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1228 IOLA AVE, Salt Lake City, UT 84104
1228 IOLA AVE, Salt Lake City, UT 84104
Type
SFR
List Price
$365,000
Price/Sqft
$205
Est Gross Yield
6.3%
$22,992/yr est.
Move-in ready 1-bedroom, 1.5-bath bungalow on a generous 0.18-acre lot in Poplar Grove - one of the larger lots you'll find this close to downtown. The primary bathroom has been fully renovated with new European glass and tile, opening onto a bright, flexible living space with hardwood floors that lives larger than its footprint suggests. The kitchen and secondary bath offer a great opportunity to add your own updates and build in instant equity. There's also room to easily add a second bedroom upstairs for a buyer who wants separated living space. The home is wheelchair accessible with a ramp to the main entrance. Outside, the oversized, mature-tree-lined lot offers space to expand outdoor living, add parking, or explore future potential. A separate walkout basement, accessed from the back of the home, adds 2 bedrooms, bonus storage and untapped square footage for a buyer looking to invest in additional living space down the road. A rare chance to own a home with real room to grow, on a lot size that's tough to find this close to the city center. Seller offering 1/0 rate buydown with preferred lender - 5.51% first-year rate available. Contact agent for details.
Listed by Justin Udy · Century 21 Everest
1228 IOLA AVE, Salt Lake City, UT 84104
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Cap Rate
4.19%
Cash-on-Cash
-1.30%
Cash Flow
-$148/mo
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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 7/30/2026, 6:39:35 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.