653 300, Salt Lake City, UT 84102
18BD/—BA Residential in Salt Lake City, UT 84102. 11,564 sqft. Built 1913. Listed at $2,200,000. MLS #2067363.
18BD/—BA Residential in Salt Lake City, UT 84102. 11,564 sqft. Built 1913. Listed at $2,200,000. MLS #2067363.
Welcome to The George, a historic gem located in the heart of downtown Salt Lake City! Originally opened in 1911 as the city's first hotel, this building has been beautifully converted into a modern apartment complex. It now features 14 stylish units, including four spacious 2-bedroom apartments and ten cozy 1-bedroom units. This prime location offers easy access to downtown dining, entertainment, the Trax station, and numerous shopping options, making it a fantastic investment opportunity.
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 3
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.22 sq ft
Condition
Blt./Standing
MLS #
2067363
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 3
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.22 sq ft
Condition
Blt./Standing
MLS #
2067363
List Price
$2,200,000
Original Price
$2,850,000
Annual Taxes
$14,400
Home Warranty
No
List Price
$2,200,000
Original Price
$2,850,000
Annual Taxes
$14,400
Home Warranty
No
Heating
Steam
Roof
Asphalt
Flooring
Carpet,Hardwood
Materials
Brick
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Steam
Roof
Asphalt
Flooring
Carpet,Hardwood
Materials
Brick
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Covered Spaces
4
Total Parking
7
Covered Spaces
4
Total Parking
7
Why this is a deal
Classification
Standard
Deal Score
100/100
vs Similar Homes
5% above
vs Market Median
5% above
Price Reduced
22.8%
Area Growth (YoY)
-0.8%
Deal Score Breakdown
100/100 · 1 qualifying signal
23% price reduction from original list — seller may be motivated
Priced 5% above the median of similar listings
Priced 5% above the per-subtype city median
-0.8% year-over-year ZHVI growth in this area
STR net cashflow -$7,043/mo (-46.1% 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
Est. Annual Revenue
$141,017/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$7,044 /mo (−$84,527/yr)
Monthly STR income
Monthly ownership cost
Coverage
77%
Net /mo
−$7,043
DSCR
0.74
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$575,000
+283% vs median
55 days
621
$184,000 – $7,995,000
$14,400
High Crime
28.7
per 1,000
83.9
per 1,000
34.5
per 1,000
147.1
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
Select agents you’d like to hear from. They’ll be notified of your interest — your contact details stay private until you choose to respond.

Daryn Edmunds - High Road Properties

Salt Lake City Real Estate Broker Focused on Pricing, Positioning, and Results

Devin Tanner - Utah Realtor
Your inquiry goes to the listing agent.
Fast Response
Typically within 2 hours during business hours
Built with AI to help you find your perfect home
Powered by AI • Secured by Supabase • Trusted by Agents