259 BISHOP PLACE, Salt Lake City, UT 84103
2BD/—BA Residential in Salt Lake City, UT 84103. 1,234 sqft. Built 2026. Listed at $549,900. MLS #2110565.
2BD/—BA Residential in Salt Lake City, UT 84103. 1,234 sqft. Built 2026. Listed at $549,900. MLS #2110565.
*Up to 35k in savings for this community! Step into a lifestyle where convenience, culture, and comfort come together at Bishop Place, located in the historic Marmalade District of downtown Salt Lake City. Here, you're not just buying a home-you're becoming part of one of the city's most iconic and walkable neighborhoods. Start your mornings with coffee from a local caf, then wander just half a block to the Marmalade Library, where you can grab a book, hop on an electric bike or scooter, and explore the city with ease. A quick walk connects you to the Delta Center for Jazz or NHL games, the Pioneer Park Farmers Market, the train system, and all things downtown. Within minutes, you'll be shopping at City Creek Mall, relaxing at The Gateway, or exploring Temple Square. For bigger adventures, the freeway system is less than a minute away, the Salt Lake City International Airport is only 10 minutes from your door, and the University of Utah is just 15 minutes up the road. World-class skiing at Park City, Alta, or Snowbasin is only 45 minutes away. Your home is just as remarkable as the location. Built to a Zero Energy Ready Standard this home is designed to the highest standards of the U.S. Department of Energy, meaning healthier air, abundant natural light, and significantly lower energy bills. Thoughtful innovations like solar-E windows, advanced insulation, smart thermostats, EV outlets, and an energy-efficient recirculation system set a new standard for comfort and sustainability. Inside, every detail reflects modern elegance-quartz countertops perfect for gathering, timeless tile finishes, and durable luxury flooring designed for everyday life. With a private garage, and open floorplan, your home adapts to your lifestyle-whether that's hosting friends, or simply enjoying city living. With Garbett Homes' limited-time incentive and special financing options through our preferred lender, the opportunity to own at Bishop Place has never been better. Don't just buy a home-discover a new way of living in Salt Lake City's historic Marmalade District. Schedule your private tour of Bishop Place today.
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-mid
Stories
2
Subdivision
BISHOP PLACE
County
Salt Lake
Lot Size
0.01 sq ft
Above Grade Area
1,234 sq ft
Condition
Blt./Standing
MLS #
2110565
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-mid
Stories
2
Subdivision
BISHOP PLACE
County
Salt Lake
Lot Size
0.01 sq ft
Above Grade Area
1,234 sq ft
Condition
Blt./Standing
MLS #
2110565
List Price
$549,900
Original Price
$590,412
HOA Fees
$220 / Monthly
Home Warranty
Yes
List Price
$549,900
Original Price
$590,412
HOA Fees
$220 / Monthly
Home Warranty
Yes
Heating
Heat Pump,>= 95% efficiency
Cooling
Central Air,Heat Pump
Flooring
Carpet,Laminate,Tile
Basement
None
Sewer
Sewer: Connected
Heating
Heat Pump,>= 95% efficiency
Cooling
Central Air,Heat Pump
Flooring
Carpet,Laminate,Tile
Basement
None
Sewer
Sewer: Connected
Garage Spaces
1
Covered Spaces
1
Total Parking
1
Garage Spaces
1
Covered Spaces
1
Total Parking
1
Why this is a deal
Classification
Standard
Deal Score
60/100
vs Similar Homes
3% above
vs Market Median
1% above
Price Reduced
6.9%
Area Growth (YoY)
0.1%
Deal Score Breakdown
60/100 · 1 qualifying signal
7% price reduction from original list — seller may be motivated
Priced 3% above the median of similar listings
Priced 1% above the per-subtype city median
0.1% year-over-year ZHVI growth in this area
LT net cashflow -$1,733/mo (-46.4% return on ownership cost) · STR net cashflow -$2,262/mo (-60.5% 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
$2,277/mo
Range: $1,448 – $3,106
Net Monthly Cash Flow
−$1,733 /mo (−$20,792/yr)
Monthly rental income
Monthly ownership cost
Coverage
61%
Net /mo
−$1,733
DSCR
0.72
Est. Annual Revenue
$25,273/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$2,262 /mo (−$27,139/yr)
Monthly STR income
Monthly ownership cost
Coverage
56%
Net /mo
−$2,262
DSCR
0.53
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$575,000
-4% vs median
55 days
621
$184,000 – $7,995,000
$220/monthly
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.
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