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2635 S 500 E photo 11 / 33
Single Family

$600,000

2635 S 500 E, Salt Lake City, UT 84106

Type

SFR

List Price

$600,000

Price/Sqft

$245

Est Gross Yield

6.7%

$40,128/yr est.

Property Details

Property typeSingle Family
Year built1924
Total units1
Living area2,444 sqft
Bedrooms4
Bathrooms2
Lot size0.17 acres
Parking9 spaces
Days on market1
Listed2026-07-15T00:00:00+00:00

Description

Historic charm meets modern updates in this beautifully renovated home located in one of Salt Lake's most desirable, walkable neighborhoods, just minutes from Liberty Wells, Sugar House, shopping, dining, and commuter access. The functional floor plan offers 4 bedrooms, 2 family rooms, and a bright & inviting finished basement with surprisingly tall ceilings. Parking and storage are exceptional, a rare find in this area, and include an oversized detached garage (approx. 32 feet deep with a 12-foot garage door) with paved access & electrical service, a covered carport & additional driveway parking, RV/trailer parking, and a storage shed with electrical service. Spacious, updated kitchen features new quartz countertops, large single-basin sink, black stainless steel appliances, abundant cabinetry with brass cabinet hardware, and pantry storage. Newer, durable laminate flooring, and newer vinyl windows throughout. Both bathrooms have been tastefully updated with floor-to-ceiling tile surrounds & updated fixtures. Step outside to enjoy a fully fenced backyard with inviting outdoor entertaining spaces: mature shade trees, established gardens, patio, and fire pit area. The charming covered front porch provides another perfect spot to relax and enjoy the neighborhood. Additional upgrades include a high-efficiency furnace (approx. 2016), central air conditioning (approx. 2016), water heater (2020), convenient cartridge-style water softener system, fiber internet, and a programmable sprinkler system with separate front and rear irrigation zones.

Listed by Graham Allen · Real Broker, LLC

Location

2635 S 500 E, Salt Lake City, UT 84106

Proforma

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Cap Rate

4.45%

Cash-on-Cash

-0.61%

Cash Flow

-$114/mo

Purchase Price$600,000
Down Payment35% ($210,000)
Interest Rate6.00%
Monthly Rent$3,344/mo
Vacancy5%
Expense Ratio30% ($11,436)

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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 7/16/2026, 9:49:14 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.