523 WILMINGTON, Salt Lake City, UT 84106
2BD/—BA Residential in Salt Lake City, UT 84106. 1,260 sqft. Built 1924. Listed at $464,900. MLS #2162908.
2BD/—BA Residential in Salt Lake City, UT 84106. 1,260 sqft. Built 1924. Listed at $464,900. MLS #2162908.
This charming fully remodeled cottage in the heart of Salt Lake City blends character, comfort, and thoughtful updates throughout. The bright and inviting floor plan feels amazing from the moment you walk in, with stylish finishes and a warm, welcoming atmosphere. Upstairs, the private primary suite creates a peaceful retreat, while the lower level provides additional usable living space with ceiling heights of approximately 6 feet. Outside, the property continues to impress with a pet friendly yard offering plenty of room to play, relax, or entertain. One of the standout features is the detached garage, which has been transformed into a beautifully finished yoga and workout studio complete with power, creating the perfect space for a home gym, office, studio, or hobby room. Conveniently located near Sugar House amenities, parks, shopping, dining, and commuter routes, this move in ready home offers a unique combination of charm, functionality, and lifestyle. VACANT & EASY TO SHOW
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
Subdivision
WILMINGTON
County
Salt Lake
Construction
Brick
Lot Size
0.08 sq ft
Above Grade Area
720 sq ft
Condition
Blt./Standing
MLS #
2162908
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
Subdivision
WILMINGTON
County
Salt Lake
Construction
Brick
Lot Size
0.08 sq ft
Above Grade Area
720 sq ft
Condition
Blt./Standing
MLS #
2162908
List Price
$464,900
Annual Taxes
$2,357
Home Warranty
No
List Price
$464,900
Annual Taxes
$2,357
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Partial
Materials
Brick
Appliances
Microwave,Refrigerator
Patio & Porch
Porch: Open,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Tile
Basement
Partial
Materials
Brick
Appliances
Microwave,Refrigerator
Patio & Porch
Porch: Open,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Covered Spaces
0
Total Parking
3
Covered Spaces
0
Total Parking
3
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
85/100
vs Similar Homes
18% below
vs Market Median
2% above
Area Growth (YoY)
0.5%
Deal Score Breakdown
85/100 · 1 qualifying signal
Priced 18% below the median of similar listings
Priced 2% above the per-subtype city median
LT net cashflow -$424/mo (-13.4% return on ownership cost) · STR net cashflow -$1,682/mo (-53.2% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
0.5% 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
$3,109/mo
Range: $2,054 – $4,163
Net Monthly Cash Flow
−$424 /mo (−$5,085/yr)
Monthly rental income
Monthly ownership cost
Coverage
98%
Net /mo
−$424
DSCR
1.17
Est. Annual Revenue
$25,332/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$1,682 /mo (−$20,181/yr)
Monthly STR income
Monthly ownership cost
Coverage
67%
Net /mo
−$1,682
DSCR
0.63
Elementary
Nibley ParkMiddle School
HillsideHigh School
HighlandSchool District
Salt Lake
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$580,000
-20% vs median
45 days
661
$195,000 – $7,995,000
$2,357
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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