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    488 D St Idaho Falls, ID 83402

    For Sale
    $2,800,000

    MULTI_FAMILY - Idaho Falls, ID

    Property size:
    12,300 SF
    Lot size:
    0.40 Acres
    Days on Market:
    93
    Last Refresh:
    Dec 6 at 12:06 pm

    Property Features for 488 D St

    General Information

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

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Ductless (Heating)
    Cooling system
    Heat Pump, Ductless, Zoned
    Water source
    Public
    Water front features
    River Front
    Water front
    1

    Building Details

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

    Armstrong Flinders and Associates (801) 375-1075

    Listing agent Matthew Flinders (208) 521-1406

    Listing date Sep 5, 2025

    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.

    Overview

    Renovated Apartment Complex in Idaho

    The Chicane Apartments, situated at 488 D St. in Idaho Falls, Idaho, offer a fully-renovated apartment complex in the downtown area. The property is located in a high-visibility location with great convenience and accessibility. The Riverwalk Park, nestled alongside the Snake River, is just one block away. This property is suitable for investors and 1031 exchange buyers. The apartment complex is set up to provide stable returns. The local market is expected to see demand outstrip supply for the next 5-10 years. The lot size is 0.4 acres, and the property size is 12300 square feet.
    Location Intelligence

    Current Use by Public Records

    Chicane Apartment Apartment Rental Agency

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Pharmacy

    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

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    FAQs

    What type of property is this?
    Apartment building - Fully renovated apartment complex in downtown Idaho Falls.
    Where is this apartment building located?
    The property is located at 488 D St 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: - Prime downtown Idaho Falls location with high visibility and accessibility.; - Fully renovated apartment complex offering stable returns.; - Proximity to Riverwalk Park and downtown attractions.
    (208) 521-1406
    Request Owner's contact information
    488 D St Idaho Falls, ID 83402
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    Idaho Falls, ID 83402
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    488 D St Idaho Falls, ID 83402
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