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1156 W 1550 N photo 11 / 13

$394,900

1156 W 1550 N, Salem, UT 84653

Type

Townhouse

List Price

$394,900

Price/Sqft

$245

Est Gross Yield

6.0%

$23,616/yr est.

Property Details

Property typeTownhouse
Year built2026
Total units1
Living area1,615 sqft
Bedrooms3
Bathrooms4
Lot size0.03 acres
Parking2 spaces
Days on market32
Listed2026-05-11T00:00:00+00:00

Description

The McKinley brings townhome living to life with an intuitive layout designed for both connection and comfort. Its open-concept main floor creates a seamless flow between the kitchen, dining, and great room-perfect for everything from casual weeknight dinners to effortless weekend entertaining. A spacious kitchen island invites conversation, while the oversized pantry keeps everyday essentials organized and within reach. Upstairs, thoughtfully designed retreats offer privacy and relaxation, with smart storage solutions that make daily routines feel effortless. Convenient laundry near the bedrooms simplifies wash day, while linen and under-stair storage ensure everything has its place. An attached two-car garage provides additional room for bikes, gear, and seasonal storage, adding even more functionality to this well-designed home. *Pictures are of a finished home of the same floor plan, and the available home may contain different options, upgrades, and exterior color and/or elevation style. Square footage figures are provided as a courtesy estimate only and were obtained from building plans*

Listed by Timothy S Marshall · Richmond American Homes of Utah, Inc

Location

1156 W 1550 N, Salem, UT 84653

Proforma

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Cap Rate

3.98%

Cash-on-Cash

-1.87%

Cash Flow

-$230/mo

Purchase Price$394,900
Down Payment35% ($138,215)
Interest Rate6.00%
Monthly Rent$1,968/mo
Vacancy5%
Expense Ratio30% ($6,731)

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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, 2:05:22 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.