2689 500, Salt Lake City, UT 84106
27BD/—BA Residential in Salt Lake City, UT 84106. 15,062 sqft. Built 2026. Listed at $6,708,000. MLS #2113902.
27BD/—BA Residential in Salt Lake City, UT 84106. 15,062 sqft. Built 2026. Listed at $6,708,000. MLS #2113902.
The Harvey presents a rare opportunity to acquire 12 units in a newly built, Class A 1-unit multi-family asset in the thriving Sugar House submarket of Salt Lake City. Luxury finishes and high-quality construction. Unit Mix: 5 Brownstone Units w/ separate walk-out basement 4 Penthouse condos (ADA adaptive) 3 Garden-style townhomes 12 covered carport spaces, dedicated bike parking, elevator, interior mail delivery, All-electric building, gypcrete sound insulation, zoned mini-split HVAC, fire sprinklers, Panasonic WhisperGreen ventilation, Google Fiber, skylights for natural light, Modern systems and energy-efficient design reduce near-term maintenance and operating costs. Situated in Sugar House, one of Salt Lake City's strongest rental and owner-occupant markets with robust demand and low vacancy. All condos/townhomes are separately parceled. There is currently a commercial condo available for purchase in addition to the 12 residential units, the commercial space is not included in the multi-unit sale and is platted as a separate parcel.
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 2
Subdivision
THE HARVEY
County
Salt Lake
Zoning
Commercial
Construction
Brick
Lot Size
0.41 sq ft
Condition
Blt./Standing
MLS #
2113902
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 2
Subdivision
THE HARVEY
County
Salt Lake
Zoning
Commercial
Construction
Brick
Lot Size
0.41 sq ft
Condition
Blt./Standing
MLS #
2113902
List Price
$6,708,000
Original Price
$6,750,000
HOA Fees
$1 / Monthly
Annual Taxes
$7,910
Home Warranty
No
List Price
$6,708,000
Original Price
$6,750,000
HOA Fees
$1 / Monthly
Annual Taxes
$7,910
Home Warranty
No
Heating
Heat Pump
Roof
Membrane
Flooring
Carpet,Tile
Materials
Brick
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Heat Pump
Roof
Membrane
Flooring
Carpet,Tile
Materials
Brick
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Covered Spaces
12
Total Parking
12
Covered Spaces
12
Total Parking
12
Classification
Standard
Deal Score
25/100
vs Market Median
18% above
Price Reduced
0.6%
Area Growth (YoY)
0.9%
Deal Score Breakdown
25/100
1% price reduction from original list — seller may be motivated
Priced 18% above the per-subtype city median
0.9% year-over-year ZHVI growth in this area
STR net cashflow -$33,356/mo (-77.5% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
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
$165,847/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$33,356 /mo (−$400,276/yr)
Monthly STR income
Monthly ownership cost
Coverage
32%
Net /mo
−$33,356
DSCR
0.29
Elementary
Nibley ParkMiddle School
Nibley ParkHigh School
HighlandSchool District
Salt Lake
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$570,000
+1077% vs median
57 days
615
$184,000 – $7,995,000
$7,910
$1/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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