606 NORTH TEMPLE, Salt Lake City, UT 84116
22BD/—BA Residential in Salt Lake City, UT 84116. 29,563 sqft. Built 1934. Listed at $5,999,900. MLS #2109931.
22BD/—BA Residential in Salt Lake City, UT 84116. 29,563 sqft. Built 1934. Listed at $5,999,900. MLS #2109931.
Just fell out of contract 6/15/2026..........22 unit apartment complex completely renovated with new underground garage secure parking and storage for each unit. Main floor units function as townhomes with exterior entrances from the street and high 11ft. Ceilings. Modern fair throughout this hip complex is always rented and boasts direct access to the trax line out front. Priced at $6,999,900, unique zoning could allow for additional stories (up to 7 floors) to be added to the building in the future. Exposed brick, individual HVAC controls and washers/dryers in every unit. Professionally managed and maintained. # of Units 22 Current monthly Income RENT $36,634 Other Monthly Income $2,245 Total Possible Annual Income $466,548 Price per Door $318,177 Inquire about amazing ASSUMABLE financing on this property.
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 2
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.31 sq ft
Condition
Blt./Standing
MLS #
2109931
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 2
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.31 sq ft
Condition
Blt./Standing
MLS #
2109931
List Price
$5,999,900
Annual Taxes
$34,179
Home Warranty
No
List Price
$5,999,900
Annual Taxes
$34,179
Home Warranty
No
Heating
Forced Air
Roof
Membrane
Flooring
Carpet,Laminate,Tile
Materials
Brick
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Forced Air
Roof
Membrane
Flooring
Carpet,Laminate,Tile
Materials
Brick
Water Source
Culinary
Sewer
Sewer: Connected
Garage Spaces
25
Covered Spaces
25
Total Parking
25
Garage Spaces
25
Covered Spaces
25
Total Parking
25
Classification
Standard
Deal Score
45/100
vs Market Median
6% above
Area Growth (YoY)
4.0%
Deal Score Breakdown
45/100
4.0% year-over-year ZHVI growth in this area
Priced 6% above the per-subtype city median
STR net cashflow -$30,538/mo (-74.5% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
No price reduction from original list
Not enough comparable listings
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
$178,767/yr
$154/night · 56% occupancy · $59/bedroom · $0.09/sqft
Net Monthly Cash Flow
−$30,539 /mo (−$366,468/yr)
Monthly STR income
Monthly ownership cost
Coverage
36%
Net /mo
−$30,538
DSCR
0.35
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$585,000
+926% vs median
39 days
659
$175,000 – $7,995,000
$34,179
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.

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

Daryn Edmunds - High Road Properties

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