230 900, Salt Lake City, UT 84116
4BD/—BA Residential in Salt Lake City, UT 84116. 2,128 sqft. Built 1902. Listed at $400,000. MLS #2151791.
4BD/—BA Residential in Salt Lake City, UT 84116. 2,128 sqft. Built 1902. Listed at $400,000. MLS #2151791.
Wonderful opportunity to own a single-family home near downtown Salt Lake City at a highly competitive price per square foot with strong long-term upside potential. This 4-bedroom, 2-bath home offers approximately 2,128 SqFt on a 0.11-acre lot and presents an excellent opportunity for owner-occupants, investors, renovators, or buyers seeking to build equity in one of Salt Lake City's evolving west-side corridors. Located in the Fairpark neighborhood, the property is positioned minutes from Downtown Salt Lake City and moments from some of the area's most recognized local destinations, including Rancho Market on the next block, Red Iguana, the North Temple TRAX Station, The Gateway, the Salt Palace Convention Center, the Utah State Fairpark, Smith's, and many additional grocery stores, restaurants, and everyday amenities. The location also offers convenient access to commuter routes and multiple nearby schools, including West High School, located within approximately one mile. The Fairpark and North Temple corridor continue to experience significant redevelopment, infrastructure investment, and urban transformation, including nearby large-scale planning and investment activity in the west-side and Power District areas. Growing interest in the corridor continues to attract homeowners, developers, and long-term investors seeking proximity to downtown, public transit, entertainment districts, and future growth opportunities. This property offers flexibility for a variety of buyer profiles, including first-time buyers seeking an entry point near downtown, buyers looking for multigenerational living potential, or investors exploring value-add opportunities in a rapidly evolving area. For investors seeking additional underwriting context, the listing agent can provide a market analysis addressing comparable sales, area redevelopment activity, and potential value-add considerations. Salt Lake City documentation reflects substantial documented repairs and improvements completed in 2019, including items associated with roof replacement, new main sewer line, plumbing systems, water heater, windows, kitchen, bathrooms, drywall/paint, and related improvements. Documentation also reflects a Salt Lake City building permit and certificate of occupancy connected to this work. Buyer to review all available records and independently verify scope, condition, permits, and completion. Square footage figures are provided as a courtesy estimate from county records. Buyer is advised to obtain an independent measurement and verify all information.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
County
Salt Lake
Zoning
Single-Family, Multi-Family, Commercial
Lot Size
0.11 sq ft
Above Grade Area
1,216 sq ft
Condition
Blt./Standing
MLS #
2151791
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
County
Salt Lake
Zoning
Single-Family, Multi-Family, Commercial
Lot Size
0.11 sq ft
Above Grade Area
1,216 sq ft
Condition
Blt./Standing
MLS #
2151791
List Price
$400,000
Annual Taxes
$1,743
Home Warranty
No
List Price
$400,000
Annual Taxes
$1,743
Home Warranty
No
Heating
Gas: Central
Roof
Asbestos Shingle
Basement
Full
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Gas: Central
Roof
Asbestos Shingle
Basement
Full
Water Source
Culinary
Sewer
Sewer: Connected
Covered Spaces
0
Total Parking
2
Covered Spaces
0
Total Parking
2
Why this is a deal
Classification
Great Deal (vs Market)
Deal Score
100/100
vs Similar Homes
0% above
vs Market Median
39% below
Area Growth (YoY)
4.0%
Deal Score Breakdown
100/100 · 2 qualifying signals
LT net cashflow +$1,378/mo (+51.6% return on ownership cost) · STR net cashflow -$1,328/mo (-49.7% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 39% below the per-subtype city median
4.0% year-over-year ZHVI growth in this area
Priced 0% above the median of similar listings
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
$4,602/mo
Range: $2,741 – $6,464
Net Monthly Cash Flow
+$1,378 /mo (+$16,538/yr)
Monthly rental income
Monthly ownership cost
Coverage
172%
Net /mo
+$1,378
DSCR
2.03
Est. Annual Revenue
$23,034/yr
$154/night · 54% occupancy · $58/bedroom · $0.09/sqft
Net Monthly Cash Flow
−$1,328 /mo (−$15,940/yr)
Monthly STR income
Monthly ownership cost
Coverage
72%
Net /mo
−$1,328
DSCR
0.67
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$570,000
-30% vs median
57 days
615
$184,000 – $7,995,000
$1,743
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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