823 900, Salt Lake City, UT 84102
5BD/—BA Residential in Salt Lake City, UT 84102. 3,000 sqft. Built 1896. Listed at $1,263,000. MLS #2162050.
5BD/—BA Residential in Salt Lake City, UT 84102. 3,000 sqft. Built 1896. Listed at $1,263,000. MLS #2162050.
This rare dual-residence property offers a compelling blend of historic charm, modern infrastructure, and income-generating potential, all on one thoughtfully improved parcel. At the heart of the opportunity is a fully permitted, detached 2-bedroom, 2-bath accessory dwelling unit (ADU), a newly constructed, low-maintenance living space designed with both flexibility and quality in mind. With its own private entrance and modern layout, the ADU is ideally suited as a long- or short-term rental, in-law residence, guest retreat, or executive housing, offering immediate utility and ongoing income potential. Opportunities like this, where a newly built, fully permitted detached residence is paired with an upgraded primary home, are increasingly rare and highly sought after in today's market. The primary home, a character-rich Victorian, has been proactively upgraded where it matters most. During ownership, significant investments were made to modernize and stabilize core systems, providing peace of mind rarely found in homes of this era. Improvements include: Sewer line excavation and system upgrades, addressing one of the most critical infrastructure components Plumbing repairs and updates, including resolution of prior issues Electrical system improvements to address legacy conditions Permitted work completed with the city, ensuring transparency and long-term confidence In addition, the property has benefited from energy efficiency enhancements and professionally executed landscaping improvements, including irrigation and city-compliant park strip upgrades, further enhancing both functionality and curb appeal. The result is a property that offers the best of both worlds: the architectural character and warmth of a historic home, paired with the infrastructure reliability and income potential typically found in newer construction. Whether you're seeking a primary residence with built-in income, a multigenerational living solution, or a strategic investment with immediate cash flow capability, this property delivers a rare and highly versatile opportunity.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
4
Subdivision
WOODMANSEE SUB
County
Salt Lake
Zoning
Single-Family
Construction
Aluminum,Brick
Lot Size
0.13 sq ft
Above Grade Area
2,700 sq ft
Condition
Blt./Standing
MLS #
2162050
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
4
Subdivision
WOODMANSEE SUB
County
Salt Lake
Zoning
Single-Family
Construction
Aluminum,Brick
Lot Size
0.13 sq ft
Above Grade Area
2,700 sq ft
Condition
Blt./Standing
MLS #
2162050
List Price
$1,263,000
Original Price
$1,288,000
Annual Taxes
$3,812
Home Warranty
No
List Price
$1,263,000
Original Price
$1,288,000
Annual Taxes
$3,812
Home Warranty
No
Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Partial
Materials
Aluminum,Brick
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Partial
Materials
Aluminum,Brick
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Classification
Standard
Deal Score
50/100
vs Similar Homes
5% below
vs Market Median
31% above
Price Reduced
1.9%
Area Growth (YoY)
-1.2%
Deal Score Breakdown
50/100
Priced 5% below the median of similar listings
2% price reduction from original list — seller may be motivated
Priced 31% above the per-subtype city median
-1.2% year-over-year ZHVI growth in this area
LT net cashflow -$2,097/mo (-25.1% return on ownership cost) · STR net cashflow -$4,781/mo (-57.1% 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.
Monthly Rent
$7,126/mo
Range: $2,746 – $11,505
Net Monthly Cash Flow
−$2,097 /mo (−$25,166/yr)
Monthly rental income
Monthly ownership cost
Coverage
85%
Net /mo
−$2,097
DSCR
0.98
Est. Annual Revenue
$61,502/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$4,781 /mo (−$57,372/yr)
Monthly STR income
Monthly ownership cost
Coverage
61%
Net /mo
−$4,781
DSCR
0.56
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$580,000
+118% vs median
45 days
661
$195,000 – $7,995,000
$3,812
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

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