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488 D Street Idaho Falls, ID 83402

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New
For Sale
$2,800,000

MULTI_FAMILY - Idaho Falls, ID

Property size:
12,300 SF
Lot size:
0.40 Acres
Added:
Apr 7, 2026
Days on Market:
1
Last Refresh:
Apr 7 at 2:06 pm

Property Features for 488 D Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
16
Bathrooms
16
Rooms
Basement, Bathroom 2, Bedroom 3, Bathroom 8, Bathroom 11, Bedroom 10, Bathroom 13, Bedroom 15, Bedroom 14, Bathroom 3, Bathroom 4, Bedroom 6, Bathroom 16, Bedroom 7, Bathroom 5, Bedroom 9, Bedroom 12, Bedroom 11, Bedroom 16, Bathroom 6, Bedroom 4, Bedroom 5, Bathroom 7, Bedroom 2, Bedroom 1, Bathroom 9, Bathroom 10, Bedroom 8, Bathroom 15, Bedroom 13, Bathroom 14, Bathroom 12, Bathroom 1
Parking
22
Parking features
Off Street
Security features
Security System
Interior features
Ceiling Fan(s), Newly Renovated, Storage, Separate Storage
Exterior features
Lighting
Basement
Finished
Appliances
Common Water Heaters, Dishwasher, Microwave, Refrigerator, Oven, Stove
Standard status
Active
APN
RPA1980011007A
Size
12,300 SF
Lot size
0.40 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
LOTS 7- 8, W 31 FT LOT 9, BLOCK 11
Tax Annual Amount
13560

Utilities

Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Zoned, Ductless
Water source
Public

Building Details

Year built
1915
Number of units
16
Building materials
Brick
Roof type
Membrane
Additional Structures
Storage

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Listing Contact
Matthew Flinders
Matthew Flinders

Listing agent Matthew Flinders License #5452254-SA00

Listing office Armstrong Flinders and Associates 31 S 1300 W #A, Pleasant Grove, ID

Listing date Apr 7, 2026

MLS# 2185284

Copyright © 2026 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.


Overview

Rebuilt Apartments in Downtown Idaho Falls

This is a 16-unit apartment building located in downtown Idaho Falls, one block from the Snake River and Riverwalk Park. The property has been fully rebuilt, taken down to the shell and reconstructed with a new roof, electrical system, plumbing, and finishes. Its central, walkable location is near restaurants, offices, retail spaces, and nightlife. The property's modern systems are designed for lower maintenance and predictable expenses. The property size is 12300 square feet, situated on a lot of 0.4 acres. The 2025 projections indicate a solid return with potential for increased value through professional management, rent optimization, and continued downtown revitalization. This property offers the opportunity to own a rebuilt, mid-sized apartment asset in a supply-constrained downtown core.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Chicane Apartment Real Estate Agency

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Idaho Falls
County
Bonneville
State
Idaho
Longitude
-112.0392632
Latitude
43.4959155

FAQs

What type of property is this?
Apartment building - Fully rebuilt 16-unit apartment building in downtown Idaho Falls.
Where is this apartment building located?
The property is located at 488 D Street Idaho Falls, ID.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Fully rebuilt apartment building with new roof, electrical, plumbing, systems, and finishes.; Prime downtown Idaho Falls location, one block from the Snake River and Riverwalk Park.; Strong investment potential with solid in‑place return supported by 2025 numbers.
More about this property
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