937 300, Salt Lake City, UT 84101
10BD/—BA Residential in Salt Lake City, UT 84101. 5,678 sqft. Built 1911. Listed at $1,999,000. MLS #2135108.
10BD/—BA Residential in Salt Lake City, UT 84101. 5,678 sqft. Built 1911. Listed at $1,999,000. MLS #2135108.
$1,999,000
Originally listed at $2,100,000
Fully occupied 5-plex in a prime Eastside Downtown Salt Lake City location. Just minutes from the University of Utah and nearby bus/TRAX stations, this 5,678-square-foot multifamily property delivers strong, consistent tenant demand in one of the city's most walkable and convenient neighborhoods. The property is fully furnished and turn-key, offering immediate cash flow, with consistent demand via Airbnb, Furnished Finder, and Facebook Marketplace from students, working professionals, and travelers. Each of the five apartments features two bedrooms, one full bathroom, a comfortable living area, and a full kitchen with dining space. All units have been recently painted and upgraded with remote-controlled mini-split heating and cooling, providing individual climate control in each room. Two of the units were newly constructed in 2024. Residents enjoy private front porch/deck spaces, a shared rear patio area, and an on-site laundry room with coin and credit card-operated machines. The property includes five designated outdoor parking spaces, with additional free street parking available. This charming multifamily asset blends historic character with modern updates, making it a compelling opportunity for investors seeking long-term stability in a highly desirable Salt Lake City location. The listing agent is related to the Seller.
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Five-Plex
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Composition,Stone
Lot Size
0.12 sq ft
Condition
Blt./Standing
MLS #
2135108
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Five-Plex
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Composition,Stone
Lot Size
0.12 sq ft
Condition
Blt./Standing
MLS #
2135108
List Price
$1,999,000
Original Price
$2,100,000
Annual Taxes
$6,151
Home Warranty
No
List Price
$1,999,000
Original Price
$2,100,000
Annual Taxes
$6,151
Home Warranty
No
Heating
Forced Air
Roof
Rubber
Flooring
Carpet,Tile
Materials
Brick,Composition,Stone
Patio & Porch
Covered,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air
Roof
Rubber
Flooring
Carpet,Tile
Materials
Brick,Composition,Stone
Patio & Porch
Covered,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Covered Spaces
0
Total Parking
5
Covered Spaces
0
Total Parking
5
Classification
Standard
Deal Score
45/100
vs Similar Homes
25% above
vs Market Median
81% above
Price Reduced
4.8%
Area Growth (YoY)
-0.8%
Deal Score Breakdown
45/100
5% price reduction from original list — seller may be motivated
Priced 25% above the median of similar listings
Priced 81% above the per-subtype city median
-0.8% year-over-year ZHVI growth in this area
STR net cashflow -$8,167/mo (-61.4% 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
Est. Annual Revenue
$87,940/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$8,167 /mo (−$98,006/yr)
Monthly STR income
Monthly ownership cost
Coverage
55%
Net /mo
−$8,167
DSCR
0.51
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
15
Available Providers
$575,000
+248% vs median
55 days
621
$184,000 – $7,995,000
$6,151
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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Daryn Edmunds - High Road Properties

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Devin Tanner - Utah Realtor
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