557 1ST, Salt Lake City, UT 84103
2BD/—BA Residential in Salt Lake City, UT 84103. 992 sqft. Built 1912. Listed at $391,500. MLS #2165411.
2BD/—BA Residential in Salt Lake City, UT 84103. 992 sqft. Built 1912. Listed at $391,500. MLS #2165411.
Welcome to Unit 10 at the Dorius - one of the most iconic buildings in Salt Lake City's beloved Avenues neighborhood. Built in the early 1900s, this historic gem delivers the character, craftsmanship, and soul that simply can't be replicated in new construction. Original hardwood floors, exposed brick, and crown molding set the tone throughout. The spacious living room is anchored by a dramatic floor-to-ceiling brick fireplace and opens to a private covered balcony - your perfect perch for morning coffee or soaking in the Avenues. The dining room stuns with a bay window, soaring ceilings, and a statement chandelier that bridges the home's historic bones with modern style. The updated kitchen features knotty pine cabinetry, white quartz countertops, subway tile backsplash, stainless gas range, and dishwasher - all wrapped in gorgeous exposed brick. The primary bedroom is a serene retreat bathed in natural light. The updated full bath impresses with its charming vintage tilework. The second bedroom shines as a guest room, home office, or creative studio with its own dramatic exposed brick wall. Come see it for yourself. You won't want to leave. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Main Level
Stories
1
Subdivision
THE DORIUS
County
Salt Lake
Construction
Brick
Lot Size
0.01 sq ft
Above Grade Area
992 sq ft
Condition
Blt./Standing
MLS #
2165411
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Main Level
Stories
1
Subdivision
THE DORIUS
County
Salt Lake
Construction
Brick
Lot Size
0.01 sq ft
Above Grade Area
992 sq ft
Condition
Blt./Standing
MLS #
2165411
List Price
$391,500
HOA Fees
$617 / Monthly
Annual Taxes
$1,722
Home Warranty
No
List Price
$391,500
HOA Fees
$617 / Monthly
Annual Taxes
$1,722
Home Warranty
No
Heating
Steam
Cooling
Window Unit(s)
Flooring
Hardwood,Laminate,Tile
Basement
None
Materials
Brick
Appliances
Ceiling Fan,Microwave,Refrigerator
Laundry
Electric Dryer Hookup
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Heating
Steam
Cooling
Window Unit(s)
Flooring
Hardwood,Laminate,Tile
Basement
None
Materials
Brick
Appliances
Ceiling Fan,Microwave,Refrigerator
Laundry
Electric Dryer Hookup
Patio & Porch
Porch: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
View
Mountain(s)
Covered Spaces
1
Total Parking
1
Covered Spaces
1
Total Parking
1
Why this is a deal
Classification
Standard
Deal Score
65/100
vs Similar Homes
10% above
vs Market Median
10% below
Area Growth (YoY)
-1.5%
Deal Score Breakdown
65/100 · 1 qualifying signal
Priced 10% below the per-subtype city median
Priced 10% above the median of similar listings
-1.5% year-over-year ZHVI growth in this area
LT net cashflow -$1,860/mo (-57.3% return on ownership cost) · STR net cashflow -$1,985/mo (-61.1% 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
$1,577/mo
Range: $1,290 – $1,865
Net Monthly Cash Flow
−$1,860 /mo (−$22,317/yr)
Monthly rental income
Monthly ownership cost
Coverage
49%
Net /mo
−$1,860
DSCR
0.71
Est. Annual Revenue
$21,648/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$1,985 /mo (−$23,817/yr)
Monthly STR income
Monthly ownership cost
Coverage
56%
Net /mo
−$1,985
DSCR
0.64
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$587,500
-33% vs median
39 days
660
$175,000 – $7,995,000
$1,722
$617/monthly
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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