60 E, Salt Lake City, UT 84103
12BD/—BA Residential in Salt Lake City, UT 84103. 6,620 sqft. Built 1906. Listed at $1,949,999. MLS #2148322.
12BD/—BA Residential in Salt Lake City, UT 84103. 6,620 sqft. Built 1906. Listed at $1,949,999. MLS #2148322.
Introducing The SULA, a rare opportunity to own a 7-unit multifamily property in the highly sought-after Avenues neighborhood, just moments from the University of Utah, City Creek Canyon and within walking distance to downtown Salt Lake City. Rich in character, this historic gem showcases timeless architecture that stands out in one of the city's most vibrant urban settings. Tenants are consistently drawn to the property's blend of classic charm and thoughtful modern updates. These units feature unique touches such as hardwood floors, original fireplaces, exposed brick accents, and high ceilings that create an open, inviting atmosphere. Select units offer private balconies. Updated kitchens and bathrooms provide contemporary comfort and functionality. The property is fully leased with quality tenants in place, offering immediate income stability. Amenities include fire escapes where required, in-unit washer and dryers in three units, and dishwashers in five units-enhancing tenant convenience and appeal. A distinctive investment property that seamlessly combines historic elegance with modern livability-The SULA is as stylish as it is smart. Cap Rate of 5.7%
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 2
Subdivision
SULA APARTMENTS
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.11 sq ft
Condition
Blt./Standing
MLS #
2148322
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 2
Subdivision
SULA APARTMENTS
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.11 sq ft
Condition
Blt./Standing
MLS #
2148322
List Price
$1,949,999
Original Price
$2,050,000
Annual Taxes
$7,197
Home Warranty
No
List Price
$1,949,999
Original Price
$2,050,000
Annual Taxes
$7,197
Home Warranty
No
Heating
Forced Air,Gas: Central
Roof
Flat
Flooring
Carpet,Hardwood,Tile
Materials
Brick
Laundry
Gas Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Forced Air,Gas: Central
Roof
Flat
Flooring
Carpet,Hardwood,Tile
Materials
Brick
Laundry
Gas Dryer Hookup
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Classification
Standard
Deal Score
45/100
vs Similar Homes
9% above
vs Market Median
2% above
Price Reduced
4.9%
Area Growth (YoY)
-0.8%
Deal Score Breakdown
45/100
5% price reduction from original list — seller may be motivated
Priced 2% above the per-subtype city median
Priced 9% above the median of similar listings
-0.8% year-over-year ZHVI growth in this area
STR net cashflow -$7,139/mo (-55.3% 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
$99,051/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$7,139 /mo (−$85,663/yr)
Monthly STR income
Monthly ownership cost
Coverage
64%
Net /mo
−$7,139
DSCR
0.59
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$570,000
+242% vs median
57 days
615
$184,000 – $7,995,000
$7,197
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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Daryn Edmunds - High Road Properties

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Devin Tanner - Utah Realtor
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