146 2ND AVE, Salt Lake City, UT 84103
28BD/—BA Residential in Salt Lake City, UT 84103. 14,850 sqft. Built 1923. Listed at $4,395,000. MLS #2136942.
28BD/—BA Residential in Salt Lake City, UT 84103. 14,850 sqft. Built 1923. Listed at $4,395,000. MLS #2136942.
Stanton-Yale Apartments, a rare dual building multi-family offering in one of Utah's most historic and sought-after neighborhoods. This stunning 21-unit brick property showcases timeless architectural charm, while also featuring modern upgrades. Each unit has been renovated and features new countertops, cabinets, and contemporary finishes while preserving the original hardwood flooring and penny tile bathrooms. Operational upside remains through improved management, stabilization of occupancy, and system upgrades. Large lot size, strong rental location, and parking make this a compelling value-add opportunity. Buyer advised to obtain independent measurements. Parcel 09-31-379-010 also included in sale. Owner/Agent.
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 3
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.62 sq ft
Condition
Blt./Standing
MLS #
2136942
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 3
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.62 sq ft
Condition
Blt./Standing
MLS #
2136942
List Price
$4,395,000
Original Price
$4,475,000
Annual Taxes
$24,632
Home Warranty
No
List Price
$4,395,000
Original Price
$4,475,000
Annual Taxes
$24,632
Home Warranty
No
Heating
Gas: Central,Wall Furnace
Roof
Membrane
Flooring
Carpet,Hardwood,Tile
Materials
Brick
Water Source
Private
Sewer
Sewer: Connected
View
Mountain(s)
Heating
Gas: Central,Wall Furnace
Roof
Membrane
Flooring
Carpet,Hardwood,Tile
Materials
Brick
Water Source
Private
Sewer
Sewer: Connected
View
Mountain(s)
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Classification
Standard
Deal Score
25/100
vs Similar Homes
80% above
vs Market Median
39% above
Price Reduced
1.8%
Area Growth (YoY)
0.1%
Deal Score Breakdown
25/100
2% price reduction from original list — seller may be motivated
Priced 80% above the median of similar listings
Priced 39% above the per-subtype city median
0.1% year-over-year ZHVI growth in this area
STR net cashflow -$20,343/mo (-67.5% 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.
Est. Annual Revenue
$168,278/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$20,342 /mo (−$244,106/yr)
Monthly STR income
Monthly ownership cost
Coverage
47%
Net /mo
−$20,343
DSCR
0.44
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$575,000
+664% vs median
55 days
621
$184,000 – $7,995,000
$24,632
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

Salt Lake City Real Estate Broker Focused on Pricing, Positioning, and Results

Devin Tanner - Utah Realtor
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