470 STANLEY, South Salt Lake, UT 84115
—BD/—BA Residential in South Salt Lake, UT 84115. 2,576 sqft. Built 1979. Listed at $549,900. MLS #2104007.
—BD/—BA Residential in South Salt Lake, UT 84115. 2,576 sqft. Built 1979. Listed at $549,900. MLS #2104007.
This exceptional property offers a unique opportunity in a prime location, with 38 parking spots perfect for accommodating visitors to this Religious space/Church. Situated on a spacious 0.30-acre lot, this property is ideally located close to downtown, ensuring convenience and accessibility. The city zoning allows for conversion into a single-family home with the potential for an Additional Dwelling Unit (ADU), offering flexibility for future development. With its strategic location and valuable land, this is a highly sought-after investment property. Whether for continued use as a religious place or as a residential redevelopment, this property holds significant potential. Please call agent before showing. BUYERS AND BUYER'S AGENT TO VERIFY ALL INFORMATION.
Property Type
Residential
Property Style
Single Family Residence
Stories
1
Subdivision
PARK
County
Salt Lake
Zoning
Single-Family
Construction
Brick,Stone,Other
Lot Size
0.3 sq ft
Above Grade Area
2,576 sq ft
Condition
Blt./Standing
MLS #
2104007
Property Type
Residential
Property Style
Single Family Residence
Stories
1
Subdivision
PARK
County
Salt Lake
Zoning
Single-Family
Construction
Brick,Stone,Other
Lot Size
0.3 sq ft
Above Grade Area
2,576 sq ft
Condition
Blt./Standing
MLS #
2104007
List Price
$549,900
Home Warranty
No
List Price
$549,900
Home Warranty
No
Heating
Forced Air
Cooling
Evaporative Cooling
Roof
Asphalt
Flooring
Carpet
Basement
None
Materials
Brick,Stone,Other
Water Source
Culinary
Sewer
Sewer: Connected
Heating
Forced Air
Cooling
Evaporative Cooling
Roof
Asphalt
Flooring
Carpet
Basement
None
Materials
Brick,Stone,Other
Water Source
Culinary
Sewer
Sewer: Connected
Covered Spaces
0
Total Parking
38
Covered Spaces
0
Total Parking
38
Why this is a deal
Classification
Great Deal (vs Market)
Deal Score
100/100
vs Similar Homes
8% below
vs Market Median
21% below
Area Growth (YoY)
2.0%
Deal Score Breakdown
100/100 · 3 qualifying signals
Priced 21% below the per-subtype city median
LT net cashflow +$1,389/mo (+40.0% return on ownership cost) · STR net cashflow -$125/mo (-3.6% return). Uses the better of LT or STR against total monthly ownership cost (P&I, tax, insurance, HOA, maintenance).
Priced 8% below the median of similar listings
2.0% 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.
Why this classification
Monthly Rent
$5,526/mo
Range: $3,993 – $7,059
Net Monthly Cash Flow
+$1,390 /mo (+$16,675/yr)
Monthly rental income
Monthly ownership cost
Coverage
159%
Net /mo
+$1,389
DSCR
1.77
Est. Annual Revenue
$57,398/yr
$395/night · 39% occupancy · $131/bedroom · $0.43/sqft
Net Monthly Cash Flow
−$126 /mo (−$1,515/yr)
Monthly STR income
Monthly ownership cost
Coverage
138%
Net /mo
−$125
DSCR
1.22
Elementary
LincolnMiddle School
Granite ParkHigh School
CottonwoodSchool District
Granite
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
15
Available Providers
$472,340
+16% vs median
64 days
33
$190,700 – $715,000
High Crime
29.1
per 1,000
89.6
per 1,000
61.5
per 1,000
180.2
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

Salt Lake City Real Estate Broker Focused on Pricing, Positioning, and Results

Devin Tanner - Utah Realtor
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