3592 2175, Millcreek, UT 84109
8BD/—BA Residential in Millcreek, UT 84109. 3,964 sqft. Built 1960. Listed at $1,200,000. MLS #2163077.
8BD/—BA Residential in Millcreek, UT 84109. 3,964 sqft. Built 1960. Listed at $1,200,000. MLS #2163077.
Situated in the heart of Millcreek, 3592 & 3598 S 2175 E offers a stabilized, income-producing duplex in one of Salt Lake County's most consistently sought-after rental submarkets. The property consists of two 4 bed / 2 bath units, catering to a broad and reliable tenant base. Renovated in 2018, the asset features updated plumbing, electrical, roof, and interior finishes, helping minimize near-term capital expenditures while supporting stable occupancy. A standout feature is the on-site shop, providing flexibility for storage, workspace, or potential ancillary income. Additionally, the property is equipped with solar panels that generate income, offering an extra revenue stream while enhancing energy efficiency and long-term sustainability, with potential to increase solar-related charges and further boost revenue. Millcreek continues to attract strong investor interest due to its central location, established residential character, and proximity to both employment centers and outdoor recreation. With limited new supply and sustained rental demand, the area has demonstrated consistent performance and long-term growth potential, making it a proven and resilient submarket within the Salt Lake Valley.
Property Type
Residential
Property Style
Duplex
Architectural Style
Stories: 1
Subdivision
KELLER HEIGHTS
County
Salt Lake
Construction
Brick
Lot Size
0.23 sq ft
Condition
Blt./Standing
MLS #
2163077
Property Type
Residential
Property Style
Duplex
Architectural Style
Stories: 1
Subdivision
KELLER HEIGHTS
County
Salt Lake
Construction
Brick
Lot Size
0.23 sq ft
Condition
Blt./Standing
MLS #
2163077
List Price
$1,200,000
Annual Taxes
$5,360
Home Warranty
No
List Price
$1,200,000
Annual Taxes
$5,360
Home Warranty
No
Heating
Forced Air
Roof
Composition
Flooring
Hardwood
Materials
Brick
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Forced Air
Roof
Composition
Flooring
Hardwood
Materials
Brick
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected
Garage Spaces
2
Covered Spaces
3
Total Parking
7
Garage Spaces
2
Covered Spaces
3
Total Parking
7
Classification
Strong Cash FlowDeal Score
55/100
vs Similar Homes
52% above
vs Market Median
13% above
Area Growth (YoY)
1.7%
Deal Score Breakdown
55/100
LT net cashflow +$117/mo (+1.4% return on ownership cost) · STR net cashflow -$3,977/mo (-49.3% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
1.7% year-over-year ZHVI growth in this area
Priced 52% above the median of similar listings
Priced 13% above the per-subtype city median
No price reduction from original list
Ensemble scoring: the best single signal sets the floor, secondary qualifying signals (≥60) each add 5 points up to +20. A home that strongly wins on one dimension is already a great deal — it doesn't need to tick every box.
Why this classification
Monthly Rent
$9,304/mo
Range: $7,432 – $11,176
Net Monthly Cash Flow
+$118 /mo (+$1,411/yr)
Monthly rental income
Monthly ownership cost
Coverage
115%
Net /mo
+$117
DSCR
1.36
Est. Annual Revenue
$70,176/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$3,976 /mo (−$47,717/yr)
Monthly STR income
Monthly ownership cost
Coverage
73%
Net /mo
−$3,977
DSCR
0.68
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
12
Available Providers
$650,000
+85% vs median
38 days
118
$214,000 – $4,495,000
$5,360
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