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557 E 1ST AVE photo 11 / 35

$399,000

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

Type

Condo

List Price

$399,000

Price/Sqft

$402

Est Gross Yield

5.6%

$22,524/yr est.

Property Details

Property typeCondo
Year built1912
Total units1
Living area992 sqft
Bedrooms2
Bathrooms1
Lot size0.01 acres
Parking1 spaces
Days on market5
Listed2026-06-15T00:00:00+00:00

Description

Welcome to Unit 10 at the Dorius - one of the most iconic buildings in Salt Lake City's beloved Avenues neighborhood. Built in the early 1900s, this historic gem delivers the character, craftsmanship, and soul that simply can't be replicated in new construction. Original hardwood floors, exposed brick, and crown molding set the tone throughout. The spacious living room is anchored by a dramatic floor-to-ceiling brick fireplace and opens to a private covered balcony - your perfect perch for morning coffee or soaking in the Avenues. The dining room stuns with a bay window, soaring ceilings, and a statement chandelier that bridges the home's historic bones with modern style. The updated kitchen features knotty pine cabinetry, white quartz countertops, subway tile backsplash, stainless gas range, and dishwasher - all wrapped in gorgeous exposed brick. The primary bedroom is a serene retreat bathed in natural light. The updated full bath impresses with its charming vintage tilework. The second bedroom shines as a guest room, home office, or creative studio with its own dramatic exposed brick wall. Come see it for yourself. You won't want to leave. Square footage figures are provided as a courtesy estimate only. Buyer is advised to obtain an independent measurement.

Listed by Bobby Vigil · Windermere Real Estate

Location

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

Proforma

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Cap Rate

3.75%

Cash-on-Cash

-2.46%

Cash Flow

-$307/mo

Purchase Price$399,000
Down Payment35% ($139,650)
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 6/20/2026, 6:40:48 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.