201 I, Salt Lake City, UT 84103
6BD/—BA Residential in Salt Lake City, UT 84103. 4,272 sqft. Built 1940. Listed at $1,186,000. MLS #2164454.
6BD/—BA Residential in Salt Lake City, UT 84103. 4,272 sqft. Built 1940. Listed at $1,186,000. MLS #2164454.
Rare opportunity to own a well-maintained 5-Plex in Salt Lake City's desirable Avenues neighborhood. Just minutes from downtown, the University of Utah, hospitals, restaurants, shopping, and public transit, this property is ideally located for tenants who want to be close to work, school, and everything the city has to offer. The property has seen major updates, including new plumbing throughout, along with other improvements that help reduce maintenance and keep the units attractive to renters. Its strong location has contributed to consistent tenant demand and low vacancy over the years. The Avenues continues to be one of Salt Lake City's most sought-after neighborhoods, making this an excellent opportunity for investors looking for a solid income-producing property with long-term upside. **Please do not disturb tenants. Showings require advance notice, and access to all units may not be available until an offer has been accepted. Buyer to verify all information, including square footage.
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Five-Plex
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.08 sq ft
Condition
Blt./Standing
MLS #
2164454
Property Type
Residential
Property Style
> 4 Units
Architectural Style
Five-Plex
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.08 sq ft
Condition
Blt./Standing
MLS #
2164454
List Price
$1,186,000
Original Price
$1,249,000
Annual Taxes
$5,735
Home Warranty
No
List Price
$1,186,000
Original Price
$1,249,000
Annual Taxes
$5,735
Home Warranty
No
Heating
Wall Furnace
Roof
Membrane
Flooring
Hardwood,Tile
Materials
Brick
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Wall Furnace
Roof
Membrane
Flooring
Hardwood,Tile
Materials
Brick
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Why this is a deal
Classification
Great Deal (vs Similar)
Deal Score
100/100
vs Similar Homes
25% below
vs Market Median
30% above
Price Reduced
5.0%
Area Growth (YoY)
-1.5%
Deal Score Breakdown
100/100 · 3 qualifying signals
Priced 25% below the median of similar listings
LT net cashflow +$1,124/mo (+14.0% return on ownership cost) · STR net cashflow -$4,281/mo (-53.4% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
5% price reduction from original list — seller may be motivated
Priced 30% above the per-subtype city median
-1.5% 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
$10,383/mo
Range: $8,247 – $12,519
Net Monthly Cash Flow
+$1,124 /mo (+$13,492/yr)
Monthly rental income
Monthly ownership cost
Coverage
130%
Net /mo
+$1,124
DSCR
1.53
Est. Annual Revenue
$63,968/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$4,282 /mo (−$51,384/yr)
Monthly STR income
Monthly ownership cost
Coverage
67%
Net /mo
−$4,281
DSCR
0.63
Best Download
8 Gbps
Best Upload
8 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$587,500
+102% vs median
39 days
660
$175,000 – $7,995,000
$5,735
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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