679 2ND, Salt Lake City, UT 84103
11BD/—BA Residential in Salt Lake City, UT 84103. 5,287 sqft. Built 1917. Listed at $1,587,000. MLS #2143287.
11BD/—BA Residential in Salt Lake City, UT 84103. 5,287 sqft. Built 1917. Listed at $1,587,000. MLS #2143287.
TURN-KEY investment property in the Avenues! Easy to lease and easy to manage. Scheduled annual rent and tenant paid utility income totals $109,320.00. Tenant's cover ALL utilities. Eight units: one grand 4 bd. 3 bath two level apartment (lease runs through 09/30/26), one studio/1 bd unit, six studio apartments. 97% occupancy rate. The grand unit has forced heat, central air, and has been totally remodeled. The studio/1bd. units have FANTASTIC vintage finishes - honeycomb tile, built-ins, AND modern day, economical mini-split heating and A/C. This building has been meticulously cared for and professionally managed. Do not disturb tenants - no showings prior to an accepted offer. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain independent measurements. Parcel 09-32-353-020 to the west is included in the sale and taxes for that parcel are included in estimated taxes. Buyer to verify all info.
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 3
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.2 sq ft
Condition
Blt./Standing
MLS #
2143287
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 3
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.2 sq ft
Condition
Blt./Standing
MLS #
2143287
List Price
$1,587,000
Original Price
$1,725,000
Annual Taxes
$6,132
Home Warranty
No
List Price
$1,587,000
Original Price
$1,725,000
Annual Taxes
$6,132
Home Warranty
No
Heating
Electric,Forced Air
Roof
Asphalt
Flooring
Carpet,Tile
Materials
Brick
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Electric,Forced Air
Roof
Asphalt
Flooring
Carpet,Tile
Materials
Brick
Laundry
Electric Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
90/100
vs Similar Homes
20% below
vs Market Median
51% above
Price Reduced
8.0%
Area Growth (YoY)
-0.8%
Deal Score Breakdown
90/100 · 2 qualifying signals
Priced 20% below the median of similar listings
8% price reduction from original list — seller may be motivated
Priced 51% above the per-subtype city median
-0.8% year-over-year ZHVI growth in this area
STR net cashflow -$5,444/mo (-51.1% 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
Est. Annual Revenue
$89,423/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$5,444 /mo (−$65,330/yr)
Monthly STR income
Monthly ownership cost
Coverage
70%
Net /mo
−$5,444
DSCR
0.65
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$575,000
+176% vs median
55 days
621
$184,000 – $7,995,000
$6,132
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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