520 500, Salt Lake City, UT 84102
2BD/—BA Residential in Salt Lake City, UT 84102. 1,034 sqft. Built 2008. Listed at $414,000. MLS #2149243.
2BD/—BA Residential in Salt Lake City, UT 84102. 1,034 sqft. Built 2008. Listed at $414,000. MLS #2149243.
Experience Salt Lake City living from this light-filled, open-concept condo in a highly walkable neighborhood. Minutes from Trolley Square, City Creek, Whole Foods, Trader Joe's and Smith's and a wide selection of downtown restaurants, shops, and entertainment. TRAX is within easy reach, simplifying trips to the University of Utah, theaters, museums, and live events-no parking headaches required. Large windows bathe the flexible floor plan in natural light, and the kitchen flows effortlessly into the living area. Furniture in condo is included. This pet-friendly community offers desirable shared amenities: a landscaped courtyard, BBQ area, and TWO reserved spaces in the attached secured garage. This unit makes a smart lifestyle choice and investment-modern comforts, secure facilities, and unmatched downtown access. Square footage figures are provided as a courtesy estimate only and were obtained from tax data . Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Top Level
Stories
2
Subdivision
TROLLEY PLACE
County
Salt Lake
Zoning
Multi-Family
Construction
Stucco
Lot Size
0.01 sq ft
Above Grade Area
1,034 sq ft
Condition
Blt./Standing
MLS #
2149243
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Top Level
Stories
2
Subdivision
TROLLEY PLACE
County
Salt Lake
Zoning
Multi-Family
Construction
Stucco
Lot Size
0.01 sq ft
Above Grade Area
1,034 sq ft
Condition
Blt./Standing
MLS #
2149243
List Price
$414,000
Original Price
$418,900
HOA Fees
$275 / Monthly
Annual Taxes
$2,098
Home Warranty
No
List Price
$414,000
Original Price
$418,900
HOA Fees
$275 / Monthly
Annual Taxes
$2,098
Home Warranty
No
Heating
Gas: Central
Cooling
Central Air
Roof
Rubber
Flooring
Carpet,Tile
Basement
None
Materials
Stucco
Appliances
Ceiling Fan,Dryer,Microwave,Refrigerator,Washer
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Gas: Central
Cooling
Central Air
Roof
Rubber
Flooring
Carpet,Tile
Basement
None
Materials
Stucco
Appliances
Ceiling Fan,Dryer,Microwave,Refrigerator,Washer
Water Source
Culinary
Sewer
Sewer: Connected
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Why this is a deal
Classification
Great Deal (vs Market)
Deal Score
92/100
vs Similar Homes
13% above
vs Market Median
24% below
Price Reduced
1.2%
Area Growth (YoY)
-1.2%
Deal Score Breakdown
92/100 · 1 qualifying signal
Priced 24% below the per-subtype city median
1% price reduction from original list — seller may be motivated
LT net cashflow -$633/mo (-20.6% return on ownership cost) · STR net cashflow -$1,785/mo (-58.0% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 13% above the median of similar listings
-1.2% 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
$2,780/mo
Range: $1,575 – $3,986
Net Monthly Cash Flow
−$634 /mo (−$7,608/yr)
Monthly rental income
Monthly ownership cost
Coverage
90%
Net /mo
−$633
DSCR
1.18
Est. Annual Revenue
$22,194/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$1,785 /mo (−$21,414/yr)
Monthly STR income
Monthly ownership cost
Coverage
60%
Net /mo
−$1,785
DSCR
0.62
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$582,900
-29% vs median
40 days
657
$11,000 – $7,995,000
$2,098
$275/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.
Select agents you’d like to hear from. They’ll be notified of your interest — your contact details stay private until you choose to respond.

Salt Lake City Real Estate Broker Focused on Pricing, Positioning, and Results

Daryn Edmunds - High Road Properties

Devin Tanner - Utah Realtor
Your inquiry goes to the listing agent.
Fast Response
Typically within 2 hours during business hours
Built with AI to help you find your perfect home
Powered by AI • Secured by Supabase • Trusted by Agents