwell Banker Distinctive Properties Bozeman

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