48 BROADWAY, Salt Lake City, UT 84101
2BD/—BA Residential in Salt Lake City, UT 84101. 2,279 sqft. Built 1982. Listed at $1,490,000. MLS #2151488.
2BD/—BA Residential in Salt Lake City, UT 84101. 2,279 sqft. Built 1982. Listed at $1,490,000. MLS #2151488.
This luxury condominium has been completely reimagined through a professionally executed, design-forward renovation that balances refined sophistication with everyday livability. The thoughtfully reconfigured floor plan maximizes both space and function, offering two generously proportioned bedrooms, well-appointed bathrooms, and an elegant great room and dining area designed for seamless flow. At the heart of the home, a striking modern kitchen anchors the open-concept layout, appointed with premium finishes and curated materials that elevate both form and function. Every system, surface, and detail has been meticulously selected and installed to the highest standard. Living spaces are intentionally oriented to capture sweeping panoramic views of the Salt Lake Valley, the Oquirrh Mountains, the Great Salt Lake, and the downtown skyline-creating a constant visual connection to the surrounding landscape. Distinguished features include Wolf and Sub-Zero appliances, Lutron lighting, rich walnut cabinetry, a sculptural stone-and-wood island, a Dimplex Opti-myst vapor fireplace, Sonos surround sound, and solid hardwood flooring throughout. Additional enhancements such as a dedicated coffee station, wine bar, custom built-ins, and abundant in-unit storage contribute to both luxury and practicality. An optimized HVAC system ensures year-round comfort. Ideally situated in the heart of downtown, the residence offers immediate walkability to premier shopping, dining, entertainment, outdoor concerts, the farmers market, City Creek, and Eccles Theater. The Bonneville Shoreline Trail system is just minutes away for hiking and biking, with convenient access to the University of Utah, TRAX transit, major freeways, and Utah's renowned ski resorts. With over $500,000 invested in its transformation, this residence represents a rare opportunity to own a truly elevated urban retreat. American Towers stands apart as the only downtown condominium building in Salt Lake City offering 24-hour security and dedicated desk service. Information provided as a courtesy; Buyer to verify all information.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; High Rise
Stories
1
Subdivision
AMERICAN TOWERS
County
Salt Lake
Zoning
Single-Family
Lot Size
0.01 sq ft
Above Grade Area
2,279 sq ft
Condition
Blt./Standing
MLS #
2151488
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; High Rise
Stories
1
Subdivision
AMERICAN TOWERS
County
Salt Lake
Zoning
Single-Family
Lot Size
0.01 sq ft
Above Grade Area
2,279 sq ft
Condition
Blt./Standing
MLS #
2151488
List Price
$1,490,000
HOA Fees
$1,287
Annual Taxes
$4,647
Home Warranty
No
List Price
$1,490,000
HOA Fees
$1,287
Annual Taxes
$4,647
Home Warranty
No
Heating
Heat Pump
Cooling
Heat Pump
Flooring
Carpet,Hardwood,Tile
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Private
View
Lake,Mountain(s),Valley
Heating
Heat Pump
Cooling
Heat Pump
Flooring
Carpet,Hardwood,Tile
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Private
View
Lake,Mountain(s),Valley
Garage Spaces
1
Covered Spaces
1
Total Parking
1
Garage Spaces
1
Covered Spaces
1
Total Parking
1
Classification
Standard
Deal Score
10/100
vs Similar Homes
194% above
vs Market Median
74% above
Area Growth (YoY)
0.1%
Deal Score Breakdown
10/100
Priced 194% above the median of similar listings
Priced 74% above the per-subtype city median
0.1% year-over-year ZHVI growth in this area
LT net cashflow -$6,787/mo (-60.6% return on ownership cost) · STR net cashflow -$9,073/mo (-81.0% 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.
Monthly Rent
$5,019/mo
Range: $2,996 – $7,041
Net Monthly Cash Flow
−$6,786 /mo (−$81,432/yr)
Monthly rental income
Monthly ownership cost
Coverage
45%
Net /mo
−$6,787
DSCR
0.59
Est. Annual Revenue
$36,519/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$9,073 /mo (−$108,873/yr)
Monthly STR income
Monthly ownership cost
Coverage
27%
Net /mo
−$9,073
DSCR
0.28
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
15
Available Providers
$575,000
+159% vs median
55 days
621
$184,000 – $7,995,000
$4,647
$1,287/mo
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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Devin Tanner - Utah Realtor
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