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2555 E ELM AVE, Salt Lake City, UT 84109
$919,900
2555 E ELM AVE, Salt Lake City, UT 84109
Units
2
Price/Unit
$459,950
Price/Sqft
$337
Est Gross Yield
5.4%
$49,896/yr est.
Property Details
Unit Mix
| Type | Count | Beds | Baths | Sqft | Rent/Mo |
|---|---|---|---|---|---|
| 2BR / 1BA | 1 | 2 | 1 | 1,363 | $2,000/mo |
| 3BR / 2BA | 1 | 3 | 2 | 1,363 | $2,400/mo |
| Total | 2 | 5 | 3 | 2,726 | $4,400/mo |
Unit mix data is reported by the seller or listing agent through the MLS and may be inaccurate or incomplete. Buyers should independently verify all information and conduct their own due diligence before making any investment decisions.
Description
Incredible investment property in the highly desirable Country Club Heights neighborhood. This updated duplex generates $4,400/month ($52,800/year) in current rental income. Ideally located for students, medical professionals, and outdoor enthusiasts, this property is just minutes from the University of Utah, offers quick freeway and canyon access, and is approximately 20 minutes from Park City. Each unit offers 1,363 square feet of living space, with a 2-bedroom/1-bath unit currently renting for $2,000/month and a 3-bedroom/2-bath unit currently renting for $2,400/month. The property features remodeled kitchens and bathrooms, hardwood floors, updated HVAC systems, a replaced roof, freshly painted siding and deck, mature landscaping, a stone patio, and a detached 2-car garage with workshop. The upper kitchen opens to a nice deck with mountain and valley views. Separate gas and electric meters add convenience for tenants and owners. A central interior staircase provides flexibility for future use as a single-family residence, multi-generational home, or owner-occupied duplex. Both units are currently leased through July 2027. For a buyer seeking earlier occupancy, the seller may be willing to facilitate a negotiated early lease termination/buyout of one unit, subject to tenant agreement. Buyer to verify all listing details. Tied to MLS #2185136
Listed by William Floor · Netlogix Realty
Location
2555 E ELM AVE, Salt Lake City, UT 84109
Proforma
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Cap Rate
3.61%
Cash-on-Cash
-2.85%
Cash Flow
-$820/mo
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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 11/10/2026, 3:24:51 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.