242 DOWNINGTON, Salt Lake City, UT 84115
3BD/—BA Residential in Salt Lake City, UT 84115. 1,257 sqft. Built 1924. Listed at $524,899. MLS #2154052.
3BD/—BA Residential in Salt Lake City, UT 84115. 1,257 sqft. Built 1924. Listed at $524,899. MLS #2154052.
Charming updated bungalow in one of Salt Lake City's newest up-and-coming neighborhoods near downtown and neighboring Sugar House. This turnkey home features fresh paint, updated countertops, a fully remodeled bathroom, new carpet, and epoxy flooring. Key improvements include an updated electrical system, landscaping, and brand-new appliances, along with a newer furnace, water heater, and roof. A standout feature is the versatile garage, which includes heating, A/C, and a 220-volt outlet, allowing it to serve as a workshop or a detached entertaining space. Don't miss this incredible opportunity close to shopping, dining, and entertainment. Buyer to verify listing information and square footage.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
Subdivision
PLAT A
County
Salt Lake
Zoning
Single-Family
Construction
Stucco
Lot Size
0.1 sq ft
Above Grade Area
934 sq ft
Condition
Blt./Standing
MLS #
2154052
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
Subdivision
PLAT A
County
Salt Lake
Zoning
Single-Family
Construction
Stucco
Lot Size
0.1 sq ft
Above Grade Area
934 sq ft
Condition
Blt./Standing
MLS #
2154052
List Price
$524,899
Original Price
$549,900
Annual Taxes
$2,670
Home Warranty
No
List Price
$524,899
Original Price
$549,900
Annual Taxes
$2,670
Home Warranty
No
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Laminate
Basement
Shelf
Materials
Stucco
Appliances
Dryer,Washer
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Available
Heating
Forced Air
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Laminate
Basement
Shelf
Materials
Stucco
Appliances
Dryer,Washer
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Available
Garage Spaces
1
Covered Spaces
1
Total Parking
1
Garage Spaces
1
Covered Spaces
1
Total Parking
1
Classification
Standard
Deal Score
45/100
vs Similar Homes
8% above
vs Market Median
3% above
Price Reduced
4.5%
Area Growth (YoY)
0.3%
Deal Score Breakdown
45/100
5% price reduction from original list — seller may be motivated
Priced 3% above the per-subtype city median
Priced 8% above the median of similar listings
0.3% year-over-year ZHVI growth in this area
LT net cashflow -$1,489/mo (-41.6% return on ownership cost) · STR net cashflow -$1,826/mo (-51.0% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
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
$2,376/mo
Range: $1,675 – $3,077
Net Monthly Cash Flow
−$1,488 /mo (−$17,860/yr)
Monthly rental income
Monthly ownership cost
Coverage
66%
Net /mo
−$1,489
DSCR
0.79
Est. Annual Revenue
$30,055/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$1,826 /mo (−$21,909/yr)
Monthly STR income
Monthly ownership cost
Coverage
70%
Net /mo
−$1,826
DSCR
0.66
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$570,000
-8% vs median
56 days
618
$184,000 – $7,995,000
$2,670
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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