338 700, Salt Lake City, UT 84111
3BD/—BA Residential in Salt Lake City, UT 84111. 1,600 sqft. Built 1916. Listed at $630,000. MLS #2171649.
3BD/—BA Residential in Salt Lake City, UT 84111. 1,600 sqft. Built 1916. Listed at $630,000. MLS #2171649.
Charm, character, and incredible versatility come together in this beautifully updated bungalow located in one of Salt Lake City's most sought-after neighborhoods! Whether you're searching for a place to call home, extra space for your family, or the potential for additional income, this property offers opportunities that are hard to find. Perfectly positioned just minutes from Liberty Park, the vibrant 9th & 9th district, TRAX, shopping, restaurants, and downtown Salt Lake City, you'll enjoy the convenience of city living while coming home to a quiet, established neighborhood full of charm. Inside, timeless character blends seamlessly with thoughtful modern updates. The main level features beautiful hardwood floors, an inviting fireplace, custom built-in cabinetry, upgraded LED recessed lighting, and an updated kitchen complete with butcher block countertops, a gas range, and plenty of workspace for cooking and entertaining. Two comfortable bedrooms complete the main floor. Downstairs, you'll discover one of this home's most unique features-a fully remodeled basement with its own private feel. The lower level includes a spacious bedroom with an ensuite bathroom, walk-in closet, additional storage, and a cozy family room that can easily be used as a second living area, home office, fitness room, playroom, or media room. Even better, the remodeled basement has been designed for nightly rental potential, creating an outstanding opportunity for buyers looking to offset their mortgage or generate additional income. Step outside to a fully fenced backyard that's ready for relaxing, gardening, and entertaining. Raised garden beds with pre-installed irrigation make growing your own vegetables and flowers easy, while the detached two-car garage includes a built-in workbench that's perfect for projects, hobbies, or extra storage. This home also offers numerous valuable updates, including Google Fiber, upgraded electrical service that's EV charger compatible and solar-ready, a partial roof replacement, new lower-level flooring, and an evaporative cooling system. Homes that combine classic architecture, modern updates, flexible living space, and income-producing potential are rare. Whether you're a first-time buyer, growing family, or savvy investor, this is an exceptional opportunity to own a home that offers both lifestyle and long-term value in one of Salt Lake City's most desirable locations. **Buyer is advised to obtain an independent measurement. Buyer/Buyers Agent to verify all info including sq. ft.
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
Subdivision
PLAT B
County
Salt Lake
Zoning
Single-Family, Short Term Rental Allowed
Construction
Brick
Lot Size
0.11 sq ft
Above Grade Area
1,000 sq ft
Condition
Blt./Standing
MLS #
2171649
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
Subdivision
PLAT B
County
Salt Lake
Zoning
Single-Family, Short Term Rental Allowed
Construction
Brick
Lot Size
0.11 sq ft
Above Grade Area
1,000 sq ft
Condition
Blt./Standing
MLS #
2171649
List Price
$630,000
Annual Taxes
$2,578
Home Warranty
No
List Price
$630,000
Annual Taxes
$2,578
Home Warranty
No
Heating
Electric,Gas: Radiant
Cooling
Evaporative Cooling,Window Unit(s)
Roof
Asphalt
Flooring
Hardwood
Basement
Full
Materials
Brick
Appliances
Ceiling Fan,Dryer,Microwave,Range Hood,Refrigerator,Washer
Patio & Porch
Porch: Open,Patio: Open
Water Source
Culinary,Irrigation
Sewer
Sewer: Connected,Sewer: Public
Heating
Electric,Gas: Radiant
Cooling
Evaporative Cooling,Window Unit(s)
Roof
Asphalt
Flooring
Hardwood
Basement
Full
Materials
Brick
Appliances
Ceiling Fan,Dryer,Microwave,Range Hood,Refrigerator,Washer
Patio & Porch
Porch: Open,Patio: Open
Water Source
Culinary,Irrigation
Sewer
Sewer: Connected,Sewer: Public
Garage Spaces
2
Covered Spaces
2
Total Parking
10
Garage Spaces
2
Covered Spaces
2
Total Parking
10
Classification
Standard
Deal Score
30/100
vs Similar Homes
14% above
vs Market Median
4% above
Area Growth (YoY)
-1.2%
Deal Score Breakdown
30/100
Priced 4% above the per-subtype city median
Priced 14% above the median of similar listings
-1.2% year-over-year ZHVI growth in this area
LT net cashflow -$1,841/mo (-42.9% return on ownership cost) · STR net cashflow -$2,424/mo (-56.5% 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.
Monthly Rent
$2,787/mo
Range: $2,158 – $3,415
Net Monthly Cash Flow
−$1,841 /mo (−$22,088/yr)
Monthly rental income
Monthly ownership cost
Coverage
65%
Net /mo
−$1,841
DSCR
0.76
Est. Annual Revenue
$32,052/yr
$384/night · 39% occupancy · $133/bedroom · $0.41/sqft
Net Monthly Cash Flow
−$2,424 /mo (−$29,084/yr)
Monthly STR income
Monthly ownership cost
Coverage
62%
Net /mo
−$2,424
DSCR
0.58
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
13
Available Providers
$587,500
+7% vs median
41 days
744
$11,000 – $7,995,000
$2,578
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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Daryn Edmunds - High Road Properties

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