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257 W BISHOP PL, Salt Lake City, UT — photo 11 / 30

$559,900

Reduced from $600,067 · 1 day ago

257 W BISHOP PL, Salt Lake City, UT 84103

Type

Townhouse

List Price

$559,900

Price/Sqft

$386

Est Gross Yield

4.0%

$22,524/yr est.

Property Details

Property typeTownhouse
Year built2025
Total units1
Living area1,450 sqft
Bedrooms2
Bathrooms2
Lot size0.01 acres
Parking1 spaces
Days on market2
Listed2026-09-19T00:00:00+00:00

Description

Fall in Love with City Living! Incredible Savings of Up to $15,000! Discover the perfect place to call home this fall at Bishop Place, where modern living meets the charm of Salt Lake City's historic Marmalade District. Imagine crisp autumn mornings with a warm coffee from your favorite neighborhood caf, afternoon strolls through tree-lined streets, and cozy evenings enjoying everything downtown has to offer. With the Marmalade Library just half a block away, local restaurants and shops within walking distance, and the Delta Center nearby for Jazz games, NHL hockey, and concerts, there's always something to experience right outside your door. Enjoy the convenience of being minutes from City Creek Mall, The Gateway, Temple Square, and downtown's best dining and entertainment. Quick freeway access puts the airport just 10 minutes away, the University of Utah 15 minutes away, and Utah's world-class ski resorts within easy reach as the seasons change from colorful fall foliage to fresh mountain snow. Inside, this beautiful new townhome offers the perfect balance of style, comfort, and efficiency. Expansive windows fill the open-concept living spaces with natural light, while quartz countertops, modern tile, and durable luxury flooring create an inviting setting for everything from cozy nights in to holiday gatherings with friends. A private garage adds everyday convenience, while Garbett Homes' advanced energy-efficient construction, Solar-E windows, superior insulation, smart thermostat, EV charging outlet, and efficient hot water system are designed for year-round comfort and lower utility costs. Your next chapter starts here! With incredible savings of up to $15,000 and preferred-lender financing options available, this is your opportunity to enjoy a low-maintenance lifestyle in one of Salt Lake City's most connected neighborhoods. Come experience Bishop Place this fall and discover why there's no place quite like home!

Listed by Janie Despain Mathis · Garbett Homes

Location

257 W BISHOP PL, Salt Lake City, UT 84103

Proforma

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Cap Rate

2.68%

Cash-on-Cash

-5.34%

Cash Flow

-$934/mo

Purchase Price$559,900
Down Payment35% ($195,965)
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 9/21/2026, 3:04:03 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.