1326 500, Salt Lake City, UT 84105
32BD/—BA Residential in Salt Lake City, UT 84105. 33,169 sqft. Built 2025. Listed at $12,990,000. MLS #2163852.
32BD/—BA Residential in Salt Lake City, UT 84105. 33,169 sqft. Built 2025. Listed at $12,990,000. MLS #2163852.
Prime 34-Unit Multi-family building just a half-block from Liberty Park. Positioned just a half-block from Salt Lake City's iconic Liberty Park, this turnkey 32-unit multifamily building with two ground-floor commercial units represents a rare trophy asset in a historically low-vacancy submarket. Designed to command top-of-market rents and maximize investor NOI, the property features a premium amenity package that ensures high tenant retention. Residents enjoy a secure, heated underground parking garage-a massive competitive advantage during Utah winters-with full elevator access to all levels. The building boasts a private, expansive second-floor courtyard offering a quiet urban oasis, alongside a state-of-the-art secure entry system for ultimate peace of mind. The two high-visibility commercial spaces capitalizes on vibrant neighborhood foot traffic, offering a diversified, robust revenue stream. Combining an unbeatable A+ location with institutional-grade features-including the heated garage, elevator access, and premium security-this generational asset is a standout addition to any sophisticated portfolio. Turnkey investment. Financial package and pro-forma available upon request
Property Type
Residential
Property Style
> 4 Units
Architectural Style
High Rise
Subdivision
PARKVIEW
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Stone,Stucco
Lot Size
0.36 sq ft
Condition
Blt./Standing
MLS #
2163852
Property Type
Residential
Property Style
> 4 Units
Architectural Style
High Rise
Subdivision
PARKVIEW
County
Salt Lake
Zoning
Multi-Family
Construction
Brick,Stone,Stucco
Lot Size
0.36 sq ft
Condition
Blt./Standing
MLS #
2163852
List Price
$12,990,000
Original Price
$12,900,000
Annual Taxes
$27,222
Home Warranty
No
List Price
$12,990,000
Original Price
$12,900,000
Annual Taxes
$27,222
Home Warranty
No
Heating
Gas: Central,>= 95% efficiency
Roof
Flat,Membrane
Flooring
Tile
Materials
Brick,Stone,Stucco
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Gas: Central,>= 95% efficiency
Roof
Flat,Membrane
Flooring
Tile
Materials
Brick,Stone,Stucco
Patio & Porch
Covered
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Garage Spaces
35
Covered Spaces
35
Total Parking
35
Garage Spaces
35
Covered Spaces
35
Total Parking
35
Listing facts changed since this intelligence snapshot was scored.
Review the current MLS facts before relying on AVM-backed pricing or investment metrics.
Classification
Standard
Deal Score
10/100
vs Similar Homes
982% above
vs Market Median
91% above
Area Growth (YoY)
-1.4%
Deal Score Breakdown
10/100
LT net cashflow -$14,469/mo (-16.9% return on ownership cost) · STR net cashflow -$64,734/mo (-75.8% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 982% above the median of similar listings
Priced 91% above the per-subtype city median
-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.
Monthly Rent
$80,614/mo
Range: $59,885 – $101,343
Net Monthly Cash Flow
−$14,470 /mo (−$173,637/yr)
Monthly rental income
Monthly ownership cost
Coverage
94%
Net /mo
−$14,469
DSCR
1.08
Est. Annual Revenue
$354,433/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$64,736 /mo (−$776,828/yr)
Monthly STR income
Monthly ownership cost
Coverage
35%
Net /mo
−$64,734
DSCR
0.31
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
11
Available Providers
$580,150
+2139% vs median
47 days
664
$199,900 – $7,995,000
$27,222
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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