135 B, Salt Lake City, UT 84103
3BD/—BA Residential in Salt Lake City, UT 84103. 3,000 sqft. Built 1899. Listed at $985,000. MLS #2149423.
3BD/—BA Residential in Salt Lake City, UT 84103. 3,000 sqft. Built 1899. Listed at $985,000. MLS #2149423.
$985,000
Originally listed at $1,065,000
This multi-family property is located in Salt Lake's highly desirable Avenues neighborhood, positioned on a prominent corner lot with convenient access to downtown, the University of Utah, area parks, dining, and the region's extensive trail systems. The property is currently configured as six conforming units within a single structure, consisting primarily of studio and one-bedroom layouts. The asset offers immediate income with continued demand driven by its exceptional location. The structure itself is in original condition and will require significant updating, presenting a clear opportunity for a future owner to renovate, reposition, or evaluate alternative long-term strategies for the site. Buyers are encouraged to conduct their own due diligence regarding potential improvements, redevelopment considerations, and any requirements associated with the property's historic designation. Additional features include open off-street parking at the rear of the property, ample surrounding street parking, mature landscaping, and shared laundry and storage areas. This is a rare opportunity to acquire a well-located parcel in one of the City's most consistently sought-after neighborhoods, offering both in-place income and the potential to reimagine the property over time.
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 1
Subdivision
AVENUES
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.21 sq ft
Condition
Blt./Standing
MLS #
2149423
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 1
Subdivision
AVENUES
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.21 sq ft
Condition
Blt./Standing
MLS #
2149423
List Price
$985,000
Original Price
$1,065,000
Annual Taxes
$3,934
Home Warranty
No
List Price
$985,000
Original Price
$1,065,000
Annual Taxes
$3,934
Home Warranty
No
Heating
Forced Air
Roof
Asphalt
Flooring
Carpet,Tile,Vinyl
Materials
Brick
Laundry
Electric Dryer Hookup
Patio & Porch
Porch: Open,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air
Roof
Asphalt
Flooring
Carpet,Tile,Vinyl
Materials
Brick
Laundry
Electric Dryer Hookup
Patio & Porch
Porch: Open,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
100/100
vs Similar Homes
50% below
vs Market Median
25% above
Price Reduced
7.5%
Area Growth (YoY)
0.1%
Deal Score Breakdown
100/100 · 2 qualifying signals
Priced 50% below the median of similar listings
8% price reduction from original list — seller may be motivated
Priced 25% above the per-subtype city median
0.1% year-over-year ZHVI growth in this area
STR net cashflow -$3,595/mo (-54.9% 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
$50,650/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$3,595 /mo (−$43,136/yr)
Monthly STR income
Monthly ownership cost
Coverage
64%
Net /mo
−$3,595
DSCR
0.60
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$570,000
+73% vs median
57 days
615
$184,000 – $7,995,000
$3,934
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

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

Devin Tanner - Utah Realtor
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