121 T, Salt Lake City, UT 84103
5BD/—BA Residential in Salt Lake City, UT 84103. 4,388 sqft. Built 1908. Listed at $1,425,000. MLS #2138280.
5BD/—BA Residential in Salt Lake City, UT 84103. 4,388 sqft. Built 1908. Listed at $1,425,000. MLS #2138280.
One of the Avenues' most substantial historic homes on a quiet, non-through street with a private fenced backyard. Homes of this size, on this side of the Avenues, rarely come to market. // Step inside to soaring ceilings, inlaid hardwood floors, rich original trim and doors, and an original dual-aspect fireplace anchoring the transition between the formal living room and family room. The floorplan was built for gathering: formal and semi-formal dining, generous living spaces, and a rare main-floor primary suite with two large closets and a grand bath featuring double glass sinks, Euroglass shower doors, and a jetted tub. // A thorough 2008 remodel addressed the bones - new roof, two HVAC systems, updated electrical, plumbing, and windows, remodeled kitchen and baths. The kitchen features custom cabinetry, granite countertops, and updated appliances with room to accommodate an island. Original character and modern infrastructure, already in place. The fully finished walk-out basement adds 1,800 square feet of flexible space - genuinely well-suited for multi-generational living, a home office or fitness studio, or ADU-style use. // The SR-1A historic overlay zone permits accessory units and tiny homes (buyer to verify zoning/permits). Large dedicated laundry room. This is the configuration investors and multi-gen buyers spend years hunting for. // Outside is what almost no Avenues home can offer: a full, private, fully fenced backyard with paver patios and walkways, a covered patio, and an outdoor kitchen. Detached 2-car garage plus additional off-street parking. Two easements: one providing access to the detached garage, one offering access from S Street (currently fenced, removable). Sewer main replaced approximately 10 years ago. Exterior recently repainted and hand-plastered. // The location speaks for itself - walkable to fine dining, boutique shops, the Capitol Building, City Creek Center, arts, theaters, and the University of Utah. The Avenues consistently ranks among Salt Lake's most prestigious and sought-after neighborhoods, and this home sits at the heart of it. // There is room to add personal finish and capture additional value - which, at this price point and this size, is a rare position to be in. // Square footage figures are provided as a courtesy estimate only and were obtained from SL County tax data. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
LOT 4, BLK 1, AVENUES
County
Salt Lake
Zoning
Single-Family
Construction
Asphalt,Stucco
Lot Size
0.17 sq ft
Above Grade Area
2,588 sq ft
Condition
Blt./Standing
MLS #
2138280
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
LOT 4, BLK 1, AVENUES
County
Salt Lake
Zoning
Single-Family
Construction
Asphalt,Stucco
Lot Size
0.17 sq ft
Above Grade Area
2,588 sq ft
Condition
Blt./Standing
MLS #
2138280
List Price
$1,425,000
Original Price
$1,490,000
Annual Taxes
$5,519
Home Warranty
No
List Price
$1,425,000
Original Price
$1,490,000
Annual Taxes
$5,519
Home Warranty
No
Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Hardwood,Laminate,Tile
Basement
Daylight,Entrance,Full,Walk-Out Access
Materials
Asphalt,Stucco
Appliances
Ceiling Fan,Gas Grill/BBQ,Microwave,Satellite Equipment,Satellite Dish
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Covered,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Hardwood,Laminate,Tile
Basement
Daylight,Entrance,Full,Walk-Out Access
Materials
Asphalt,Stucco
Appliances
Ceiling Fan,Gas Grill/BBQ,Microwave,Satellite Equipment,Satellite Dish
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Covered,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Garage Spaces
2
Covered Spaces
2
Total Parking
4
Garage Spaces
2
Covered Spaces
2
Total Parking
4
Classification
Standard
Deal Score
45/100
vs Similar Homes
0% above
vs Market Median
10% above
Price Reduced
4.4%
Area Growth (YoY)
-0.8%
Deal Score Breakdown
45/100
4% price reduction from original list — seller may be motivated
LT net cashflow -$230/mo (-2.4% return on ownership cost) · STR net cashflow -$5,975/mo (-62.4% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 0% above the median of similar listings
Priced 10% above the per-subtype city median
-0.8% year-over-year ZHVI growth in this area
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
$10,617/mo
Range: $7,426 – $13,807
Net Monthly Cash Flow
−$230 /mo (−$2,760/yr)
Monthly rental income
Monthly ownership cost
Coverage
111%
Net /mo
−$230
DSCR
1.30
Est. Annual Revenue
$61,688/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$5,974 /mo (−$71,692/yr)
Monthly STR income
Monthly ownership cost
Coverage
54%
Net /mo
−$5,975
DSCR
0.50
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$575,000
+148% vs median
55 days
621
$184,000 – $7,995,000
$5,519
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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