259 BISHOP, Salt Lake City, UT 84103
2BD/—BA Residential in Salt Lake City, UT 84103. 1,234 sqft. Built 2026. Listed at $549,900. MLS #2166014.
2BD/—BA Residential in Salt Lake City, UT 84103. 1,234 sqft. Built 2026. Listed at $549,900. MLS #2166014.
Location! Location! Location! Plus, up to $35,000 in savings available in this community! Experience the best of city living at Bishop Place, nestled in the heart of Salt Lake City's historic Marmalade District. Here, you're not just buying a home-you're becoming part of one of the city's most vibrant, walkable neighborhoods. Start your mornings with coffee from a local caf, stroll half a block to the Marmalade Library, or hop on an electric bike or scooter to explore everything downtown has to offer. Walk to the Delta Center for Jazz or NHL games, browse the Pioneer Park Farmers Market, or take advantage of the nearby TRAX system for effortless transportation. Within minutes, you'll be shopping at City Creek Center, meeting friends at The Gateway, or enjoying the beauty of Temple Square. With freeway access less than a minute away, Salt Lake City International Airport just 10 minutes from home, the University of Utah only 15 minutes away, and world-class skiing at Park City, Alta, or Snowbasin within 45 minutes, adventure is always within easy reach. The home itself is every bit as impressive as the location. Built to the U.S. Department of Energy's Zero Energy Ready standard, it offers exceptional energy efficiency, healthier indoor air quality, abundant natural light, and lower monthly utility costs. Premium features including Solar-E windows, advanced insulation, smart thermostats, EV charging outlets, and an energy-efficient hot water recirculation system deliver year-round comfort and sustainability. Inside, you'll find a thoughtfully designed open floor plan with quartz countertops, timeless tile finishes, durable luxury flooring, and a private garage-creating a space that's equally suited for entertaining, relaxing, or simply enjoying everyday life. Come experience a home-and a neighborhood-you'll love coming back to every day. Schedule your private tour today.
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-mid
Stories
2
Subdivision
BISHOP PLACE
County
Salt Lake
Lot Size
0.01 sq ft
Above Grade Area
1,234 sq ft
Condition
Blt./Standing
MLS #
2166014
Property Type
Residential
Property Style
Townhouse
Architectural Style
Townhouse; Row-mid
Stories
2
Subdivision
BISHOP PLACE
County
Salt Lake
Lot Size
0.01 sq ft
Above Grade Area
1,234 sq ft
Condition
Blt./Standing
MLS #
2166014
List Price
$549,900
Original Price
$590,412
HOA Fees
$220 / Monthly
Home Warranty
Yes
List Price
$549,900
Original Price
$590,412
HOA Fees
$220 / Monthly
Home Warranty
Yes
Heating
Heat Pump,>= 95% efficiency
Cooling
Central Air,Heat Pump
Flooring
Carpet,Laminate,Tile
Basement
None
Sewer
Sewer: Connected
Heating
Heat Pump,>= 95% efficiency
Cooling
Central Air,Heat Pump
Flooring
Carpet,Laminate,Tile
Basement
None
Sewer
Sewer: Connected
Garage Spaces
1
Covered Spaces
1
Total Parking
1
Garage Spaces
1
Covered Spaces
1
Total Parking
1
Why this is a deal
Classification
Standard
Deal Score
60/100
vs Similar Homes
6% above
vs Market Median
2% above
Price Reduced
6.9%
Area Growth (YoY)
-0.9%
Deal Score Breakdown
60/100 · 1 qualifying signal
7% price reduction from original list — seller may be motivated
Priced 2% above the per-subtype city median
Priced 6% above the median of similar listings
-0.9% year-over-year ZHVI growth in this area
LT net cashflow -$1,854/mo (-49.9% return on ownership cost) · STR net cashflow -$2,274/mo (-61.2% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
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
$2,114/mo
Range: $1,452 – $2,776
Net Monthly Cash Flow
−$1,854 /mo (−$22,243/yr)
Monthly rental income
Monthly ownership cost
Coverage
57%
Net /mo
−$1,854
DSCR
0.67
Est. Annual Revenue
$24,678/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$2,274 /mo (−$27,289/yr)
Monthly STR income
Monthly ownership cost
Coverage
55%
Net /mo
−$2,274
DSCR
0.52
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$587,500
-6% vs median
39 days
660
$175,000 – $7,995,000
$220/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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