350 200, Salt Lake City, UT 84111
2BD/—BA Residential in Salt Lake City, UT 84111. 1,263 sqft. Built 2008. Listed at $599,000. MLS #2137842.
2BD/—BA Residential in Salt Lake City, UT 84111. 1,263 sqft. Built 2008. Listed at $599,000. MLS #2137842.
Rarely available 1,263 sq. ft. corner unit in the heart of downtown! Exterior remodeled in 2023 and interior updated in 2020. This spacious second-floor condo features generously sized bedrooms, including a large Primary Bedroom measuring 12.5 x 18 feet. Corner location offers added privacy and natural light. Convenient walk-in access directly from your garage parking space-ideal for easy entry and grocery trips. Prime central downtown location close to the city library, train tracks, shopping, restaurants, and more. HOA includes water, sewer, gas, trash, snow removal, and landscaping. Pets allowed! Rental permitted (15% cap). No short-term rentals; 6-month minimum lease required. Currently occupied. Shown by appointment only with 34 hours advance notice. Serious buyers only
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; High Rise
Stories
1
Subdivision
METRO
County
Salt Lake
Construction
Brick,Stucco,Metal Siding
Lot Size
0.01 sq ft
Above Grade Area
1,263 sq ft
Condition
Blt./Standing
MLS #
2137842
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; High Rise
Stories
1
Subdivision
METRO
County
Salt Lake
Construction
Brick,Stucco,Metal Siding
Lot Size
0.01 sq ft
Above Grade Area
1,263 sq ft
Condition
Blt./Standing
MLS #
2137842
List Price
$599,000
Original Price
$635,000
HOA Fees
$723 / Monthly
Annual Taxes
$2,440
Home Warranty
No
List Price
$599,000
Original Price
$635,000
HOA Fees
$723 / Monthly
Annual Taxes
$2,440
Home Warranty
No
Heating
Electric
Cooling
Central Air
Roof
Metal
Flooring
Laminate,Tile
Basement
None
Materials
Brick,Stucco,Metal Siding
Appliances
Microwave,Refrigerator
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Electric
Cooling
Central Air
Roof
Metal
Flooring
Laminate,Tile
Basement
None
Materials
Brick,Stucco,Metal Siding
Appliances
Microwave,Refrigerator
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Garage Spaces
1
Covered Spaces
1
Total Parking
2
Garage Spaces
1
Covered Spaces
1
Total Parking
2
Why this is a deal
Classification
Standard
Deal Score
60/100
vs Similar Homes
13% above
vs Market Median
23% above
Price Reduced
5.7%
Area Growth (YoY)
0.1%
Deal Score Breakdown
60/100 · 1 qualifying signal
6% price reduction from original list — seller may be motivated
Priced 13% above the median of similar listings
Priced 23% above the per-subtype city median
0.1% year-over-year ZHVI growth in this area
LT net cashflow -$1,833/mo (-38.9% return on ownership cost) · STR net cashflow -$3,215/mo (-68.3% 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
Monthly Rent
$3,270/mo
Range: $2,879 – $3,660
Net Monthly Cash Flow
−$1,832 /mo (−$21,983/yr)
Monthly rental income
Monthly ownership cost
Coverage
69%
Net /mo
−$1,833
DSCR
0.96
Est. Annual Revenue
$25,628/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$3,216 /mo (−$38,595/yr)
Monthly STR income
Monthly ownership cost
Coverage
45%
Net /mo
−$3,215
DSCR
0.50
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
15
Available Providers
$570,000
+5% vs median
57 days
615
$184,000 – $7,995,000
$2,440
$723/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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