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5 S 500 W, Salt Lake City, UT — photo 11 / 34

$320,000

Reduced from $340,000 · 1 day ago

5 S 500 W, Salt Lake City, UT 84101

Type

Condo

List Price

$320,000

Price/Sqft

$459

Est Gross Yield

5.9%

$18,876/yr est.

Property Details

Property typeCondo
Year built2004
Total units1
Living area697 sqft
Bedrooms1
Bathrooms1
Lot size0.01 acres
Parking1 spaces
Days on market120
Listed2026-05-26T00:00:00+00:00

Description

Experience the best of downtown Salt Lake City living in this beautifully updated condo! Ideally located in the heart of the Gateway District, you'll enjoy walkable access to premier dining, shopping, entertainment, and cultural attractions, including The Gateway, City Creek Center, Clark Planetarium, Temple Square, the Delta Center, and the Gallivan Center. With TRAX and FrontRunner nearby, commuting and exploring the city couldn't be easier. Inside, you'll find a modern, low-maintenance living space designed for comfort and convenience, making it perfect as a primary residence, second home, or investment opportunity. One of the greatest advantages of this location is the balance between vibrant city living and Utah's incredible outdoor lifestyle. Spend your mornings enjoying downtown cafs and your afternoons hiking scenic mountain trails, mountain biking, or skiing world-class resorts-all within approximately 30 minutes. This is the perfect opportunity to enjoy everything Salt Lake City has to offer from one exceptional location.

Listed by Sean Caldwell · KW South Valley Keller Williams

Location

5 S 500 W, Salt Lake City, UT 84101

Proforma

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Cap Rate

3.92%

Cash-on-Cash

-2.01%

Cash Flow

-$201/mo

Purchase Price$320,000
Down Payment35% ($112,000)
Interest Rate6.00%
Monthly Rent$1,573/mo
Vacancy5%
Expense Ratio30% ($5,380)

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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 9/23/2026, 7:11:24 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.