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520 E 500 S ST photo 11 / 22

$413,000

Reduced from $416,000 · 1 day ago

520 E 500 S ST, Salt Lake City, UT 84102

Type

Condo

List Price

$413,000

Price/Sqft

$399

Est Gross Yield

4.7%

$19,248/yr est.

Property Details

Property typeCondo
Year built2008
Total units1
Living area1,034 sqft
Bedrooms2
Bathrooms2
Lot size0.01 acres
Parking2 spaces
Days on market57
Listed2026-04-16T00:00:00+00:00

Description

Back on the market. Buyers got cold feet. Now is your chance to own one of the cutest condos with an unbeatable location in the heart of Salt Lake City! Come and experience the convenience of living in Downtown SLC with lots of amenities all around you! This condo is an easy reach to Trader Joe's, Smith's Market, Trolley Square, theaters, restaurants, SLC Library, Trax Station, min. to I-15, and the University of Utah. This stylish 2 bedrooms, one and a half bath home is not just your average condo. It has a feel of a 2-story townhome with high ceilings on the main floor, lots of tall windows to let in the natural lighting, and an open concept floor plan that flows seamlessly throughout the main floor. The upper floor consists of 2 large bedrooms, including the master bedroom and a laundry area for your convenience. What makes this condo stand out is all the upgrades that you'll get to enjoy! This home comes with a new tankless water heater, new dishwasher, smart thermostat, new washer and dryer that are included, fresh new paint throughout the whole home, newly painted doors and hardware, upgraded lighting to LED lights, a stylish accent wall in the living room, plus an extra storage unit that is unique to this condo. There are only 8 units that have the extra exterior storage in the whole complex and this condo comes with one of the storage units for you to store your belongings! You will also get 2 dedicated parking spaces in the underground, secured parking. This home has so much to offer. Come and make it your home today! Buyers and Buyer's agent to verify all.

Listed by Fuong T Banh · Realtypath LLC (South Valley)

Location

520 E 500 S ST, Salt Lake City, UT 84102

Proforma

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Cap Rate

3.10%

Cash-on-Cash

-4.21%

Cash Flow

-$543/mo

Purchase Price$413,000
Down Payment35% ($144,550)
Interest Rate6.00%
Monthly Rent$1,604/mo
Vacancy5%
Expense Ratio30% ($5,486)

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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, 2:06:32 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.