Homes for sale · Idaho Falls
488 D Street
Idaho Falls, ID 83402
$2,650,000
Was $2,800,000
1 / 22Price improved
$2,650,000
Reduced $150,000 from $2,800,000
Listed from $2,800,000
- Beds
- 16
- Baths
- 16
- Sqft
- 12,300
- On market
- 176 days
- Year
- 1915
- Lot
- 0.40 ac
- Type
- Residential Income
Listed by Matthew Flinders · Armstrong Flinders and Associates
Schools
- Elementary
- Hawthorne 91EL
- Middle
- Eagle Rock 91JH
- High
- Idaho Falls 91HS
Assigned schools from the MLS listing. Confirm boundaries with the district before you write.
About this home
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-co
Estimated payment
$15,959/mo
20% down · 6.75% · 30 yr · taxes & insurance included
- Principal & interest
- $13,750
- Est. property tax
- $1,590
- Est. insurance
- $618
Local estimate, not a lender quote. Idaho Falls / Rexburg tax millage varies by parcel — we’ll run exact numbers on tour.
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