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557 E 1ST AVE photo 11 / 31

$459,000

Reduced from $479,000 · 2 days ago

557 E 1ST AVE, Salt Lake City, UT 84103

Type

Condo

List Price

$459,000

Price/Sqft

$415

Est Gross Yield

4.9%

$22,524/yr est.

Property Details

Property typeCondo
Year built1912
Total units1
Living area1,107 sqft
Bedrooms2
Bathrooms1
Lot size0.01 acres
Parking1 spaces
Days on market63
Listed2026-04-22T00:00:00+00:00

Description

Relax on the balcony and take in the views from one of the coolest walk-up condos in the heart of the Avenues. This 2-bedroom, 1-bath penthouse in the iconic Dorius building is full of charm, featuring modern, fully remodeled finishes and unbeatable neighborhood. Bright and stylish, the home offers abundant natural light, and an additional 3x6 storage closet. HOA amenities include gas, water, sewer, trash, internet, snow removal, and a storage area-plus pets are welcome. Enjoy the unbeatable walkability of the Avenues, just minutes from downtown Salt Lake City and the University of Utah. Top-floor living at its finest-schedule your showing today! Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.

Listed by Sandra Clark · Windermere Real Estate (9th & 9th)

Location

557 E 1ST AVE, Salt Lake City, UT 84103

Proforma

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Cap Rate

3.26%

Cash-on-Cash

-3.77%

Cash Flow

-$541/mo

Purchase Price$459,000
Down Payment35% ($160,650)
Interest Rate6.00%
Monthly Rent$1,877/mo
Vacancy5%
Expense Ratio30% ($6,419)

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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 6/24/2026, 10:40:17 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.