29 STATE, Salt Lake City, UT 84111
1BD/—BA Residential in Salt Lake City, UT 84111. 618 sqft. Built 1919. Listed at $290,000. MLS #2169660.
1BD/—BA Residential in Salt Lake City, UT 84111. 618 sqft. Built 1919. Listed at $290,000. MLS #2169660.
Welcome to The Belvedere, a historic downtown Salt Lake City landmark where timeless character meets modern convenience. This charming 1-bedroom, 1-bath corner condo offers an open, light-filled layout with large windows, generous storage, and an inviting living space. Enjoy secure building access and an unbeatable location just steps from City Creek Center, Harmons Grocery, TRAX, restaurants, shopping, entertainment, and the University of Utah. The HOA covers nearly all utilities except electricity, making for easy, low-maintenance living. Whether you're looking for your first home, a downtown retreat, or an investment in one of Salt Lake City's most iconic buildings, this condo offers exceptional value in the heart of the city. Covered parking is available for rent nearby.
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; High Rise
Stories
1
Subdivision
THE BELVEDERE
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.01 sq ft
Above Grade Area
618 sq ft
Condition
Blt./Standing
MLS #
2169660
Property Type
Residential
Property Style
Condominium
Architectural Style
Condo; High Rise
Stories
1
Subdivision
THE BELVEDERE
County
Salt Lake
Zoning
Multi-Family
Construction
Brick
Lot Size
0.01 sq ft
Above Grade Area
618 sq ft
Condition
Blt./Standing
MLS #
2169660
List Price
$290,000
HOA Fees
$337 / Monthly
Annual Taxes
$1,353
Home Warranty
No
List Price
$290,000
HOA Fees
$337 / Monthly
Annual Taxes
$1,353
Home Warranty
No
Heating
Steam
Cooling
Window Unit(s)
Roof
Composition
Flooring
Hardwood,Tile
Basement
None
Materials
Brick
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Steam
Cooling
Window Unit(s)
Roof
Composition
Flooring
Hardwood,Tile
Basement
None
Materials
Brick
Water Source
Culinary
Sewer
Sewer: Connected
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
Why this is a deal
Classification
Standard
Deal Score
65/100
vs Similar Homes
6% below
vs Market Median
2% above
Area Growth (YoY)
-0.9%
Deal Score Breakdown
65/100 · 1 qualifying signal
Priced 6% below the median of similar listings
Priced 2% above the per-subtype city median
-0.9% year-over-year ZHVI growth in this area
LT net cashflow -$1,479/mo (-64.5% return on ownership cost) · STR net cashflow -$1,572/mo (-68.6% 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
$924/mo
Range: $697 – $1,151
Net Monthly Cash Flow
−$1,479 /mo (−$17,750/yr)
Monthly rental income
Monthly ownership cost
Coverage
40%
Net /mo
−$1,479
DSCR
0.56
Est. Annual Revenue
$12,351/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$1,572 /mo (−$18,863/yr)
Monthly STR income
Monthly ownership cost
Coverage
45%
Net /mo
−$1,572
DSCR
0.49
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$587,500
-51% vs median
39 days
660
$175,000 – $7,995,000
$1,353
$337/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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