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1160 E FIRST AVE, Salt Lake City, UT — photo 11 / 31

$574,900

1160 E FIRST AVE, Salt Lake City, UT 84103

Type

Condo

List Price

$574,900

Price/Sqft

$432

Est Gross Yield

3.9%

$22,524/yr est.

Property Details

Property typeCondo
Year built1907
Total units1
Living area1,332 sqft
Bedrooms2
Bathrooms1
Lot size0.01 acres
Parking1 spaces
Days on market55
Listed2026-07-10T00:00:00+00:00

Description

Experience the perfect blend of historic charm and modern comfort at the iconic McMullen, a beautifully restored 1907 landmark in the heart of the coveted Avenues. This light-filled 2-bedroom condominium showcases soaring 9-foot ceilings, spacious living areas, abundant natural light, and timeless architectural character throughout. Thoughtful features include a generous mudroom/laundry room, a charming butler's pantry with a breakfast nook, built-in storage, and a functional floor plan designed for comfortable everyday living. Additional private storage in the basement adds even more convenience. Enjoy dedicated off-street parking, private laundry, and a welcoming and generous porch for watching the world go by. Ideally located just minutes from the University of Utah, downtown Salt Lake City, neighborhood cafs, parks, and hiking trails, this is a rare opportunity to own a piece of Salt Lake history while enjoying all the conveniences of city living in one of the Avenues' most beloved historic buildings. No showings until Saturday. The antiquated boiler has officially been decommissioned. The sellers are in the process of selecting and installing an alternate heating system.

Listed by Amber Briem · Blakemore Real Estate LLC

Location

1160 E FIRST AVE, Salt Lake City, UT 84103

Proforma

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Cap Rate

2.61%

Cash-on-Cash

-5.52%

Cash Flow

-$992/mo

Purchase Price$574,900
Down Payment35% ($201,215)
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 9/3/2026, 8:06:25 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.