613 700, Salt Lake City, UT 84102
2BD/—BA Residential in Salt Lake City, UT 84102. 1,398 sqft. Built 1924. Listed at $499,000. MLS #2164198.
2BD/—BA Residential in Salt Lake City, UT 84102. 1,398 sqft. Built 1924. Listed at $499,000. MLS #2164198.
Discover the perfect blend of classic charm and urban convenience in this inviting brick bungalow located in the heart of Salt Lake City. Featuring 2 bedrooms and 2 bathrooms, this home offers comfortable living spaces, timeless character, and excellent investment potential. Enjoy an unbeatable location just moments from Liberty Park, Whole Foods, and the TRAX light rail system, making it easy to enjoy everything the city has to offer. The functional floor plan provides flexibility for homeowners and investors alike, while generous off-street parking adds convenience rarely found in this sought-after neighborhood. Whether you're looking for a primary residence, rental property, or future investment, this centrally located bungalow presents an exceptional opportunity.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
County
Salt Lake
Zoning
Single-Family
Construction
Brick
Lot Size
0.09 sq ft
Above Grade Area
950 sq ft
Condition
Blt./Standing
MLS #
2164198
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
County
Salt Lake
Zoning
Single-Family
Construction
Brick
Lot Size
0.09 sq ft
Above Grade Area
950 sq ft
Condition
Blt./Standing
MLS #
2164198
List Price
$499,000
Annual Taxes
$2,375
Home Warranty
No
List Price
$499,000
Annual Taxes
$2,375
Home Warranty
No
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Evaporative Cooling
Roof
Asphalt
Flooring
Carpet,Laminate,Tile
Basement
Partial,Shelf
Materials
Brick
Appliances
Dryer,Freezer,Microwave,Refrigerator,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Forced Air,Gas: Central,>= 95% efficiency
Cooling
Evaporative Cooling
Roof
Asphalt
Flooring
Carpet,Laminate,Tile
Basement
Partial,Shelf
Materials
Brick
Appliances
Dryer,Freezer,Microwave,Refrigerator,Washer,Water Softener Owned
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Covered Spaces
0
Total Parking
3
Covered Spaces
0
Total Parking
3
Why this is a deal
Classification
Exceptional DealDeal Score
100/100
vs Similar Homes
25% below
vs Market Median
14% below
Area Growth (YoY)
-1.2%
Deal Score Breakdown
100/100 · 2 qualifying signals
Priced 25% below the median of similar listings
Priced 14% below the per-subtype city median
-1.2% year-over-year ZHVI growth in this area
LT net cashflow -$1,089/mo (-32.2% return on ownership cost) · STR net cashflow -$1,806/mo (-53.5% 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
$2,601/mo
Range: $1,734 – $3,468
Net Monthly Cash Flow
−$1,090 /mo (−$13,075/yr)
Monthly rental income
Monthly ownership cost
Coverage
77%
Net /mo
−$1,089
DSCR
0.91
Est. Annual Revenue
$26,962/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$1,806 /mo (−$21,669/yr)
Monthly STR income
Monthly ownership cost
Coverage
67%
Net /mo
−$1,806
DSCR
0.63
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$580,000
-14% vs median
45 days
661
$195,000 – $7,995,000
$2,375
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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