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4868 S WALLACE LN photo 11 / 73
Single Family

$1,295,000

4868 S WALLACE LN, Salt Lake City, UT 84117

Type

SFR

List Price

$1.29M

Price/Sqft

$406

Est Gross Yield

2.5%

$32,268/yr est.

Property Details

Property typeSingle Family
Year built1965
Total units1
Living area3,190 sqft
Bedrooms4
Bathrooms3
Lot size0.26 acres
Parking4 spaces
Days on market13
Listed2026-06-11T00:00:00+00:00

Description

Perched in one of Holladay's most desirable neighborhoods, this thoughtfully updated mid-century modern residence captures the essence of elevated indoor-outdoor living. Expansive covered decking serves as a natural extension of the home, creating the perfect setting for entertaining, relaxing, and taking in the valley views and spectacular sunset skies.The home's contemporary mid-century character is highlighted by custom stonework that seamlessly ties together the interior and exterior spaces, while views of iconic Mount Olympus provide a stunning backdrop. Inside, recent updates blend modern comfort with timeless design, including beautifully remodeled upstairs and downstairs bathrooms, updated flooring in the main living areas, and new carpet in the upstairs bedrooms. Outside, the property has undergone a significant transformation. Extensive landscape improvements include a custom 50-foot retaining wall, complete yard regrading, new sprinkler and drip irrigation systems, lush sod, curated garden spaces, and an expanded outdoor living area with a custom concrete patio and private hot tub retreat. These enhancements dramatically increased the usability and enjoyment of the backyard while maintaining a low-maintenance xeriscape aesthetic in the front yard overlooking the Wasatch Front. Systemic upgrades include a new HVAC system, tankless water heater, upgraded garage door operating system, Ring security system, updated water service line from the street, and recent roof repairs. Fresh paint throughout further enhances the home's turnkey appeal. Exceptionally maintained and meticulously cared for, this residence offers a rare opportunity to own a true mid-century modern retreat where architectural character, thoughtful improvements, and one of Holladay's most sought-after locations come together beautifully. Finally a home that reflects your style!

Listed by Cherie M Major · Christies International Real Estate VUE

Location

4868 S WALLACE LN, Salt Lake City, UT 84117

Proforma

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Cap Rate

1.66%

Cash-on-Cash

-8.05%

Cash Flow

-$3,259/mo

Purchase Price$1,295,000
Down Payment35% ($453,250)
Interest Rate6.00%
Monthly Rent$2,689/mo
Vacancy5%
Expense Ratio30% ($9,196)

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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, 9:40:24 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.