8 HILLSIDE, Salt Lake City, UT 84103
1BD/—BA Residential in Salt Lake City, UT 84103. 784 sqft. Built 1962. Listed at $299,000. MLS #2151612.
1BD/—BA Residential in Salt Lake City, UT 84103. 784 sqft. Built 1962. Listed at $299,000. MLS #2151612.
I entered this business because of my deep love for architecture and design. While my path led me to real estate rather than architecture itself, it has allowed me to focus on selling the homes and buildings I truly admire. The Panorama is a perfect example of this passion. Its name alone evokes a distinct sense of time and place-reminiscent of watching a space shuttle launch at Cape Canaveral or enjoying a cocktail while people-watching from your private patio. It also reminds me of the iconic apartment buildings in Paris or New York that catch your eye on a rainy spring morning. Selling great design isn't always about grand estates; it's about these unique spaces that offer a view of the clouds passing over the city skyline or the Capitol building. It provides that big-city lifestyle in a personal sanctuary-a downtown apartment where you can drop your bags after work and head out for the night. I have always been drawn to this building's white facade, clean architectural lines, and the way it sits perched above the city center.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; High Rise
Stories
1
Subdivision
PANORAMA APARTMENTS
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Concrete
Lot Size
0.01 sq ft
Above Grade Area
784 sq ft
Condition
Blt./Standing
MLS #
2151612
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; High Rise
Stories
1
Subdivision
PANORAMA APARTMENTS
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Concrete
Lot Size
0.01 sq ft
Above Grade Area
784 sq ft
Condition
Blt./Standing
MLS #
2151612
List Price
$299,000
HOA Fees
$314 / Monthly
Annual Taxes
$1,510
Home Warranty
No
List Price
$299,000
HOA Fees
$314 / Monthly
Annual Taxes
$1,510
Home Warranty
No
Heating
Electric
Cooling
Central Air
Roof
Rubber
Flooring
Carpet,Linoleum
Basement
None
Materials
Brick,Concrete
Appliances
Microwave,Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Electric
Cooling
Central Air
Roof
Rubber
Flooring
Carpet,Linoleum
Basement
None
Materials
Brick,Concrete
Appliances
Microwave,Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Garage Spaces
1
Covered Spaces
1
Total Parking
2
Garage Spaces
1
Covered Spaces
1
Total Parking
2
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
100/100
vs Similar Homes
33% below
vs Market Median
6% above
Area Growth (YoY)
0.1%
Deal Score Breakdown
100/100 · 1 qualifying signal
Priced 33% below the median of similar listings
Priced 6% above the per-subtype city median
0.1% year-over-year ZHVI growth in this area
LT net cashflow -$1,317/mo (-56.0% return on ownership cost) · STR net cashflow -$1,501/mo (-63.8% 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
$1,176/mo
Range: $812 – $1,541
Net Monthly Cash Flow
−$1,317 /mo (−$15,804/yr)
Monthly rental income
Monthly ownership cost
Coverage
50%
Net /mo
−$1,317
DSCR
0.68
Est. Annual Revenue
$14,590/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$1,500 /mo (−$18,002/yr)
Monthly STR income
Monthly ownership cost
Coverage
52%
Net /mo
−$1,501
DSCR
0.56
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$575,000
-48% vs median
55 days
621
$184,000 – $7,995,000
$1,510
$314/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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