Rebuilt Apartments in Downtown Idaho
488 D Street, Idaho Falls, ID 83402
MULTI_FAMILY - Idaho Falls, ID
Property size:
12,300 SFLot size:
0.40 AcresPrice / SF:
$215/SF- Added:
- Apr 28, 2026
- Days on Market:
- 26
- Last Refresh:
- May 23 at 12:06 am
Property Features for 488 D Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 16
- Bathrooms
- 16
- Rooms
- Bathroom 9, Bedroom 10, Bathroom 2, Bedroom 9, Bedroom 15, Bathroom 11, Bathroom 10, Bedroom 6, Basement, Bedroom 3, Bedroom 16, Bathroom 13, Bathroom 7, Bathroom 16, Bedroom 11, Bathroom 8, Bathroom 5, Bathroom 6, Bathroom 14, Bathroom 4, Bedroom 2, Bathroom 15, Bedroom 4, Bedroom 5, Bedroom 12, Bedroom 8, Bedroom 14, Bedroom 7, Bathroom 12, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 13
- 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
- Ductless, Zoned
- Water source
- Public
Building Details
- Year built
- 1915
- Number of units
- 16
- Building materials
- Brick
- Roof type
- Membrane
- Additional Structures
- Storage
Listing agent Matthew Flinders License #5452254-SA00 (801) 375-1075
Listing office Armstrong Flinders and Associates 31 S 1300 W #A, Pleasant Grove, ID (801) 375-1075
Listing date Apr 28, 2026
MLS# 2185284
Listing URL
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.
HighLights
- 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.
- Rare opportunity to own a rebuilt, mid‑sized apartment asset in a supply‑constrained downtown core.
- Modern systems including ductless heating and cooling, and common water heaters.
- Includes appliances such as dishwasher, microwave, refrigerator, oven, and stove.
Overview
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
Location Intelligence
Current Use by Public Records
Chicane Apartment
Real Estate Agency
Location Insight
- Map
- Local Demand
- City
- Idaho Falls
- County
- Bonneville
- State
- Idaho
- Longitude
- -112.0392632
- Latitude
- 43.4959155
Nearby Similar for Sale
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 $2,650,000.
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.
