550 400, Salt Lake City, UT 84111
2BD/—BA Residential in Salt Lake City, UT 84111. 968 sqft. Built 1983. Listed at $345,000. MLS #2165980.
2BD/—BA Residential in Salt Lake City, UT 84111. 968 sqft. Built 1983. Listed at $345,000. MLS #2165980.
Experience downtown living at its best in this beautifully updated condo located in the heart of Salt Lake City. Featuring brand-new interior paint, bamboo flooring, and tile throughout, this spacious unit offers a clean, modern feel with comfortable living spaces. The upgraded kitchen showcases granite countertops, stainless steel appliances, and ample storage, while matching granite finishes in the primary bathroom add a touch of luxury. Enjoy the convenience of secure condominium living with access to community amenities and a location that's hard to beat. Just minutes from downtown Salt Lake City, this home is ideal for professionals seeking a walkable lifestyle with easy access to major employers, dining, shopping, entertainment, TRAX, and cultural attractions. Whether you're commuting to work, meeting friends for dinner, or exploring the city, everything you need is right outside your door. Don't miss this opportunity to own a move-in-ready home in one of Salt Lake City's most convenient urban locations.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Main Level
Stories
1
Subdivision
TOWNE PARK
County
Salt Lake
Zoning
Single-Family
Construction
Brick,Stucco
Lot Size
0.01 sq ft
Above Grade Area
968 sq ft
Condition
Blt./Standing
MLS #
2165980
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; Main Level
Stories
1
Subdivision
TOWNE PARK
County
Salt Lake
Zoning
Single-Family
Construction
Brick,Stucco
Lot Size
0.01 sq ft
Above Grade Area
968 sq ft
Condition
Blt./Standing
MLS #
2165980
List Price
$345,000
HOA Fees
$630 / Monthly
Annual Taxes
$1,607
Home Warranty
No
List Price
$345,000
HOA Fees
$630 / Monthly
Annual Taxes
$1,607
Home Warranty
No
Heating
Heat Pump
Cooling
Heat Pump
Roof
Rubber
Flooring
Hardwood,Tile,Bamboo
Basement
None
Materials
Brick,Stucco
Appliances
Dryer,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Heat Pump
Cooling
Heat Pump
Roof
Rubber
Flooring
Hardwood,Tile,Bamboo
Basement
None
Materials
Brick,Stucco
Appliances
Dryer,Refrigerator,Washer
Laundry
Electric Dryer Hookup
Water Source
Culinary
Sewer
Sewer: Connected
Garage Spaces
1
Covered Spaces
1
Total Parking
1
Garage Spaces
1
Covered Spaces
1
Total Parking
1
Classification
Standard
Deal Score
30/100
vs Similar Homes
15% above
vs Market Median
1% above
Area Growth (YoY)
-1.2%
Deal Score Breakdown
30/100
Priced 1% above the per-subtype city median
LT net cashflow -$665/mo (-22.5% return on ownership cost) · STR net cashflow -$1,711/mo (-57.9% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 15% above the median of similar listings
-1.2% 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
$2,603/mo
Range: $1,474 – $3,732
Net Monthly Cash Flow
−$665 /mo (−$7,977/yr)
Monthly rental income
Monthly ownership cost
Coverage
88%
Net /mo
−$665
DSCR
1.32
Est. Annual Revenue
$21,333/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$1,712 /mo (−$20,544/yr)
Monthly STR income
Monthly ownership cost
Coverage
60%
Net /mo
−$1,711
DSCR
0.72
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$587,500
-41% vs median
39 days
660
$175,000 – $7,995,000
$1,607
$630/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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