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29 S STATE ST photo 11 / 18

$235,000

29 S STATE ST, Salt Lake City, UT 84111

Type

Condo

List Price

$235,000

Price/Sqft

$523

Est Gross Yield

5.6%

$13,044/yr est.

Property Details

Property typeCondo
Year built1919
Total units1
Living area449 sqft
Bedrooms0
Bathrooms1
Lot size0.1 acres
Days on market74
Listed2026-04-08T00:00:00+00:00

Description

The Belvedere combines classic charm with modern downtown convenience. Built in 1919 and later converted to condominiums, this historic building features secure entry, a stylish lobby, elevator service, private storage, a social room, and updated coin-operated laundry on each floor to simplify daily living. The HOA covers all utilities except electricity and includes both free high-speed fiber-optic internet and Cable TV, while the current monthly power bill averages just around $20. Optional covered parking is available for rent nearby, ideal for anyone seeking a walkable, convenient lifestyle. Located just minutes on foot from City Creek Center and the LDS Temple, as well as restaurants, shops, grocery stores, entertainment, and public transit, this condo offers exceptional access to downtown amenities. Inside, thoughtful built-ins enhance both function and style, including large custom cabinets with abundant drawers conveniently located next to the bathroom-perfect for organized storage and everyday ease. The unit also includes a window A/C unit for added comfort during warmer months.

Listed by Dean Cotter · REDFIN CORPORATION

Location

29 S STATE ST, Salt Lake City, UT 84111

Proforma

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Cap Rate

3.69%

Cash-on-Cash

-2.63%

Cash Flow

-$193/mo

Purchase Price$235,000
Down Payment35% ($82,250)
Interest Rate6.00%
Monthly Rent$1,087/mo
Vacancy5%
Expense Ratio30% ($3,718)

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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 6/21/2026, 12:31:31 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.