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887 E 3RD AVE, Salt Lake City, UT — photo 11 / 40
Single Family

$740,000

887 E 3RD AVE, Salt Lake City, UT 84103

Type

SFR

List Price

$740,000

Price/Sqft

$390

Est Gross Yield

3.8%

$28,368/yr est.

Property Details

Property typeSingle Family
Year built1891
Total units1
Living area1,897 sqft
Bedrooms3
Bathrooms2
Lot size0.13 acres
Days on market41
Listed2026-08-02T00:00:00+00:00

Description

Nestled in Salt Lake City's highly desirable Avenues Historic District, this charming 3 bedroom, 2 bath home beautifully blends historic character with modern comfort. At approximately 2,000 square feet, the home features hardwood floors, arched doorways, fresh interior paint, and abundant natural light including skylights. The open floor plan and vaulted ceilings create an airy, spacious feel that lives much larger than its footprint. The versatile lofted spaces offer endless possibilities, whether you envision a home office, reading nook, creative studio, lounge area, or an additional sleeping space. The kitchen flows seamlessly to the dining area, living room, sunroom and is adjacent to the back yard outdoor deck. One of the bedrooms has its own private entrance and kitchenette, ideal for guests, a home office or rental income. An unfinished basement provides generous storage space and exciting opportunities for future expansion. Relax under the night sky in the bluetooth-enabled spa and enjoy the back yard terraced deck with cozy fire table. This home sits on a corner lot with room to add a garage. Walking distance to restaurants and dog park. Just minutes from downtown, the University of Utah, Memory Grove, City Creek Canyon, and miles of hiking and biking trails, this home offers the perfect combination of historic charm, flexible living space, and an unbeatable location.

Listed by Gina Koziatek · Coldwell Banker Realty (Salt Lake-Sugar House)

Location

887 E 3RD AVE, Salt Lake City, UT 84103

Proforma

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Cap Rate

2.55%

Cash-on-Cash

-5.67%

Cash Flow

-$1,312/mo

Purchase Price$740,000
Down Payment35% ($259,000)
Interest Rate6.00%
Monthly Rent$2,364/mo
Vacancy5%
Expense Ratio30% ($8,085)

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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 9/12/2026, 6:59:52 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.