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550 S 400 E photo 11 / 19

$249,900

Reduced from $264,900 · today

550 S 400 E, Salt Lake City, UT 84111

Type

Condo

List Price

$249,900

Price/Sqft

$365

Est Gross Yield

5.9%

$14,784/yr est.

Property Details

Property typeCondo
Year built1983
Total units1
Living area684 sqft
Bedrooms1
Bathrooms1
Lot size0.01 acres
Parking1 spaces
Days on market90
Listed2026-04-03T00:00:00+00:00

Description

Enjoy downtown living with comfort, convenience, and community! Bright and welcoming with fresh paint, move-in-ready space. The community is pet-friendly and packed with amenities designed for an active, social lifestyle. Residents enjoy access to a clubhouse, swimming pool, fitness room, tennis, pickleball and basketball courts, a dedicated dog area, picnic spaces, all within a gated, secure complex. This location is incredibly appealing with its proximity to downtown, Trax, University of Utah, City Creek Center & Trolley Square. Shopping, dining and grocery store just steps away. The building features a secured entry, an elevator and secured assigned garage parking with assigned storage space. If you're looking for downtown living at an affordable price, this is it!

Listed by Brandon Calton · RE/MAX Associates

Location

550 S 400 E, Salt Lake City, UT 84111

Proforma

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Cap Rate

3.93%

Cash-on-Cash

-1.98%

Cash Flow

-$155/mo

Purchase Price$249,900
Down Payment35% ($87,465)
Interest Rate6.00%
Monthly Rent$1,232/mo
Vacancy5%
Expense Ratio30% ($4,213)

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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 7/2/2026, 5:17:25 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.