121 MAIN, Salem, UT 84653
3BD/—BA Residential in Salem, UT 84653. 1,404 sqft. Built 1906. Listed at $524,900. MLS #2136424.
3BD/—BA Residential in Salem, UT 84653. 1,404 sqft. Built 1906. Listed at $524,900. MLS #2136424.
TWO HOMES FOR THE PRICE OF ONE! SELLER FINANCING AVAILABLE. 4.75% RATE! Rare commercial-zoned investment or owner-occupant opportunity with built-in income. Two separate homes on one lot in a prime Salem location just steps from Salem Ponds, within walking distance to schools, one block from the sports complex, and minutes to shopping, dining, and commuter routes. The main home (built 1906) features 3 bedrooms and 1 bath and is currently rented below market at $1,450/month (Month to Month). The Second Home (ADU) (built 1950) offers 1 bedroom and 1 bath with a tenant at $1,275/month, month-to-month, and is approved for short-term/nightly rental, providing excellent flexibility and upside. Perfect house-hack or cash-flow investment-rent one or both units with minimal management. Tenants pay their own utilities and handle yard maintenance, making this a hands-off property. Both homes are in great condition and well maintained. Additional features include a large storage shed divided into three separate sections for tenants/owner use. A smaller shed is tenant-owned and excluded from the sale. Square footage is provided as a courtesy estimate from a recent appraisal. Buyer to verify all measurements. Do not disturb tenants. Live showings Are Available with 48 Hours Notice. Agent is Related to the Seller.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
SALEM CITY SURVEY
County
Utah
Zoning
Single-Family, Multi-Family, Commercial
Construction
Asphalt,Stucco
Lot Size
0.21 sq ft
Above Grade Area
1,404 sq ft
Condition
Blt./Standing
MLS #
2136424
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Rambler/Ranch
Stories
2
Subdivision
SALEM CITY SURVEY
County
Utah
Zoning
Single-Family, Multi-Family, Commercial
Construction
Asphalt,Stucco
Lot Size
0.21 sq ft
Above Grade Area
1,404 sq ft
Condition
Blt./Standing
MLS #
2136424
List Price
$524,900
Original Price
$529,900
Annual Taxes
$1,873
Home Warranty
No
List Price
$524,900
Original Price
$529,900
Annual Taxes
$1,873
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Evaporative Cooling
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Slab
Materials
Asphalt,Stucco
Laundry
Electric Dryer Hookup
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Heating
Forced Air,Gas: Central
Cooling
Evaporative Cooling
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Slab
Materials
Asphalt,Stucco
Laundry
Electric Dryer Hookup
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected
View
Mountain(s)
Covered Spaces
0
Total Parking
8
Covered Spaces
0
Total Parking
8
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
75/100
vs Similar Homes
12% below
vs Market Median
36% above
Price Reduced
0.9%
Area Growth (YoY)
4.1%
Deal Score Breakdown
75/100 · 1 qualifying signal
Priced 12% below the median of similar listings
4.1% year-over-year ZHVI growth in this area
1% price reduction from original list — seller may be motivated
Priced 36% above the per-subtype city median
LT net cashflow -$2,067/mo (-59.5% return on ownership cost) · STR net cashflow -$2,198/mo (-63.3% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
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
$1,596/mo
Range: $724 – $2,467
Net Monthly Cash Flow
−$2,067 /mo (−$24,799/yr)
Monthly rental income
Monthly ownership cost
Coverage
46%
Net /mo
−$2,067
DSCR
0.54
Est. Annual Revenue
$21,829/yr
$284/night · 41% occupancy · $113/bedroom · $0.17/sqft
Net Monthly Cash Flow
−$2,198 /mo (−$26,370/yr)
Monthly STR income
Monthly ownership cost
Coverage
52%
Net /mo
−$2,198
DSCR
0.49
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
12
Available Providers
$579,000
-9% vs median
84 days
153
$305,000 – $2,595,000
$1,873
Very Safe
2.9
per 1,000
7.6
per 1,000
4.7
per 1,000
15.3
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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