Back to listings
487 E NINTH AVE, Salt Lake City, UT — photo 11 / 43
Single FamilyADU

$1,000,000

487 E NINTH AVE, Salt Lake City, UT 84103

Type

SFR

List Price

$1.00M

Price/Sqft

$363

Est Gross Yield

2.8%

$28,368/yr est.

Property Details

Property typeSingle Family
Year built1936
Total units1
Living area2,756 sqft
Bedrooms3
Bathrooms2
Lot size0.14 acres
Parking6 spaces
Days on market104
Listed2026-05-22T00:00:00+00:00

Description

There is something special about a home that feels welcoming the moment you see it, and this updated Tudor in the coveted Avenues does exactly that. With timeless curb appeal, architectural character, beautiful valley views, and the rare convenience of a 2-car garage, it offers the kind of charm that makes you want to slow down and stay awhile. Just moments from downtown and the University of Utah, the location brings together neighborhood charm, everyday convenience, and access to some of Salt Lake's most loved destinations. Now with a $100K price improvement, this home thoughtfully blends classic character with modern comfort, including two refreshed kitchens, updated flooring and paint, spacious bedrooms, and a warm family room with plenty of storage. The optional basement apartment adds flexibility for loved ones, guests, or additional living space. Outside, the private covered patio, new landscaping, and pre-wired hot tub area create a peaceful place to gather, unwind, and make lasting memories. Full of comfort, character, and possibility, this is a home ready to be loved.

Listed by Jennifer Beck · Coldwell Banker Realty (Salt Lake-Sugar House)

Location

487 E NINTH AVE, Salt Lake City, UT 84103

Proforma

Drag sliders to explore the deal

Cap Rate

1.89%

Cash-on-Cash

-7.44%

Cash Flow

-$2,325/mo

Purchase Price$1,000,000
Down Payment35% ($350,000)
Interest Rate6.00%
Monthly Rent$2,364/mo
Vacancy5%
Expense Ratio30% ($8,085)

Quick estimates only. Switch to Detailed for full line-item control.

Pro forma estimates are based on assumptions, not guaranteed, and should not be relied upon.

DISCLAIMER: The information provided on this website, including property details, pricing, projections, and availability, is for informational purposes only and may change without notice. While Canovo Group, LLC strives to maintain accurate and up-to-date information, we do not guarantee its completeness or accuracy. Users should independently verify all information and property details, including availability and any leasing conditions, with the listing agent or property owner before making any decisions. Canovo Group, LLC is not responsible for any errors, omissions, or third-party content and makes no representations or warranties regarding the properties listed. Neither Canovo Group, LLC nor its affiliates are acting as your real estate agent or broker, nor do we represent or endorse any properties or parties unless expressly stated in a separate written agreement. This website is not an offer or solicitation to buy, sell, or lease any property. All transactions are the sole responsibility of the parties involved.

© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 9/3/2026, 8:07:11 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.