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656 S UNIVERSITY E ST, Salt Lake City, UT — photo 11 / 31
Single FamilySeller Financing

$835,000Single Family at 656 S UNIVERSITY E ST, Salt Lake City, UT

656 S UNIVERSITY E ST, Salt Lake City, UT 84102

Type

SFR

List Price

$835,000

Price/Sqft

$415

Est Gross Yield

4.1%

$34,188/yr est.

Property Details

Property typeSingle Family
Year built1989
Total units1
Living area2,010 sqft
Bedrooms3
Bathrooms3
Lot size0.13 acres
Parking6 spaces
Days on market6
Listed2026-11-06T00:00:00+00:00

Description

Okay, this is it! Beautifully renovated home with wonderful SECOND UNIT on a quiet street within walking distance of the University of Utah, hospitals, and TRAX! Approximately 2,100 square feet with two bright, updated residences, each offering private laundry and outdoor space. UNIT A features 2bed/2bath including a spacious primary suite with a large walk-in closet and double vanity bath. The second bedroom also has its own generous private bathroom. Beautiful hardwood floors, large kitchen with new appliances, updated bathrooms, fresh paint, carpet and tile, an attached one-car garage, and a big deck. UNIT B offers high ceilings 1bed/1bath with large windows, abundant natural light, updated finishes, new appliances, private laundry, its own driveway, and a generous outdoor area. You really need to see this one to appreciate the condition and space. A wonderful opportunity to live in one unit and rent the other, or own an investment property in a highly desirable University District location!

Listed by Sandra Poole Sweetland · Coldwell Banker Realty (Salt Lake-Sugar House)

Location

656 S UNIVERSITY E ST, Salt Lake City, UT 84102

Proforma

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Cap Rate

2.72%

Cash-on-Cash

-5.21%

Cash Flow

-$1,359/mo

Purchase Price$835,000
Down Payment35% ($292,250)
Interest Rate6.00%
Monthly Rent$2,849/mo
Vacancy5%
Expense Ratio30% ($9,744)

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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 11/12/2026, 9:07:28 AM. 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.