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2555 E ELM S AVE, Salt Lake City, UT — photo 11 / 30
Single FamilyADU

$959,900

2555 E ELM S AVE, Salt Lake City, UT 84109

Type

SFR

List Price

$959,900

Price/Sqft

$352

Est Gross Yield

4.0%

$38,760/yr est.

Property Details

Property typeSingle Family
Year built1979
Total units1
Living area2,726 sqft
Bedrooms5
Bathrooms3
Lot size0.17 acres
Parking7 spaces
Days on market0
Listed2026-09-14T00:00:00+00:00

Description

Live Where the City Meets the Mountains! Location. Lifestyle. Flexibility. Income Potential. This exceptional brick rambler puts you right where you want to be on a quiet, tree-lined Salt Lake City street at the mouth of Parleys Canyon, just minutes from the University of Utah and with Park City and some of the best skiing in the country only about 20 minutes away! Step inside and you'll immediately appreciate the large, comfortable rooms and timeless character of this wonderful home. Hardwood floors, remodeled kitchens and baths, updated HVAC systems, a replaced roof, and freshly painted siding and deck mean many of the big-ticket improvements have already been taken care of. The kitchen opens onto a fantastic deck with views , the perfect place for morning coffee or an evening gathering with friends. Outside, the beautifully landscaped yard features a stone patio, creating a private space to relax and entertain. For the hobbyist, outdoor enthusiast, or anyone needing extra space, the property offers a 2-car garage plus a shop! Plenty of room for cars, bikes, skis, tools, toys, and projects. And Then There's the Opportunity! This property is formally zoned as a duplex (See MLS#2185150) with separate utilities, making it a truly unique opportunity for an owner occupant. Live in one portion and rent the other to help offset your mortgage, or use the entire property as a spacious single-family home. A central staircase connects the home, giving you the flexibility to configure it around your lifestyle, whether that's single-family living, rental income, multi-generational living, or a combination of the two. University access. Canyon access. Skiing access. City views. Income potential. It's hard to find a property that combines all of these advantages in one of Salt Lake City's most desirable locations! Buyer to verify all listing details. This home has existing leases that expire in July 2027.

Listed by William Floor · Netlogix Realty

Location

2555 E ELM S AVE, Salt Lake City, UT 84109

Proforma

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Cap Rate

2.69%

Cash-on-Cash

-5.31%

Cash Flow

-$1,593/mo

Purchase Price$959,900
Down Payment35% ($335,965)
Interest Rate6.00%
Monthly Rent$3,230/mo
Vacancy5%
Expense Ratio30% ($11,047)

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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 9/14/2026, 11:13:30 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.