29 STATE, Salt Lake City, UT 84111
—BD/—BA Residential in Salt Lake City, UT 84111. 449 sqft. Built 1919. Listed at $245,000. MLS #2149063.
—BD/—BA Residential in Salt Lake City, UT 84111. 449 sqft. Built 1919. Listed at $245,000. MLS #2149063.
The Belvedere combines classic charm with modern downtown convenience. Built in 1919 and later converted to condominiums, this historic building features secure entry, a stylish lobby, elevator service, private storage, a social room, and updated coin-operated laundry on each floor to simplify daily living. The HOA covers all utilities except electricity and includes both free high-speed fiber-optic internet and Cable TV, while the current monthly power bill averages just around $20. Optional covered parking is available for rent nearby, ideal for anyone seeking a walkable, convenient lifestyle. Located just minutes on foot from City Creek Center and the LDS Temple, as well as restaurants, shops, grocery stores, entertainment, and public transit, this condo offers exceptional access to downtown amenities. Inside, thoughtful built-ins enhance both function and style, including large custom cabinets with abundant drawers conveniently located next to the bathroom-perfect for organized storage and everyday ease. The unit also includes a window A/C unit for added comfort during warmer months.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Main Level
Stories
1
Subdivision
BELVEDERE CONDM
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.1 sq ft
Above Grade Area
449 sq ft
Condition
Blt./Standing
MLS #
2149063
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Main Level
Stories
1
Subdivision
BELVEDERE CONDM
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.1 sq ft
Above Grade Area
449 sq ft
Condition
Blt./Standing
MLS #
2149063
List Price
$245,000
HOA Fees
$229 / Monthly
Annual Taxes
$987
Home Warranty
No
List Price
$245,000
HOA Fees
$229 / Monthly
Annual Taxes
$987
Home Warranty
No
Heating
Electric
Cooling
Window Unit(s)
Roof
Composition
Flooring
Carpet,Tile
Basement
None
Materials
Brick
Appliances
Dryer,Microwave,Range Hood,Refrigerator,Washer
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Electric
Cooling
Window Unit(s)
Roof
Composition
Flooring
Carpet,Tile
Basement
None
Materials
Brick
Appliances
Dryer,Microwave,Range Hood,Refrigerator,Washer
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
85/100
vs Similar Homes
17% below
vs Market Median
9% above
Area Growth (YoY)
0.1%
Deal Score Breakdown
85/100 · 1 qualifying signal
Priced 17% below the median of similar listings
Priced 9% above the per-subtype city median
0.1% year-over-year ZHVI growth in this area
LT net cashflow -$864/mo (-46.5% return on ownership cost) · STR net cashflow -$1,275/mo (-68.6% 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
$1,130/mo
Range: $528 – $1,732
Net Monthly Cash Flow
−$865 /mo (−$10,377/yr)
Monthly rental income
Monthly ownership cost
Coverage
61%
Net /mo
−$864
DSCR
0.81
Est. Annual Revenue
$10,005/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$1,276 /mo (−$15,312/yr)
Monthly STR income
Monthly ownership cost
Coverage
45%
Net /mo
−$1,275
DSCR
0.48
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$570,000
-57% vs median
57 days
615
$184,000 – $7,995,000
$987
$229/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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