1860 500, Salt Lake City, UT 84116
1BD/—BA Residential in Salt Lake City, UT 84116. 670 sqft. Built 1995. Listed at $195,000. MLS #2159548.
1BD/—BA Residential in Salt Lake City, UT 84116. 670 sqft. Built 1995. Listed at $195,000. MLS #2159548.
Complete remodel- move-in ready and designed for easy living! This updated condo features new flooring, paint, cabinets, appliances, windows, light fixtures, sinks, tub/shower, toilet, and more. Enjoy secure building access, gated parking, and a covered carport space. This property offers unbeatable convenience with quick access to downtown Salt Lake City, freeways, and the airport. The HOA covers nearly everything except electricity, making ownership simple and affordable. Community amenities include a swimming pool, clubhouse, playground, and on-site laundry conveniently located just below the unit. Surrounded by shopping, dining, entertainment, parks, trails, skiing, and outdoor recreation, this location truly has it all. Whether you're searching for a great primary residence or an investment opportunity, this condo offers the perfect combination of comfort, convenience, and value.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Middle Level
Stories
1
Subdivision
WOODCREST
County
Salt Lake
Zoning
Multi-Family
Construction
Aluminum,Brick
Lot Size
0.01 sq ft
Above Grade Area
670 sq ft
Condition
Blt./Standing
MLS #
2159548
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Middle Level
Stories
1
Subdivision
WOODCREST
County
Salt Lake
Zoning
Multi-Family
Construction
Aluminum,Brick
Lot Size
0.01 sq ft
Above Grade Area
670 sq ft
Condition
Blt./Standing
MLS #
2159548
List Price
$195,000
HOA Fees
$226 / Monthly
Annual Taxes
$1,100
Home Warranty
No
List Price
$195,000
HOA Fees
$226 / Monthly
Annual Taxes
$1,100
Home Warranty
No
Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Laminate
Basement
None
Materials
Aluminum,Brick
Appliances
Ceiling Fan,Portable Dishwasher,Range Hood,Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Laminate
Basement
None
Materials
Aluminum,Brick
Appliances
Ceiling Fan,Portable Dishwasher,Range Hood,Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Covered Spaces
1
Total Parking
1
Covered Spaces
1
Total Parking
1
Why this is a deal
Classification
Great Deal (vs Market)
Deal Score
97/100
vs Similar Homes
9% below
vs Market Median
22% below
Area Growth (YoY)
4.2%
Deal Score Breakdown
97/100 · 2 qualifying signals
Priced 22% below the per-subtype city median
Priced 9% below the median of similar listings
4.2% year-over-year ZHVI growth in this area
LT net cashflow -$726/mo (-46.4% return on ownership cost) · STR net cashflow -$1,179/mo (-75.3% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
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
$953/mo
Range: $348 – $1,559
Net Monthly Cash Flow
−$726 /mo (−$8,709/yr)
Monthly rental income
Monthly ownership cost
Coverage
61%
Net /mo
−$726
DSCR
0.85
Est. Annual Revenue
$6,613/yr
$154/night · 54% occupancy · $58/bedroom · $0.09/sqft
Net Monthly Cash Flow
−$1,180 /mo (−$14,156/yr)
Monthly STR income
Monthly ownership cost
Coverage
35%
Net /mo
−$1,179
DSCR
0.39
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$575,000
-66% vs median
55 days
621
$184,000 – $7,995,000
$1,100
$226/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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