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Chicane is a fully rebuilt 16-unit apartment community in $2,800,000

488 D Street, Idaho Falls, 83402

16 br, 16.0 ba, 1915 12300 sf
Bonneville County
Ad #: 6592821

Home For Sale

Chicane is a fully rebuilt 16-unit apartment community 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-eliminating the usual deferred maintenance and capital risk that plagues older downtown assets. The location is the hook. Walkable, central, and surrounded by downtown energy that tenants actually want: restaurants, offices, retail, and nightlife. This is not fringe *downtown-adjacent.* It's right where demand holds up through cycles. From an operational standpoint, Chicane is clean and straightforward. Modern systems mean lower maintenance, 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

Property Details

  • Beds: 16
  • Baths: 16.0
  • Sq Feet: 12300
  • Year Built: 1915
  • Location: (private lake, pond, creek)
  • Acres: 0.400
  • Waterfront: Yes
  • County: Bonneville County
  • Community: Railroad Addition-Bon
  • Heat/AC: Ductless (Heating)
  • Garage: Off Street
  • Siding: Brick, Brick
  • Roof: Membrane
  • Property Taxes: $13,560
  • MLS #: 2179396

Location

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Contact Information:

Contact Agent
Listing Agent: Matthew Flinders, Armstrong Flinders and Associates, 801-375-1075, 801-375-1075 Listing Site, Listing Status: Active
Copyright © 2025 Snake River Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Ad Statistics:

Lake Home For Sale in Idaho Falls,
Ad Number : 6592821
Viewed: 177 times
Added: Sep 06, 2025
Updated on: Sep 27, 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified.