563 DENVER, Salt Lake City, UT 84111
8BD/—BA Residential in Salt Lake City, UT 84111. 2,422 sqft. Built 1928. Listed at $1,200,000. MLS #2123122.
8BD/—BA Residential in Salt Lake City, UT 84111. 2,422 sqft. Built 1928. Listed at $1,200,000. MLS #2123122.
Discover a rare investment opportunity in the heart of downtown Salt Lake City, perfectly positioned near shopping, dining, entertainment, and major public transportation routes. This recently remodeled 4-plex blends modern comfort with unmatched convenience, making it ideal for both seasoned investors and owner-occupants. Three of the four units are currently rented, providing immediate rental income, while one unit is vacant and available for immediate viewing. The updated interiors, thoughtful layouts, and walkable location make this property highly attractive to long-term tenants and short-term renters alike. Please do not disturb current tenants. For more information or to schedule a showing, call for details. Verified appointments can also be arranged through Aligned full instructions will be provided upon request. Property is currently managed by a professional property management company, details available upon request. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Up And Down
Subdivision
PLAT B
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.07 sq ft
Condition
Blt./Standing
MLS #
2123122
Property Type
Residential
Property Style
Quadruplex
Architectural Style
Up And Down
Subdivision
PLAT B
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.07 sq ft
Condition
Blt./Standing
MLS #
2123122
List Price
$1,200,000
Annual Taxes
$6,249
Home Warranty
No
List Price
$1,200,000
Annual Taxes
$6,249
Home Warranty
No
Heating
Forced Air
Roof
Asphalt
Flooring
Vinyl
Materials
Brick
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Forced Air
Roof
Asphalt
Flooring
Vinyl
Materials
Brick
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Classification
Standard
Deal Score
10/100
vs Similar Homes
21% above
vs Market Median
62% above
Area Growth (YoY)
-0.8%
Deal Score Breakdown
10/100
Priced 21% above the median of similar listings
Priced 62% above the per-subtype city median
-0.8% year-over-year ZHVI growth in this area
STR net cashflow -$4,348/mo (-53.1% 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
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.
Est. Annual Revenue
$65,948/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$4,348 /mo (−$52,179/yr)
Monthly STR income
Monthly ownership cost
Coverage
67%
Net /mo
−$4,348
DSCR
0.63
Elementary
Bennion (M Lynn)Middle School
BryantHigh School
HighlandSchool District
Salt Lake
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$575,000
+109% vs median
55 days
621
$184,000 – $7,995,000
$6,249
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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