157 800, Salt Lake City, UT 84102
10BD/—BA Residential in Salt Lake City, UT 84102. 5,989 sqft. Built 1950. Listed at $975,000. MLS #2154089.
10BD/—BA Residential in Salt Lake City, UT 84102. 5,989 sqft. Built 1950. Listed at $975,000. MLS #2154089.
This multi-unit property was originally built as an elderly care facility that required overhead water sprinklers, which are still in place. Currently, the property is licensed and used as a single-room boarding home with multiple tenants. There is one 2-bedroom apartment and a 1-bedroom apartment on the main. Both have kitchens. The 2-bedroom apartment has a 3/4 bath, and the 1-bedroom has a full bath. One of the 1-bedroom units has a 1/2 bath; the other 7 rooms share two common baths. Upstairs, there are 2 common full bathrooms and a common area kitchen. THIS PROPERTY IS PERFECT "AS IS" OR CAN BE DEVELOPED INTO AN AIRBNB, HOSTEL, GROUP HOME, OR APARTMENT HOMES! THE BOILER IS A COUPLE OF YEARS OLD AND HIGHLY EFFICIENT. THE ROOF IS IN EXCELLENT CONDITION.
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 2
County
Salt Lake
Zoning
Multi-Family
Construction
Stucco
Lot Size
0.22 sq ft
Condition
Blt./Standing
MLS #
2154089
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Stories: 2
County
Salt Lake
Zoning
Multi-Family
Construction
Stucco
Lot Size
0.22 sq ft
Condition
Blt./Standing
MLS #
2154089
List Price
$975,000
Annual Taxes
$4,000
Home Warranty
No
List Price
$975,000
Annual Taxes
$4,000
Home Warranty
No
Heating
Gas: Radiant,Hot Water
Roof
Asphalt
Flooring
Carpet,Hardwood,Linoleum,Vinyl
Materials
Stucco
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Gas: Radiant,Hot Water
Roof
Asphalt
Flooring
Carpet,Hardwood,Linoleum,Vinyl
Materials
Stucco
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Garage Spaces
5
Covered Spaces
5
Total Parking
5
Garage Spaces
5
Covered Spaces
5
Total Parking
5
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
100/100
vs Similar Homes
45% below
vs Market Median
1% above
Area Growth (YoY)
-0.8%
Deal Score Breakdown
100/100 · 1 qualifying signal
Priced 45% below the median of similar listings
Priced 1% above the per-subtype city median
STR net cashflow -$1,279/mo (-19.7% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
-0.8% 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.
Why this classification
Est. Annual Revenue
$89,359/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$1,279 /mo (−$15,351/yr)
Monthly STR income
Monthly ownership cost
Coverage
115%
Net /mo
−$1,279
DSCR
1.07
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
15
Available Providers
$570,000
+71% vs median
57 days
615
$184,000 – $7,995,000
$4,000
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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