1032 400, Salt Lake City, UT 84102
1BD/—BA Residential in Salt Lake City, UT 84102. 800 sqft. Built 2024. Listed at $325,000. MLS #2159928.
1BD/—BA Residential in Salt Lake City, UT 84102. 800 sqft. Built 2024. Listed at $325,000. MLS #2159928.
This exquisite top-floor, penthouse, brand-new construction condo has incredible views of the city. It features an open-concept living and kitchen area, a spacious bedroom with a walk-in closet, a full bathroom with tub and shower and ample vanity space, and a private balcony with stunning views. The building was rebuilt after a fire and includes new framing, drywall, and paint; seismic, structural, and foundational reinforcements; upgraded sewer and water infrastructure; new plumbing, electrical, and hvac; new roof; building-wide sound deadening; fire suppression and alarm system; upgraded fire separation in attic, walls, and floors; emergency backup generator; digital thermostats; trex patio decks; and more. Enjoy upgraded amenities such as a pool, hot tub, sauna, automated package pickup lockers, fitness center, grassy outdoor area, barbecue area, on-site laundry room, and more, all with low HOA fees! This is a controlled-access building with an onsite property manager, and the unit includes one covered parking space. It's one-level living at its finest! This prime location is near the University of Utah, public transportation, hiking and biking trails, restaurants, shopping, downtown, world-class skiing, and more. There is no rental cap or waiting line on long-term rentals. This is definitely one you don't want to miss! Additional storage may be available for a monthly fee. No pets. No smoking. Google Fiber. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement. Seller is doing a 1031 exchange.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Top Level
Stories
1
Subdivision
INCLINE TERRACE
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Composition
Lot Size
0.01 sq ft
Above Grade Area
800 sq ft
Condition
Blt./Standing
MLS #
2159928
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Top Level
Stories
1
Subdivision
INCLINE TERRACE
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Composition
Lot Size
0.01 sq ft
Above Grade Area
800 sq ft
Condition
Blt./Standing
MLS #
2159928
List Price
$325,000
HOA Fees
$220 / Monthly
Annual Taxes
$1,010
Home Warranty
No
List Price
$325,000
HOA Fees
$220 / Monthly
Annual Taxes
$1,010
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt,Membrane
Flooring
Carpet
Basement
None
Materials
Brick,Composition
Appliances
Ceiling Fan,Microwave,Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt,Membrane
Flooring
Carpet
Basement
None
Materials
Brick,Composition
Appliances
Ceiling Fan,Microwave,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 Similar)
Deal Score
75/100
vs Similar Homes
15% below
vs Market Median
1% below
Area Growth (YoY)
-0.8%
Deal Score Breakdown
75/100 · 1 qualifying signal
Priced 15% below the median of similar listings
Priced 1% below the per-subtype city median
-0.8% year-over-year ZHVI growth in this area
LT net cashflow -$1,313/mo (-55.1% return on ownership cost) · STR net cashflow -$1,521/mo (-63.8% 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
$1,216/mo
Range: $736 – $1,696
Net Monthly Cash Flow
−$1,313 /mo (−$15,751/yr)
Monthly rental income
Monthly ownership cost
Coverage
51%
Net /mo
−$1,313
DSCR
0.65
Est. Annual Revenue
$14,768/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$1,522 /mo (−$18,263/yr)
Monthly STR income
Monthly ownership cost
Coverage
52%
Net /mo
−$1,521
DSCR
0.52
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
11
Available Providers
$575,000
-43% vs median
55 days
621
$184,000 – $7,995,000
$1,010
$220/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.
Select agents you’d like to hear from. They’ll be notified of your interest — your contact details stay private until you choose to respond.

Salt Lake City Real Estate Broker Focused on Pricing, Positioning, and Results

Daryn Edmunds - High Road Properties

Devin Tanner - Utah Realtor
Your inquiry goes to the listing agent.
Fast Response
Typically within 2 hours during business hours
Built with AI to help you find your perfect home
Powered by AI • Secured by Supabase • Trusted by Agents