162 CLEVELAND, South Salt Lake, UT 84115
3BD/—BA Residential in South Salt Lake, UT 84115. 1,752 sqft. Built 1927. Listed at $585,000. MLS #2159924.
3BD/—BA Residential in South Salt Lake, UT 84115. 1,752 sqft. Built 1927. Listed at $585,000. MLS #2159924.
Historic charm, thoughtful updates, and one of the city's most versatile detached studio spaces come together in this beautifully maintained bungalow in the heart of Salt Lake City. Set on a quiet, tree-lined street just minutes from Liberty Park, 9th & 9th, Central 9th, Ballpark, and some of the city's most beloved restaurants, cafs, breweries, and shops, this home offers exceptional walkability and an effortless urban lifestyle without sacrificing warmth or privacy. Inside, original wood floors, vintage built-ins with glass doors, and a professionally converted natural gas fireplace preserve the home's historic character while adding everyday comfort and ease. The open living and dining spaces feel both inviting and functional, with a generous foyer rarely found in homes of this era. The kitchen blends old and new with a six-burner Viking range, butcher block and granite countertops, original glass-front cabinetry, and a striking island topped with green-veined marble and crafted from an authentic Scandinavian farm table. The spacious primary bedroom opens directly onto a covered back deck through stained glass French doors, creating an easy indoor-outdoor flow. Downstairs, two additional bedrooms are accompanied by a generous laundry and storage area, with eco-friendly wool carpeting bringing warmth and softness to the lower level. Multiple outdoor living areas, including a covered back deck, courtyard firepit area, new hot tub, mature peach and plum trees, and a natural gas grill connection, create a private, retreat-like atmosphere ideal for entertaining or quiet evenings at home. Stay with me, because there's more! A standout feature of the property is the detached studio with cedar ceilings and skylights, offering incredible flexibility as an art or music studio, home office, fitness space, workshop, or creative retreat. The garage has also been thoughtfully arranged to function as either storage/workspace or vehicle parking. Major system updates include all new plumbing within the last five years, tankless water heater, updated HVAC, and newer roof. Full radon mitigation system has already been installed, along with a whole house water filtration system. For qualified buyers, the home also offers the rare opportunity to assume an existing VA loan with an interest rate below 3%. Check out the virtural tour, and then schedule a showing today!
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
Subdivision
CAPITOL
County
Salt Lake
Zoning
Single-Family
Construction
Brick
Lot Size
0.11 sq ft
Above Grade Area
1,030 sq ft
Condition
Blt./Standing
MLS #
2159924
Property Type
Residential
Property Style
Single Family Residence
Architectural Style
Bungalow/Cottage
Stories
2
Subdivision
CAPITOL
County
Salt Lake
Zoning
Single-Family
Construction
Brick
Lot Size
0.11 sq ft
Above Grade Area
1,030 sq ft
Condition
Blt./Standing
MLS #
2159924
List Price
$585,000
Annual Taxes
$2,463
Home Warranty
No
List Price
$585,000
Annual Taxes
$2,463
Home Warranty
No
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Partial,Shelf
Materials
Brick
Appliances
Dryer,Gas Grill/BBQ,Refrigerator,Washer
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Porch: Open,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Heating
Forced Air,Gas: Central
Cooling
Central Air
Roof
Asphalt
Flooring
Carpet,Hardwood,Tile
Basement
Partial,Shelf
Materials
Brick
Appliances
Dryer,Gas Grill/BBQ,Refrigerator,Washer
Laundry
Electric Dryer Hookup,Gas Dryer Hookup
Patio & Porch
Porch: Open,Patio: Open
Water Source
Culinary
Sewer
Sewer: Connected,Sewer: Public
Garage Spaces
1
Covered Spaces
1
Total Parking
4
Garage Spaces
1
Covered Spaces
1
Total Parking
4
Classification
Standard
Deal Score
30/100
vs Similar Homes
30% above
vs Market Median
3% above
Area Growth (YoY)
-0.3%
Deal Score Breakdown
30/100
Priced 3% above the per-subtype city median
Priced 30% above the median of similar listings
-0.3% year-over-year ZHVI growth in this area
LT net cashflow -$1,043/mo (-26.5% return on ownership cost) · STR net cashflow -$1,816/mo (-46.2% 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
$3,285/mo
Range: $2,327 – $4,243
Net Monthly Cash Flow
−$1,043 /mo (−$12,517/yr)
Monthly rental income
Monthly ownership cost
Coverage
84%
Net /mo
−$1,043
DSCR
0.98
Est. Annual Revenue
$36,308/yr
$389/night · 39% occupancy · $132/bedroom · $0.42/sqft
Net Monthly Cash Flow
−$1,816 /mo (−$21,797/yr)
Monthly STR income
Monthly ownership cost
Coverage
77%
Net /mo
−$1,816
DSCR
0.72
Best Download
10 Gbps
Best Upload
10 Gbps
Fiber Available
Yes
Providers
14
Available Providers
$466,000
+26% vs median
57 days
39
$175,000 – $799,900
$2,463
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

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