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2689 S 500 E, Salt Lake City, UT 84106
$5,899,000
Reduced from $6,200,000 · 1 day ago
2689 S 500 E, Salt Lake City, UT 84106
Units
12
Price/Unit
$491,583
Price/Sqft
$392
Est Gross Yield
5.0%
$293,172/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 2BR / 3BA | 1 | 2 | 3 | 1,196 | $2,900/mo |
| 3BR / 4BA | 1 | 3 | 4 | 1,677 | $3,500/mo |
| 1BR / 1BA | 1 | 1 | 1 | 662 | $2,100/mo |
| 2BR / 1BA | 1 | 2 | 1 | 888 | $2,600/mo |
| 2BR / 3BA | 1 | 2 | 3 | 1,150 | $2,900/mo |
| 2BR / 3BA | 1 | 2 | 3 | 1,148 | $2,900/mo |
| 3BR / 4BA | 1 | 3 | 4 | 1,677 | $3,500/mo |
| 3BR / 4BA | 1 | 3 | 4 | 1,713 | $3,500/mo |
| 2BR / 1BA | 1 | 2 | 1 | 891 | $2,500/mo |
| 1BR / 1BA | 1 | 1 | 1 | 702 | $2,100/mo |
| 3BR / 4BA | 1 | 3 | 4 | 1,677 | $3,500/mo |
| 3BR / 4BA | 1 | 3 | 4 | 1,677 | $3,500/mo |
| Total | 12 | 27 | 33 | 15,058 | $35,500/mo |
Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.
Description
The Harvey presents a rare opportunity to acquire 12 units in a newly built, Class A 1-unit multi-family asset in the thriving Sugar House submarket of Salt Lake City. Luxury finishes and high-quality construction. Unit Mix: 5 Brownstone Units w/ separate walk-out basement 4 Penthouse condos (ADA adaptive) 3 Garden-style townhomes 12 covered carport spaces, dedicated bike parking, elevator, interior mail delivery, All-electric building, gypcrete sound insulation, zoned mini-split HVAC, fire sprinklers, Panasonic WhisperGreen ventilation, Google Fiber, skylights for natural light, Modern systems and energy-efficient design reduce near-term maintenance and operating costs. Situated in Sugar House, one of Salt Lake City's strongest rental and owner-occupant markets with robust demand and low vacancy. All condos/townhomes are separately parceled. There is currently a commercial condo available for purchase in addition to the 12 residential units, the commercial space is not included in the multi-unit sale and is platted as a separate parcel.
Listed by Cherie M Major · Christie's International Real Estate VUE (Christies VUE Salt Lake)
Location
2689 S 500 E, Salt Lake City, UT 84106
Proforma
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Cap Rate
3.30%
Cash-on-Cash
-3.66%
Cash Flow
-$6,742/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 6/24/2026, 10:42:08 PM. 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.