301 AZURE SKY, Salt Lake City, UT 84103
2BD/—BA Residential in Salt Lake City, UT 84103. 1,139 sqft. Built 2024. Listed at $499,000. MLS #2138784.
2BD/—BA Residential in Salt Lake City, UT 84103. 1,139 sqft. Built 2024. Listed at $499,000. MLS #2138784.
Newly created MU5 zoning which allows Short Term Rentals. Welcome to this stunning townhome in the heart of Salt Lake's beloved Marmalade District-where modern style, thoughtful design, and an unbeatable location come together beautifully. Featuring 2 bedrooms, 2 bathrooms, and upscale finishes throughout, this home showcases the quality craftsmanship and energy efficiency Garbett Homes is known for. Step outside and enjoy one of Salt Lake City's most vibrant neighborhoods, with easy access to downtown dining, entertainment, coffee shops, parks, and cultural landmarks-all while tucked into the charm and character that make Marmalade so special. Whether you're looking for a stylish primary residence, an urban retreat, or a flexible investment opportunity, this home offers the rare advantage of allowing short-term rentals. A beautiful home in an incredible location-with versatility that's hard to find. Square footage figures are provided as a courtesy estimate only and were obtained from builder's plans. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-end
Stories
3
Subdivision
AZURE PLACE
County
Salt Lake
Zoning
Multi-Family
Construction
Stucco,Cement Siding
Lot Size
0.01 sq ft
Above Grade Area
1,139 sq ft
Condition
Blt./Standing
MLS #
2138784
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-end
Stories
3
Subdivision
AZURE PLACE
County
Salt Lake
Zoning
Multi-Family
Construction
Stucco,Cement Siding
Lot Size
0.01 sq ft
Above Grade Area
1,139 sq ft
Condition
Blt./Standing
MLS #
2138784
List Price
$499,000
HOA Fees
$187 / Monthly
Annual Taxes
$2,546
Home Warranty
No
List Price
$499,000
HOA Fees
$187 / Monthly
Annual Taxes
$2,546
Home Warranty
No
Heating
Electric,Active Solar,>= 95% efficiency
Cooling
Central Air,Active Solar
Roof
Membrane
Flooring
Carpet,Laminate,Tile
Basement
None
Materials
Stucco,Cement Siding
Appliances
Dryer,Microwave,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Electric,Active Solar,>= 95% efficiency
Cooling
Central Air,Active Solar
Roof
Membrane
Flooring
Carpet,Laminate,Tile
Basement
None
Materials
Stucco,Cement Siding
Appliances
Dryer,Microwave,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Why this is a deal
Classification
Standard
Deal Score
77/100
vs Similar Homes
9% below
vs Market Median
11% below
Area Growth (YoY)
-1.1%
Deal Score Breakdown
77/100 · 2 qualifying signals
Priced 11% below the per-subtype city median
Priced 9% below the median of similar listings
-1.1% year-over-year ZHVI growth in this area
LT net cashflow -$2,235/mo (-62.6% return on ownership cost) · STR net cashflow -$2,877/mo (-80.6% 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.
Why this classification
Monthly Rent
$1,516/mo
Range: $972 – $2,061
Net Monthly Cash Flow
−$2,235 /mo (−$26,824/yr)
Monthly rental income
Monthly ownership cost
Coverage
43%
Net /mo
−$2,235
DSCR
0.53
Est. Annual Revenue
$11,867/yr
$154/night · 56% occupancy · $59/bedroom · $0.09/sqft
Net Monthly Cash Flow
−$2,877 /mo (−$34,529/yr)
Monthly STR income
Monthly ownership cost
Coverage
28%
Net /mo
−$2,877
DSCR
0.28
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
11
Available Providers
$585,000
-15% vs median
39 days
659
$175,000 – $7,995,000
$2,546
$187/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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