537 DARWIN, Salt Lake City, UT 84103
4BD/—BA Residential in Salt Lake City, UT 84103. 2,442 sqft. Built 1911. Listed at $800,000. MLS #2163708.
4BD/—BA Residential in Salt Lake City, UT 84103. 2,442 sqft. Built 1911. Listed at $800,000. MLS #2163708.
Rare opportunity to own a versatile duplex in Salt Lake City's vibrant Marmalade/Capitol Hill neighborhood, just minutes from downtown with easy access to nearby hiking and biking trails. With separate gas and electrical meters, this property offers flexibility for both investors and owner-occupants looking to offset expenses with rental income. Ideal setup for an owner-occupant to live comfortably in one unit while generating income from the other. The larger main-level unit features inviting living and dining spaces, 3 bedrooms, and 2.5 bathrooms. Two bedrooms and 1.5 baths are located on the main floor, while a spiral staircase leads to the lower level with an additional bedroom, full bath, laundry, and generous storage areas. Sliding glass doors open directly to the enclosed backyard and patio. The upstairs unit was recently renovated and enjoys valley views from a private deck. Major system upgrades include a 3.15kW solar system, central ducted mini-split heating and cooling upstairs, newer central HVAC downstairs, updated electrical, separate water heaters, and upgraded windows throughout much of the property. Attached one-car garage. Photographs included in the listing contain virtually staging of furniture and otherdecorand are intended forillustrative purposes only.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
MARMELADE/CAPITOL HILL
County
Salt Lake
Zoning
Single-Family, Multi-Family
Construction
Stucco
Lot Size
0.09 sq ft
Above Grade Area
1,808 sq ft
Condition
Blt./Standing
MLS #
2163708
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Stories: 2
Stories
3
Subdivision
MARMELADE/CAPITOL HILL
County
Salt Lake
Zoning
Single-Family, Multi-Family
Construction
Stucco
Lot Size
0.09 sq ft
Above Grade Area
1,808 sq ft
Condition
Blt./Standing
MLS #
2163708
List Price
$800,000
Original Price
$825,000
Annual Taxes
$4,382
Home Warranty
No
List Price
$800,000
Original Price
$825,000
Annual Taxes
$4,382
Home Warranty
No
Heating
Electric,Forced Air,Gas: Central,Active Solar
Cooling
Central Air,Active Solar
Roof
Composition
Flooring
Carpet,Hardwood,Laminate,Vinyl
Basement
Daylight,Walk-Out Access
Materials
Stucco
Laundry
Electric Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Lake,Valley
Heating
Electric,Forced Air,Gas: Central,Active Solar
Cooling
Central Air,Active Solar
Roof
Composition
Flooring
Carpet,Hardwood,Laminate,Vinyl
Basement
Daylight,Walk-Out Access
Materials
Stucco
Laundry
Electric Dryer Hookup
Patio & Porch
Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Lake,Valley
Garage Spaces
1
Covered Spaces
1
Total Parking
1
Garage Spaces
1
Covered Spaces
1
Total Parking
1
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
75/100
vs Similar Homes
11% below
vs Market Median
3% above
Price Reduced
3.0%
Area Growth (YoY)
-0.9%
Deal Score Breakdown
75/100 · 1 qualifying signal
Priced 11% below the median of similar listings
3% price reduction from original list — seller may be motivated
LT net cashflow -$483/mo (-8.8% return on ownership cost) · STR net cashflow -$2,564/mo (-46.9% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 3% above the per-subtype city median
-0.9% year-over-year ZHVI growth in this area
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
$5,661/mo
Range: $4,010 – $7,312
Net Monthly Cash Flow
−$482 /mo (−$5,789/yr)
Monthly rental income
Monthly ownership cost
Coverage
104%
Net /mo
−$483
DSCR
1.24
Est. Annual Revenue
$49,717/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$2,564 /mo (−$30,772/yr)
Monthly STR income
Monthly ownership cost
Coverage
76%
Net /mo
−$2,564
DSCR
0.72
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$580,000
+38% vs median
45 days
661
$195,000 – $7,995,000
$4,382
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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Devin Tanner - Utah Realtor
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