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4965 S 975 E photo 11 / 52

$540,000

4965 S 975 E, Salt Lake City, UT 84117

Type

Condo

List Price

$540,000

Price/Sqft

$203

Est Gross Yield

5.0%

$26,772/yr est.

Property Details

Property typeCondo
Year built1972
Total units1
Living area2,656 sqft
Bedrooms3
Bathrooms2
Lot size0.01 acres
Parking2 spaces
Days on market1
Listed2026-06-11T00:00:00+00:00

Description

The Three Fountains East community is one that's quiet, established, and close-knit. The property does some of the heavy lifting before you're even through the door: here, you'll find clean lines, a private courtyard, mature trees, and the Wasatch range visible from the neighborhood. Inside, a two-level layout is open and genuinely spacious-there are four bedrooms, three baths, a main-level laundry, and an owner's suite upstairs with its own character. Wood flooring in the main living spaces lends warmth, and the remodeled kitchen feels well-lit and inviting, with a peninsula offering a spot to pull up a chair for coffee and cereal. The basement is bringing some very real charm with wood paneling and a wood-burning stove (which we assume will earn its keep come winter). The TFE community grounds include a remodeled clubhouse, pristine pool, tennis courts, and the kind of grounds that lean more park than parking lot, so your summer plans are all but set. Residents here are also well located, whether it's the city or mountains you're looking to access.

Listed by Leigh Anne Bernal · Homeworks Property Lab, LLC

Location

4965 S 975 E, Salt Lake City, UT 84117

Proforma

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Cap Rate

3.30%

Cash-on-Cash

-3.68%

Cash Flow

-$621/mo

Purchase Price$540,000
Down Payment35% ($189,000)
Interest Rate6.00%
Monthly Rent$2,231/mo
Vacancy5%
Expense Ratio30% ($7,630)

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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 6/12/2026, 3:29:05 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.