171 CLEVELAND, Salt Lake City, UT 84115
4BD/—BA Residential in Salt Lake City, UT 84115. 1,876 sqft. Built 1939. Listed at $599,000. MLS #2153090.
4BD/—BA Residential in Salt Lake City, UT 84115. 1,876 sqft. Built 1939. Listed at $599,000. MLS #2153090.
Properties this cute are hard to come by these days, so we've made the search a bit easier for you. This charming bungalow right smack in the heart of Salt Lake City-the perfectly located neighborhood of Liberty Wells, to be specific-is touting plenty of original character, but with a recent remodel and some included upgrades that will make life easier in myriad ways. One of our favorite features here is that of the open floor plan, which makes the space feel both welcoming and well-suited to varying preferences: for those who love entertaining, this layout is on the nose, but it works just as well for those who prefer a quieter existence, where cozy solitude is the order of the day. Updates here are many, and include all the usual suspects, alongside some welcome surprises. The remodeled kitchen is a light, efficient space for any chef that includes new appliances (as of 2023) and a bay window, and the primary suite and en-suite bathroom have both been updated beautifully. Newer flooring and paint throughout lends a fresh "coat" to the home, but the windows, tankless water heater, furnace, A/C, plumbing, electrical, and roof have all been recently updated as well, so the next owners can rest assured that the big stuff's been handled. And while this property's remodel is a lovely thing for those lucky enough to purchase it (as is the 2-car garage...a rare find), the location of this home is certainly no slouch either. Liberty Wells is conveniently located near countless local restaurants and shops, as well as within walking distance of Liberty Park, 9th & 9th, and the Maven District. In other words, this one offers more than just a taste of the good life.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
3
Subdivision
CAPITOL
County
Salt Lake
Zoning
Single-Family
Lot Size
0.11 sq ft
Above Grade Area
1,114 sq ft
Condition
Blt./Standing
MLS #
2153090
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
3
Subdivision
CAPITOL
County
Salt Lake
Zoning
Single-Family
Lot Size
0.11 sq ft
Above Grade Area
1,114 sq ft
Condition
Blt./Standing
MLS #
2153090
List Price
$599,000
Annual Taxes
$3,090
Home Warranty
Yes
List Price
$599,000
Annual Taxes
$3,090
Home Warranty
Yes
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Laminate
Basement
Full
Water Source
Culinary,Irrigation
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Laminate
Basement
Full
Water Source
Culinary,Irrigation
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Garage Spaces
2
Covered Spaces
2
Total Parking
2
Classification
Standard
Deal Score
50/100
vs Similar Homes
1% above
vs Market Median
3% below
Area Growth (YoY)
-0.3%
Deal Score Breakdown
50/100
Priced 3% below the per-subtype city median
Priced 1% above the median of similar listings
LT net cashflow -$613/mo (-15.0% return on ownership cost) · STR net cashflow -$1,600/mo (-39.3% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
-0.3% year-over-year ZHVI growth in this area
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
$3,934/mo
Range: $2,787 – $5,082
Net Monthly Cash Flow
−$614 /mo (−$7,363/yr)
Monthly rental income
Monthly ownership cost
Coverage
97%
Net /mo
−$613
DSCR
1.15
Est. Annual Revenue
$42,442/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$1,601 /mo (−$19,209/yr)
Monthly STR income
Monthly ownership cost
Coverage
87%
Net /mo
−$1,600
DSCR
0.82
Elementary
Calvin SmithMiddle School
Granite ParkHigh School
Granite PeaksSchool District
Granite
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$580,000
+3% vs median
45 days
661
$195,000 – $7,995,000
$3,090
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

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