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253 W BISHOP PL photo 11 / 27

$559,900

Reduced from $564,900 · today

253 W BISHOP PL, Salt Lake City, UT 84103

Type

Townhouse

List Price

$559,900

Price/Sqft

$386

Est Gross Yield

4.0%

$22,524/yr est.

Property Details

Property typeTownhouse
Year built2025
Total units1
Living area1,450 sqft
Bedrooms2
Bathrooms2
Lot size0.01 acres
Parking1 spaces
Days on market155
Listed2026-01-14T00:00:00+00:00

Description

Location of your dreams! City Living! Plus, Incredible savings of up to 35K anyway! Welcome to Bishop Place-where downtown living meets everyday ease in Salt Lake City's storied Marmalade District. Morning coffee runs become part of your routine with local cafs just steps away. The Marmalade Library sits half a block from your front door, making it easy to grab a book, hop on a scooter, and explore the city. From here, you're a short stroll to the Delta Center for Jazz or NHL games, the Pioneer Park Farmers Market, the train system, and the best of downtown. Need to go further? City Creek Mall, The Gateway, and Temple Square are minutes away, with quick freeway access for bigger adventures. The airport is just 10 minutes from home, the University of Utah is only 15 minutes away, and world-class ski resorts like Park City, Snowbasin, and Alta are about 45 minutes up the canyon. The home itself blends modern comfort with high efficiency. Designed for cleaner indoor air, lower utility bills, and year-round comfort, it features upgrades like solar-E windows, advanced insulation, smart thermostats, an EV charging outlet, and an energy-efficient recirculation system-setting a new benchmark for sustainable city living. Inside, you'll find elevated finishes that feel both timeless and current-quartz countertops, durable luxury flooring, modern tile work, and generous natural light throughout. With a private garage and an open floor plan, the home adapts to your lifestyle, whether you love hosting or simply want turnkey convenience in the heart of the city. With Garbett Homes' limited-time incentives and preferred-lender financing options, there's never been a better time to make Bishop Place home. Schedule your tour today.

Listed by Janie Despain Mathis · Garbett Homes

Location

253 W BISHOP PL, Salt Lake City, UT 84103

Proforma

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Cap Rate

2.68%

Cash-on-Cash

-5.34%

Cash Flow

-$934/mo

Purchase Price$559,900
Down Payment35% ($195,965)
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 6/18/2026, 12:03:16 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.