178 DOWNINGTON, Salt Lake City, UT 84115
3BD/—BA Residential in Salt Lake City, UT 84115. 1,026 sqft. Built 1933. Listed at $350,000. MLS #2150346.
3BD/—BA Residential in Salt Lake City, UT 84115. 1,026 sqft. Built 1933. Listed at $350,000. MLS #2150346.
**BACK ON THE MARKET DUE TO BUYER DEFAULT! Please contact listing agent for further details.**Welcome to this charming bungalow in the heart of Salt Lake City, offering an incredible opportunity to own at an attractive entry-level price point. Thoughtfully updated and move-in ready, this home features new flooring, refreshed kitchen countertops, and all appliances included-making for a seamless transition into homeownership. Inside, you'll find a functional layout with three comfortable bedrooms and one bathroom, perfect for first-time buyers, investors, or anyone seeking a low-maintenance lifestyle. A newer water heater adds peace of mind, while the home's cozy footprint maximizes both comfort and efficiency. Step outside to enjoy a private yard space-ideal for relaxing, entertaining, gardening, or creating your own outdoor retreat. Location is where this property truly shines. Conveniently situated just minutes from Downtown Salt Lake City, you'll have quick access to a vibrant mix of restaurants, shopping, nightlife, and cultural attractions that make the area the hub of the city. Whether commuting for work or enjoying a night out, everything you need is within easy reach. The home is also near Salt Lake Community College, making it an excellent option for students, faculty, or rental potential. The surrounding area benefits from strong public transit access, including TRAX light rail and bus routes, providing convenient connectivity throughout the valley. Outdoor enthusiasts will appreciate being nestled in a city known for its unique blend of urban living and access to nature. Within a short drive, you can explore hiking and biking trails, scenic parks, and even world-class ski resorts in the nearby Wasatch Mountains-making this location ideal for year-round recreation. Whether you're looking for affordability, convenience, or lifestyle, this home checks all the boxes. Don't miss your chance to own a well-located, updated property in one of Utah's most dynamic and growing cities.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
Subdivision
PLAT A BIG FIELD SUR
County
Salt Lake
Zoning
Single-Family
Construction
Metal Siding
Lot Size
0.15 sq ft
Above Grade Area
869 sq ft
Condition
Blt./Standing
MLS #
2150346
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
Subdivision
PLAT A BIG FIELD SUR
County
Salt Lake
Zoning
Single-Family
Construction
Metal Siding
Lot Size
0.15 sq ft
Above Grade Area
869 sq ft
Condition
Blt./Standing
MLS #
2150346
List Price
$350,000
Annual Taxes
$2,021
Home Warranty
Yes
List Price
$350,000
Annual Taxes
$2,021
Home Warranty
Yes
Heating
Forced Air,Gas: Central
Roof
Metal
Flooring
Tile
Basement
Shelf
Materials
Metal Siding
Appliances
Refrigerator
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Forced Air,Gas: Central
Roof
Metal
Flooring
Tile
Basement
Shelf
Materials
Metal Siding
Appliances
Refrigerator
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
Garage Spaces
1
Covered Spaces
1
Total Parking
4
Garage Spaces
1
Covered Spaces
1
Total Parking
4
Why this is a deal
Classification
Great Deal (vs Market)
Deal Score
82/100
vs Market Median
16% below
Area Growth (YoY)
-0.0%
Deal Score Breakdown
82/100 · 1 qualifying signal
Priced 16% below the per-subtype city median
-0.0% year-over-year ZHVI growth in this area
LT net cashflow -$1,576/mo (-65.9% return on ownership cost) · STR net cashflow -$877/mo (-36.7% 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
Not enough comparable listings
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
$927/mo
Range: $373 – $1,481
Net Monthly Cash Flow
−$1,576 /mo (−$18,912/yr)
Monthly rental income
Monthly ownership cost
Coverage
39%
Net /mo
−$1,576
DSCR
0.46
Est. Annual Revenue
$25,980/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$875 /mo (−$10,500/yr)
Monthly STR income
Monthly ownership cost
Coverage
91%
Net /mo
−$877
DSCR
0.86
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$585,000
-40% vs median
39 days
659
$175,000 – $7,995,000
$2,021
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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