5 500, Salt Lake City, UT 84101
3BD/—BA Residential in Salt Lake City, UT 84101. 2,560 sqft. Built 2004. Listed at $959,900. MLS #2121797.
3BD/—BA Residential in Salt Lake City, UT 84101. 2,560 sqft. Built 2004. Listed at $959,900. MLS #2121797.
Easy Downtown Living! This sleek downtown townhouse is ideal for anyone who wants a comfortable, low-maintenance home base in the city. Designed for convenience, this secure lock-and-leave townhouse offers a private, gated street-level entrance and your VERY OWN private ATTACHED 2-car garage - a rare find and a real luxury to have in the downtown housing market. Ideally located with quick access to the restaurants, shops, theaters, and sports venues for which downtown Salt Lake is known, and just 10 minutes from the airport. Inside, the open main floor provides a relaxed space for entertaining or unwinding. Three spacious bedrooms make hosting family or friends simple and enjoyable. As part of The Parc at Gateway, you'll enjoy excellent amenities, including a well-appointed rooftop deck, a comfortable gathering room, fitness center, and secure mailroom. The landscaped 500 West median park adds a pleasant European-style touch right outside your door. Long-term (30-day+) rentals are allowed with some restrictions (Olympics are coming back to Utah!), and up to two household pets (under 40 lbs) are welcome. The main floor includes an 8' x 24' unfinished lockable storage room - great for seasonal gear. Most furnishings are negotiable, making it easy to move right in and start enjoying this lifestyle.
Property Type
Residential
Property Style
Condominium
Architectural Style
Townhouse; Row-mid
Stories
2
Subdivision
PARC AT GATEWAY
County
Salt Lake
Zoning
Multi-Family
Construction
Stucco
Lot Size
0.01 sq ft
Above Grade Area
2,560 sq ft
Condition
Blt./Standing
MLS #
2121797
Property Type
Residential
Property Style
Condominium
Architectural Style
Townhouse; Row-mid
Stories
2
Subdivision
PARC AT GATEWAY
County
Salt Lake
Zoning
Multi-Family
Construction
Stucco
Lot Size
0.01 sq ft
Above Grade Area
2,560 sq ft
Condition
Blt./Standing
MLS #
2121797
List Price
$959,900
HOA Fees
$774 / Monthly
Annual Taxes
$5,924
Home Warranty
No
List Price
$959,900
HOA Fees
$774 / Monthly
Annual Taxes
$5,924
Home Warranty
No
Heating
Forced Air,Gas: Central,Hot Water
Cooling
Central Air
Roof
Membrane
Flooring
Carpet,Tile
Basement
Slab
Materials
Stucco
Appliances
Dryer,Microwave,Range Hood,Refrigerator,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Forced Air,Gas: Central,Hot Water
Cooling
Central Air
Roof
Membrane
Flooring
Carpet,Tile
Basement
Slab
Materials
Stucco
Appliances
Dryer,Microwave,Range Hood,Refrigerator,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Why this is a deal
Classification
Strong Cash FlowDeal Score
90/100
vs Similar Homes
42% above
vs Market Median
86% above
Area Growth (YoY)
0.1%
Deal Score Breakdown
90/100 · 1 qualifying signal
LT net cashflow +$2,199/mo (+29.7% return on ownership cost) · STR net cashflow -$4,720/mo (-63.7% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 42% above the median of similar listings
Priced 86% above the per-subtype city median
0.1% year-over-year ZHVI growth in this area
No price reduction from original list
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
$10,915/mo
Range: $4,231 – $17,599
Net Monthly Cash Flow
+$2,199 /mo (+$26,384/yr)
Monthly rental income
Monthly ownership cost
Coverage
147%
Net /mo
+$2,199
DSCR
1.98
Est. Annual Revenue
$46,053/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$4,721 /mo (−$56,647/yr)
Monthly STR income
Monthly ownership cost
Coverage
52%
Net /mo
−$4,720
DSCR
0.55
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
15
Available Providers
$575,000
+67% vs median
55 days
621
$184,000 – $7,995,000
$5,924
$774/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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