2206 LAKE, Salt Lake City, UT 84106
3BD/—BA Residential in Salt Lake City, UT 84106. 1,820 sqft. Built 1925. Listed at $740,000. MLS #2142106.
3BD/—BA Residential in Salt Lake City, UT 84106. 1,820 sqft. Built 1925. Listed at $740,000. MLS #2142106.
Nestled in one of Salt Lake City's most vibrant neighborhoods, this delightful 1925 bungalow offers the perfect blend of historic charm and modern convenience. Enjoy tree-lined streets, boutique shops, coffee houses, restaurants, and parks in the surrounding area. Inside, the home showcases its original character with timeless oak flooring. Thoughtful updates enhance its charm, including a stylish kitchen featuring a gas range, butcher block countertops, and exposed brick accents. Mechanically, the home has been improved with an updated HVAC system, enhanced electrical distribution, recessed lighting, and a new roof. Adding to its appeal is rare R-3 zoning, creating exceptional flexibility and opportunity. The property already features rear-entry access to a spacious three-car garage and offers potential for a detached ADU, with zoning that may allow for additional ADU possibilities. Whether you are looking for a charming primary residence, an investment opportunity, or future development potential, this property offers a truly unique combination of character, location, and flexibility.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
Subdivision
FOREST DALE
County
Salt Lake
Construction
Brick
Lot Size
0.18 sq ft
Above Grade Area
1,040 sq ft
Condition
Blt./Standing
MLS #
2142106
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
Subdivision
FOREST DALE
County
Salt Lake
Construction
Brick
Lot Size
0.18 sq ft
Above Grade Area
1,040 sq ft
Condition
Blt./Standing
MLS #
2142106
List Price
$740,000
Original Price
$765,000
Annual Taxes
$2,392
Home Warranty
No
List Price
$740,000
Original Price
$765,000
Annual Taxes
$2,392
Home Warranty
No
Heating
Gas: Central
Cooling
Evaporative Cooling
Roof
Asphalt
Flooring
Hardwood,Linoleum
Basement
Partial,Shelf
Materials
Brick
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Gas: Central
Cooling
Evaporative Cooling
Roof
Asphalt
Flooring
Hardwood,Linoleum
Basement
Partial,Shelf
Materials
Brick
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Garage Spaces
3
Covered Spaces
3
Total Parking
3
Garage Spaces
3
Covered Spaces
3
Total Parking
3
Classification
Standard
Deal Score
45/100
vs Similar Homes
24% above
vs Market Median
24% above
Price Reduced
3.3%
Area Growth (YoY)
0.9%
Deal Score Breakdown
45/100
3% price reduction from original list — seller may be motivated
LT net cashflow -$1,194/mo (-24.2% return on ownership cost) · STR net cashflow -$2,743/mo (-55.6% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 24% above the median of similar listings
Priced 24% above the per-subtype city median
0.9% 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
$4,247/mo
Range: $3,562 – $4,933
Net Monthly Cash Flow
−$1,195 /mo (−$14,337/yr)
Monthly rental income
Monthly ownership cost
Coverage
86%
Net /mo
−$1,194
DSCR
1.00
Est. Annual Revenue
$37,528/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$2,743 /mo (−$32,921/yr)
Monthly STR income
Monthly ownership cost
Coverage
63%
Net /mo
−$2,743
DSCR
0.58
Elementary
Nibley ParkMiddle School
ClaytonHigh School
HighlandSchool District
Salt Lake
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$570,000
+30% vs median
56 days
618
$184,000 – $7,995,000
$2,392
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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