1631 500, Salt Lake City, UT 84105
4BD/—BA Residential in Salt Lake City, UT 84105. 2,532 sqft. Built 1902. Listed at $814,900. MLS #2160172.
4BD/—BA Residential in Salt Lake City, UT 84105. 2,532 sqft. Built 1902. Listed at $814,900. MLS #2160172.
IMPROVED PRICE! AGENTS - SEE REMARKS & SHOWING INSTRUCTIONS! Step into the timeless character of this beautiful turn-of-the-century property, now featuring a brand-new roof just completed on Memorial Day weekend! This legal non-conforming fourplex is ideally situated just blocks from Liberty Park, offering exceptional access to downtown, freeway connections, dining, shopping, and everyday conveniences. All four units boast an outstanding rental history, with virtually no vacancy over the past 10+ years - a rare investment opportunity in a highly desirable location. The property includes a large detached garage with additional storage space and added income potential, and there is a ton of parking both at the back of the home and also the area adjacent to the backyard. Photos and video walk-throughs are available in the attached property measurement report, please submit offers subject to inspection and contact agent for current showing information. Three units are tenant occupied and may be shown upon receipt of an accepted offer. Contact agent for additional details. Square footage figures are provided as a courtesy estimate only and were obtained from an appraiser measurement completed in May 2026. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Quadruplex
Subdivision
PARK
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Stucco
Lot Size
0.2 sq ft
Condition
Blt./Standing
MLS #
2160172
Property Type
Residential
Property Style
Quadruplex
Subdivision
PARK
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Stucco
Lot Size
0.2 sq ft
Condition
Blt./Standing
MLS #
2160172
List Price
$814,900
Annual Taxes
$2,753
Home Warranty
No
List Price
$814,900
Annual Taxes
$2,753
Home Warranty
No
Heating
Gas: Central
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile,Vinyl
Materials
Brick,Stucco
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Gas: Central
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile,Vinyl
Materials
Brick,Stucco
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Garage Spaces
2
Covered Spaces
2
Total Parking
10
Garage Spaces
2
Covered Spaces
2
Total Parking
10
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
85/100
vs Similar Homes
18% below
vs Market Median
9% above
Area Growth (YoY)
-1.4%
Deal Score Breakdown
85/100 · 1 qualifying signal
Priced 18% below the median of similar listings
Priced 9% above the per-subtype city median
LT net cashflow -$701/mo (-13.0% return on ownership cost) · STR net cashflow -$2,483/mo (-45.9% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
-1.4% 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
Monthly Rent
$5,347/mo
Range: $4,250 – $6,444
Net Monthly Cash Flow
−$702 /mo (−$8,419/yr)
Monthly rental income
Monthly ownership cost
Coverage
99%
Net /mo
−$701
DSCR
1.15
Est. Annual Revenue
$50,120/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$2,484 /mo (−$29,807/yr)
Monthly STR income
Monthly ownership cost
Coverage
77%
Net /mo
−$2,483
DSCR
0.71
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$585,000
+39% vs median
39 days
659
$175,000 – $7,995,000
$2,753
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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