29 STATE, Salt Lake City, UT 84111
2BD/—BA Residential in Salt Lake City, UT 84111. 912 sqft. Built 1919. Listed at $389,000. MLS #2156015.
2BD/—BA Residential in Salt Lake City, UT 84111. 912 sqft. Built 1919. Listed at $389,000. MLS #2156015.
Rare opportunity in the historic Belvedere! Spacious ~912 sq ft 2 bed, 2 bath combined unit with potential to convert back into 2 units (buyer to verify). Great layout with high ceilings, south-facing light, hardwood floors, vintage Art Deco character, and a spacious open kitchen/living area with mountain glimpses to the east. Unique blend of historic charm and modern functionality in one of downtown SLC's most iconic buildings. Walk to City Creek, TRAX, dining, and downtown amenities. HOA includes gas, water, sewer, garbage, WiFi, and building maintenance.
Property Type
Residential
Property Style
Condominium
Stories
1
Subdivision
BELVEDERE CONDOMINIUMS
County
Salt Lake
Construction
Brick
Lot Size
0.01 sq ft
Above Grade Area
912 sq ft
Condition
Blt./Standing
MLS #
2156015
Property Type
Residential
Property Style
Condominium
Stories
1
Subdivision
BELVEDERE CONDOMINIUMS
County
Salt Lake
Construction
Brick
Lot Size
0.01 sq ft
Above Grade Area
912 sq ft
Condition
Blt./Standing
MLS #
2156015
List Price
$389,000
Original Price
$419,000
HOA Fees
$522 / Monthly
Annual Taxes
$2,319
Home Warranty
No
List Price
$389,000
Original Price
$419,000
HOA Fees
$522 / Monthly
Annual Taxes
$2,319
Home Warranty
No
Heating
Hydronic
Cooling
Window Unit(s)
Flooring
Hardwood,Tile
Basement
None
Materials
Brick
Appliances
Ceiling Fan,Range Hood,Refrigerator
Water Source
Culinary
Heating
Hydronic
Cooling
Window Unit(s)
Flooring
Hardwood,Tile
Basement
None
Materials
Brick
Appliances
Ceiling Fan,Range Hood,Refrigerator
Water Source
Culinary
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Classification
Standard
Deal Score
50/100
vs Similar Homes
44% above
vs Market Median
5% below
Price Reduced
4.8%
Area Growth (YoY)
0.1%
Deal Score Breakdown
50/100
Priced 5% below the per-subtype city median
5% price reduction from original list — seller may be motivated
Priced 44% above the median of similar listings
0.1% year-over-year ZHVI growth in this area
LT net cashflow -$1,462/mo (-45.2% return on ownership cost) · STR net cashflow -$2,006/mo (-62.0% 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
$2,016/mo
Range: $941 – $3,090
Net Monthly Cash Flow
−$1,462 /mo (−$17,538/yr)
Monthly rental income
Monthly ownership cost
Coverage
62%
Net /mo
−$1,462
DSCR
0.89
Est. Annual Revenue
$21,080/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$2,006 /mo (−$24,070/yr)
Monthly STR income
Monthly ownership cost
Coverage
54%
Net /mo
−$2,006
DSCR
0.62
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$570,000
-32% vs median
57 days
615
$184,000 – $7,995,000
$2,319
$522/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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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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