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29 S STATE ST photo 11 / 32

$293,900

29 S STATE ST, Salt Lake City, UT 84111

Type

Condo

List Price

$293,900

Price/Sqft

$529

Est Gross Yield

5.0%

$14,784/yr est.

Property Details

Property typeCondo
Year built1919
Total units1
Living area556 sqft
Bedrooms1
Bathrooms1
Lot size0.01 acres
Days on market112
Listed2026-03-05T00:00:00+00:00

Description

Best priced Belvedere listing with the best views. LENDER CREDIT FOR RATE BUY-DOWN AVAILABLE WITH PREFERRED LENDER! Once part of the original penthouse suites from the Belvedere's hotel era, this rare corner unit offers unbeatable natural light, south-facing city views, and the thrill of downtown living right outside your door. As one of the larger units in the building, this condo features updated paint, an in-unit washer/dryer, and a new energy-efficient window AC. Steps from Harmons, Temple Square, and City Creek Center, the location is unbeatable. Whether you're looking for a vibrant urban home base or a long-term investment, this unit offers strong rental potential with no cap on long-term rentals in one of Salt Lake's most walkable and historic buildings.

Listed by Daniel Correa von Wallwitz · Real Broker, LLC

Location

29 S STATE ST, Salt Lake City, UT 84111

Proforma

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Cap Rate

3.35%

Cash-on-Cash

-3.55%

Cash Flow

-$326/mo

Purchase Price$293,900
Down Payment35% ($102,865)
Interest Rate6.00%
Monthly Rent$1,232/mo
Vacancy5%
Expense Ratio30% ($4,213)

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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 6/25/2026, 9:04:30 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.