2544 700, Millcreek, UT 84106
4BD/—BA Residential in Millcreek, UT 84106. 2,010 sqft. Built 1975. Listed at $575,000. MLS #2166634.
4BD/—BA Residential in Millcreek, UT 84106. 2,010 sqft. Built 1975. Listed at $575,000. MLS #2166634.
Incredible Sugar House DUPLEX investment opportunity and exceptional upside potential! Located in one of Salt Lake City's premier, high-demand rental markets, this property offers phenomenal walkability to vibrant local shopping, dining, Sugar House Park, and provides effortless commuting to Westminster University and the University of Utah. An ideal asset for a seasoned investor looking to maximize cash flow or an owner-occupant wanting a smart house-hack to offset their mortgage. Package deal opportunity: The adjacent 4-unit directly to the north (2540 S 700 E) is also for sale by the same owner, offering a rare chance to acquire a multi-building portfolio footprint in a prime location. Buyer to verify all listing details, current lease terms, utilities, and square footage. Do not miss this rare chance to secure a high-performing multi-family property in a prime SLC location!
Property Type
Residential
Property Style
Duplex
Architectural Style
Up And Down
Subdivision
PLAT A
County
Salt Lake
Zoning
Multi-Family
Construction
Aluminum,Brick
Lot Size
0.2 sq ft
Condition
Blt./Standing
MLS #
2166634
Property Type
Residential
Property Style
Duplex
Architectural Style
Up And Down
Subdivision
PLAT A
County
Salt Lake
Zoning
Multi-Family
Construction
Aluminum,Brick
Lot Size
0.2 sq ft
Condition
Blt./Standing
MLS #
2166634
List Price
$575,000
Annual Taxes
$2,358
Home Warranty
No
List Price
$575,000
Annual Taxes
$2,358
Home Warranty
No
Heating
Forced Air
Roof
Asphalt
Flooring
Carpet,Vinyl
Materials
Aluminum,Brick
Laundry
Electric Dryer Hookup
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Forced Air
Roof
Asphalt
Flooring
Carpet,Vinyl
Materials
Aluminum,Brick
Laundry
Electric Dryer Hookup
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
95/100
vs Similar Homes
26% below
vs Market Median
0% above
Area Growth (YoY)
0.5%
Deal Score Breakdown
95/100 · 1 qualifying signal
Priced 26% below the median of similar listings
LT net cashflow -$99/mo (-2.6% return on ownership cost) · STR net cashflow -$1,304/mo (-33.9% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 0% above the per-subtype city median
0.5% year-over-year ZHVI growth in this area
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
$4,262/mo
Range: $3,405 – $5,120
Net Monthly Cash Flow
−$99 /mo (−$1,182/yr)
Monthly rental income
Monthly ownership cost
Coverage
111%
Net /mo
−$99
DSCR
1.30
Est. Annual Revenue
$43,636/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$1,305 /mo (−$15,662/yr)
Monthly STR income
Monthly ownership cost
Coverage
95%
Net /mo
−$1,304
DSCR
0.88
Elementary
Nibley ParkMiddle School
ClaytonHigh School
HighlandSchool District
Salt Lake
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
12
Available Providers
$650,000
-12% vs median
38 days
118
$214,000 – $4,495,000
$2,358
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