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1032 E 400 S photo 11 / 23

$325,000

1032 E 400 S, Salt Lake City, UT 84102

Type

Condo

List Price

$325,000

Price/Sqft

$406

Est Gross Yield

4.1%

$13,392/yr est.

Property Details

Property typeCondo
Year built2024
Total units1
Living area800 sqft
Bedrooms1
Bathrooms1
Lot size0.01 acres
Parking1 spaces
Days on market21
Listed2026-05-22T00:00:00+00:00

Description

This exquisite top-floor, penthouse, brand-new construction condo has incredible views of the city. It features an open-concept living and kitchen area, a spacious bedroom with a walk-in closet, a full bathroom with tub and shower and ample vanity space, and a private balcony with stunning views. The building was rebuilt after a fire and includes new framing, drywall, and paint; seismic, structural, and foundational reinforcements; upgraded sewer and water infrastructure; new plumbing, electrical, and hvac; new roof; building-wide sound deadening; fire suppression and alarm system; upgraded fire separation in attic, walls, and floors; emergency backup generator; digital thermostats; trex patio decks; and more. Enjoy upgraded amenities such as a pool, hot tub, sauna, automated package pickup lockers, fitness center, grassy outdoor area, barbecue area, on-site laundry room, and more, all with low HOA fees! This is a controlled-access building with an onsite property manager, and the unit includes one covered parking space. It's one-level living at its finest! This prime location is near the University of Utah, public transportation, hiking and biking trails, restaurants, shopping, downtown, world-class skiing, and more. There is no rental cap or waiting line on long-term rentals. This is definitely one you don't want to miss! Additional storage may be available for a monthly fee. No pets. No smoking. Google Fiber. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement. Seller is doing a 1031 exchange.

Listed by Robyn Christensen · Coldwell Banker Realty (Salt Lake-Sugar House)

Location

1032 E 400 S, Salt Lake City, UT 84102

Proforma

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Cap Rate

2.74%

Cash-on-Cash

-5.16%

Cash Flow

-$524/mo

Purchase Price$325,000
Down Payment35% ($113,750)
Interest Rate6.00%
Monthly Rent$1,116/mo
Vacancy5%
Expense Ratio30% ($3,817)

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Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.

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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 6/12/2026, 2:07:02 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.