1032 400, Salt Lake City, UT 84102
2BD/—BA Residential in Salt Lake City, UT 84102. 1,050 sqft. Built 2024. Listed at $409,000. MLS #2143595.
2BD/—BA Residential in Salt Lake City, UT 84102. 1,050 sqft. Built 2024. Listed at $409,000. MLS #2143595.
Effective Year Built: 2026! Never lived in! Everything you see is brand new. Building B was completely renovated after a fire. New roof, plumbing, electrical, HVAC, exterior... too much to list. The owner spared no expense and finished with high-end designer finishes. Incline Terrace is the perfect spot for University of Utah and downtown Salt Lake City living, all at a very reasonable price. Super close to TRAX for easy commuting. Low HOA fees. The on-site HOA covers so much: water, sewer, outdoor pool, sauna, hot tub, workout room, on-site laundry, secured buildings. Pool area will be finished in May 2026. Enjoy your own private balcony for outdoor space, plus a reserved covered parking spot. Picnic and BBQ area are also bonus. Can be rented as an investment property! This is a rare chance to move into a like-new unit in a prime location where new construction is impossible to find at this price. Don't miss it!
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; High Rise
Stories
1
Subdivision
INCLINE TERRACE
County
Salt Lake
Zoning
Multi-Family
Construction
Aluminum,Brick,Frame
Lot Size
0.01 sq ft
Above Grade Area
1,050 sq ft
Condition
Blt./Standing
MLS #
2143595
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; High Rise
Stories
1
Subdivision
INCLINE TERRACE
County
Salt Lake
Zoning
Multi-Family
Construction
Aluminum,Brick,Frame
Lot Size
0.01 sq ft
Above Grade Area
1,050 sq ft
Condition
Blt./Standing
MLS #
2143595
List Price
$409,000
Original Price
$439,000
HOA Fees
$295 / Monthly
Annual Taxes
$1,122
Home Warranty
No
List Price
$409,000
Original Price
$439,000
HOA Fees
$295 / Monthly
Annual Taxes
$1,122
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Laminate,Tile
Basement
None
Materials
Aluminum,Brick,Frame
Appliances
Gas Grill/BBQ,Microwave,Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Laminate,Tile
Basement
None
Materials
Aluminum,Brick,Frame
Appliances
Gas Grill/BBQ,Microwave,Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected
Covered Spaces
1
Total Parking
1
Covered Spaces
1
Total Parking
1
Why this is a deal
Classification
Standard
Deal Score
60/100
vs Similar Homes
3% above
vs Market Median
19% above
Price Reduced
6.8%
Area Growth (YoY)
-0.8%
Deal Score Breakdown
60/100 · 1 qualifying signal
7% price reduction from original list — seller may be motivated
Priced 3% above the median of similar listings
Priced 19% above the per-subtype city median
-0.8% year-over-year ZHVI growth in this area
LT net cashflow -$981/mo (-32.7% return on ownership cost) · STR net cashflow -$1,666/mo (-55.5% 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
$2,299/mo
Range: $1,092 – $3,506
Net Monthly Cash Flow
−$981 /mo (−$11,773/yr)
Monthly rental income
Monthly ownership cost
Coverage
77%
Net /mo
−$981
DSCR
0.98
Est. Annual Revenue
$22,940/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$1,666 /mo (−$19,997/yr)
Monthly STR income
Monthly ownership cost
Coverage
64%
Net /mo
−$1,666
DSCR
0.65
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$575,000
-29% vs median
55 days
621
$184,000 – $7,995,000
$1,122
$295/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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