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245 N VINE ST photo 11 / 42

$490,000

245 N VINE ST, Salt Lake City, UT 84103

Type

Condo

List Price

$490,000

Price/Sqft

$351

Est Gross Yield

4.6%

$22,524/yr est.

Property Details

Property typeCondo
Year built1976
Total units1
Living area1,397 sqft
Bedrooms2
Bathrooms2
Lot size0.01 acres
Parking2 spaces
Days on market47
Listed2026-05-08T00:00:00+00:00

Description

Discover elevated downtown living in this beautifully maintained 2-bedroom, 2-bath condo located in the heart of Salt Lake City with unbeatable walkability to shopping, dining, entertainment, and city attractions, plus convenient access close to the University of Utah. This spacious condo offers a large open gathering space perfect for entertaining, while three private decks showcase incredible panoramic views of the Salt Lake Valley and surrounding mountains. Enjoy the convenience and peace of mind of a secured building requiring key fob access, along with 2 assigned covered parking spaces and 2 private storage closets located in the parking garage. Residents have access to an impressive list of amenities including a pool, hot tub, saunas, locker rooms with showers and bathrooms, a clubhouse with kitchen, pool table, fireplace, and game room. Thoughtful touches like convenient grocery carts in the parking garage make everyday living effortless. This is city living at its finest with comfort, convenience, security, and resort-style amenities all in one exceptional property.

Listed by Carolee Mecham · Cannon & Company

Location

245 N VINE ST, Salt Lake City, UT 84103

Proforma

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Cap Rate

3.06%

Cash-on-Cash

-4.32%

Cash Flow

-$661/mo

Purchase Price$490,000
Down Payment35% ($171,500)
Interest Rate6.00%
Monthly Rent$1,877/mo
Vacancy5%
Expense Ratio30% ($6,419)

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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 6/24/2026, 9:40:15 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.