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236 S IOWA E ST, Salt Lake City, UT — photo 11 / 37
Single Family

$420,000

236 S IOWA E ST, Salt Lake City, UT 84102

Type

SFR

List Price

$420,000

Price/Sqft

$497

Est Gross Yield

4.6%

$19,248/yr est.

Property Details

Property typeSingle Family
Year built1896
Total units1
Living area845 sqft
Bedrooms2
Bathrooms1
Lot size0.06 acres
Parking2 spaces
Days on market1
Listed2026-10-07T00:00:00+00:00

Description

Nestled on a charming alleyway street between the U of U campus and downtown, this small but delightful home is ready to welcome you. The location couldn't be better: just a few blocks away from the heart of the University, and only steps away from a Trax line. The convenient placement gives you quick access to all that downtown Salt Lake City has to offer, including galleries, restaurants, theaters, shopping and entertainment. The alley is surrounded by quiet tree-lined streets, with historic homes and an established presence that calls you outdoors for walks and community involvement. This historic home was built in 1896 and has been updated through the years, including double paned windows, an updated kitchen & bath, and a metal roof, making it a comfortable place to land. It has an open kitchen/dining/living space, 2 beds, 1 bath, and a useful mudroom/laundry with back door access. The backyard is almost maintenance free, with a stone patio and room to rest under the shade trees. The home's gravel drive to the south has room for two cars, and there is a useful shed for storage. In the front, a covered porch offers the chance to enjoy the quiet street scene, and additional pavers allow for more patio seating space or extra parking -depending on your needs. This historic home is here to stay: the foundation has recently been stabilized, with a smart jack system and a transferable warranty from Davenport Construction. Whether you need a home with quick access to the action downtown, one that is close to the University and hospitals, or if you're drawn to the idea of simple living in a small home, this property is sure to delight!

Listed by Marta Sloan · Summit Sotheby's International Realty

Location

236 S IOWA E ST, Salt Lake City, UT 84102

Proforma

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Cap Rate

3.05%

Cash-on-Cash

-4.34%

Cash Flow

-$570/mo

Purchase Price$420,000
Down Payment35% ($147,000)
Interest Rate6.00%
Monthly Rent$1,604/mo
Vacancy5%
Expense Ratio30% ($5,486)

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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 10/8/2026, 12:16:31 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.