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550 S 400 E photo 11 / 37

$349,000

550 S 400 E, Salt Lake City, UT 84111

Type

Condo

List Price

$349,000

Price/Sqft

$361

Est Gross Yield

6.5%

$22,584/yr est.

Property Details

Property typeCondo
Year built1983
Total units1
Living area968 sqft
Bedrooms2
Bathrooms2
Lot size0.01 acres
Parking1 spaces
Days on market1
Listed2026-06-17T00:00:00+00:00

Description

Experience downtown living at its best in this beautifully updated condo located in the heart of Salt Lake City. Featuring brand-new interior paint, bamboo flooring, and tile throughout, this spacious unit offers a clean, modern feel with comfortable living spaces. The upgraded kitchen showcases granite countertops, stainless steel appliances, and ample storage, while matching granite finishes in the primary bathroom add a touch of luxury. Enjoy the convenience of secure condominium living with access to community amenities and a location that's hard to beat. Just minutes from downtown Salt Lake City, this home is ideal for professionals seeking a walkable lifestyle with easy access to major employers, dining, shopping, entertainment, TRAX, and cultural attractions. Whether you're commuting to work, meeting friends for dinner, or exploring the city, everything you need is right outside your door. Don't miss this opportunity to own a move-in-ready home in one of Salt Lake City's most convenient urban locations.

Listed by Angelina M Pena · EXIT Realty Legacy

Location

550 S 400 E, Salt Lake City, UT 84111

Proforma

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Cap Rate

4.30%

Cash-on-Cash

-1.00%

Cash Flow

-$109/mo

Purchase Price$349,000
Down Payment35% ($122,150)
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 6/18/2026, 12:02:04 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.