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!
For sale
Price cut: $150K (4/28)
$2,650,000
488 D St, Idaho Falls, ID 83402
16beds
12,300sqft
Multi Family
Built in 1915
-- sqft lot
$-- Zestimate®
$215/sqft
$-- HOA
What's special
New roof
- 101 days |
- 261 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Matthew Flinders 208-521-1406,
Armstrong Flinders and Associates
Source: SRMLS,MLS#: 2185284
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 16
- Bathrooms: 16
- Full bathrooms: 16
Heating
- Mini Split, Separate Heat
Cooling
- Ductless, Mini Split
Appliances
- Included: Dishwasher, Microwave, Refrigerator, Oven, Stove, Common Water Heaters
- Laundry: Common Area, Laundry Included
Features
- Ceiling Fan(s), Newly Renovated, Storage, Separate Storage
- Basement: Finished
Interior area
- Total structure area: 12,300
- Total interior livable area: 12,300 sqft
- Finished area above ground: 12,300
- Finished area below ground: 0
Property
Parking
- Total spaces: 22
- Parking features: Off Street
- Has uncovered spaces: Yes
Features
- Exterior features: Lighting
- Frontage length: 125
Lot
- Size: 0.4 Acres
- Dimensions: 389 x 125
- Features: Level, 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
Details
- Parcel number: RPA1980011007A
- Zoning description: General Zoning: Commercial If-Cen,Specific Zoning: Idaho Falls-Cc-Central Commer
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Primary Exterior Material: Brick
- Foundation: Concrete Perimeter
- Roof: Membrane
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1915
Utilities & green energy
- Electric: Idaho Falls Power, Separate Power Meters
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Additional Storage, Sidewalks
- Security: Security System
- Subdivision: Railroad Addition-Bon
HOA
- Has HOA: No
Location
- Region: Idaho Falls
Financial & listing details
- Price per square foot: $215/sqft
- Annual tax amount: $13,560
- Date on market: 4/6/2026
- Listing terms: Cash,Conventional,1031 Exchange
- 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.
- Total actual rent: 215534
- Tenant pays: Cable TV, Electricity, Sewer, Trash Collection, Water
Estimated market value
Not available
Estimated sales range
Not available
$997/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/28/2026 | Price change | $2,650,000-5.4%$215/sqft |
Source:  SRMLS #2185284 Report a problem | ||
| 4/6/2026 | Listed for sale | $2,800,000$228/sqft |
Source: SRMLS #2185284 Report a problem | ||
| 2/21/2026 | Listing removed | $2,800,000$228/sqft |
Source: SRMLS #2179396 Report a problem | ||
| 9/5/2025 | Listed for sale | $2,800,000-6.7%$228/sqft |
Source: SRMLS #2179396 Report a problem | ||
| 6/7/2024 | Listing removed | $3,000,000$244/sqft |
Source: SRMLS #2154730 Report a problem | ||
| 1/29/2024 | Price change | $3,000,000-9.1%$244/sqft |
Source: SRMLS #2154730 Report a problem | ||
| 8/15/2023 | Price change | $3,299,000+1%$268/sqft |
Source: SRMLS #2154730 Report a problem | ||
| 7/17/2023 | Price change | $3,266,382-9.1%$266/sqft |
Source: SRMLS #2154730 Report a problem | ||
| 6/6/2023 | Listed for sale | $3,593,000$292/sqft |
Source: SRMLS #2154730 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 83402
Nearby schools
GreatSchools rating
- 4/10A H Bush Elementary SchoolGrades: PK-6Distance: 1.2 mi
- 4/10Eagle Rock Junior High SchoolGrades: 7-8Distance: 1.7 mi
- 3/10Skyline Senior High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: HAWTHORNE 91EL
- Middle: EAGLE ROCK 91JH
- High: IDAHO FALLS 91HS
Source: SRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
