Chicane Apartments
The Chicane Apartments on D Street
Marketing description
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 we think you’ll like owning it. Updated 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 you’re downtown! And the downtown continues to be revitalized!
This is a great 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
Investment highlights
Investment Highlights
16-unit downtown apartment building
Ideal size: large enough but small enough to manage efficiently.Taken down to the shell and rebuilt
New roof, electrical, plumbing, and major systems. We think your inspector will nod and smile!Downtown Idaho Falls location
Strong tenant demand, walkability, and long-term desirability.Attractive in-place return
Approximately a 5.74% cap rate based on seller’s 2025 financials.Reduced operational risk
Modern infrastructure lowers maintenance costs and surprise repairs.Upside potential
Continued rent growth through professional management, continued downtown momentum, and long-term hold appreciation.Clean story for lenders and investors
Simple asset, recent rebuild, clear numbers, and no construction risk.
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