1032 400, Salt Lake City, UT 84102
1BD/—BA Residential in Salt Lake City, UT 84102. 800 sqft. Built 2025. Listed at $299,000. MLS #2162318.
1BD/—BA Residential in Salt Lake City, UT 84102. 800 sqft. Built 2025. Listed at $299,000. MLS #2162318.
Brand-new for 2026 and ready to work for you. This 1-bed, 1-bath, top-floor condo at Incline Terrace is the kind of place that checks every box - whether you're settling in or building your portfolio. Live here, and get the good life: a pool and spa to unwind, a workout room steps from your door, and secure parcel storage so your deliveries are handled. Everything's brand new, so there's nothing to fix and nothing to fuss over - just move in and enjoy. Investors, take note: it's rentable, and the location does the heavy lifting. Three blocks from Rice-Eccles Stadium and the University of Utah means built-in demand from a steady stream of professionals, grad students, and university affiliates looking for exactly this. Low-maintenance new construction plus a location people actually want to live in! New building. Prime location. Income potential. Come take a look.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Top Level
Stories
1
County
Salt Lake
Zoning
Multi-Family
Construction
Other
Lot Size
0.01 sq ft
Above Grade Area
800 sq ft
Condition
Blt./Standing
MLS #
2162318
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Top Level
Stories
1
County
Salt Lake
Zoning
Multi-Family
Construction
Other
Lot Size
0.01 sq ft
Above Grade Area
800 sq ft
Condition
Blt./Standing
MLS #
2162318
List Price
$299,000
HOA Fees
$220 / Monthly
Annual Taxes
$1,743
Home Warranty
No
List Price
$299,000
HOA Fees
$220 / Monthly
Annual Taxes
$1,743
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Tile
Basement
None
Materials
Other
Appliances
Microwave,Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Tile
Basement
None
Materials
Other
Appliances
Microwave,Refrigerator
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Covered Spaces
0
Total Parking
1
Covered Spaces
0
Total Parking
1
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
95/100
vs Similar Homes
20% below
vs Market Median
2% below
Area Growth (YoY)
-1.2%
Deal Score Breakdown
95/100 · 1 qualifying signal
Priced 20% below the median of similar listings
Priced 2% below the per-subtype city median
-1.2% year-over-year ZHVI growth in this area
LT net cashflow -$955/mo (-42.2% return on ownership cost) · STR net cashflow -$1,424/mo (-62.9% 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
$1,488/mo
Range: $848 – $2,128
Net Monthly Cash Flow
−$956 /mo (−$11,470/yr)
Monthly rental income
Monthly ownership cost
Coverage
66%
Net /mo
−$955
DSCR
0.87
Est. Annual Revenue
$14,420/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$1,423 /mo (−$17,078/yr)
Monthly STR income
Monthly ownership cost
Coverage
53%
Net /mo
−$1,424
DSCR
0.56
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
11
Available Providers
$587,500
-49% vs median
39 days
660
$175,000 – $7,995,000
$1,743
$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.
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