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550 S 400 E photo 11 / 22

$320,000

550 S 400 E, Salt Lake City, UT 84111

Type

Condo

List Price

$320,000

Price/Sqft

$357

Est Gross Yield

7.1%

$22,584/yr est.

Property Details

Property typeCondo
Year built1983
Total units1
Living area897 sqft
Bedrooms2
Bathrooms2
Lot size0.01 acres
Parking1 spaces
Days on market71
Listed2026-04-02T00:00:00+00:00

Description

OPEN HOUSE SATURDAY THE 14th from 10:00-1:00. Prime downtown living in the heart of Salt Lake City! This well-maintained Towne Park condo offers unbeatable walkability to TRAX, Trolley Square, Liberty Park, and countless restaurants, shops, and cultural attractions. This single-level unit features 2 bedrooms and 2 bathrooms with an open-concept living and dining area, wood flooring, and a functional layout. The living room opens to a private patio through a sliding glass door, bringing in natural light and creating an easy indoor-outdoor flow. The kitchen is equipped with granite countertops, stainless steel appliances, tile backsplash, and ample cabinet space, with a convenient pass-through to the dining area, perfect for everyday living and entertaining. In-unit laundry is tucked neatly near the kitchen for added convenience. The primary suite includes its own bathroom, while the second bedroom and bath offer flexibility for guests, roommates, or a home office. Pre-inspected for buyer confidence, this condo offers transparency and peace of mind. Additional features include a 1-car parking spot in the covered garage, storage bins, elevator access, and a well-maintained community with amenities including a pool, tennis courts, clubhouse, and exercise room Whether you're looking for a primary residence or a low-maintenance urban retreat, this centrally located condo delivers comfort, convenience, and lifestyle. If the square footage or acreage of the property or improvements is of material concern to the buyer, the buyer is responsible for verifying the square footage/acreage measurements and improvements to the buyer's satisfaction.

Listed by David Kevitch · Wasatch Homes and Estates, LLC

Location

550 S 400 E, Salt Lake City, UT 84111

Proforma

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Cap Rate

4.69%

Cash-on-Cash

0.04%

Cash Flow

$4/mo

Purchase Price$320,000
Down Payment35% ($112,000)
Interest Rate6.00%
Monthly Rent$1,882/mo
Vacancy5%
Expense Ratio30% ($6,436)

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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, 2:05:08 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.