- Pending
- Price cut 11%
42 W 500 N, Salt Lake City, UT 84103
$949,000
Originally listed at $1,069,000
Est. $5,486/mo
- Beds
- 6
- Baths
- 4
- Sq ft
- 2,688
- Built
- 1938
About this home
NEW HUGE PRICE IMPROVEMENT now below appraisal that was done after renovation! Don't miss this! Prime Investment Area with good income, in Salt Lake City behind Utah State Capital and the highly desired Marmalade District! Live, work, and invest here! Gorgeous view of the Capital, Park, Mountains, & Valley, this REMODELED Triplex + Studio INTERIOR has been recently Remodeled & updated into a Triplex - from the Studs Up! 2023 NEW- Plumbing, New Electrical, double pane Windows, Walls, Fixtures, HVAC, Lighting, Appliances & more finished with required permits! "Don't Judge A Book By It's Cover!" The Exterior still could use a renovation with some paint & updates, but the value that has been added to this interior is great investment! Approved as a Legal non-conforming Triplex + Studio Apt w Separate Basement Entrance. RENTAL INCOME as much as $6620 per month includes utilities. Largest Unit #40 Rents $2520 is and has a studio apt with 7th Room (non-egress). Unit #42 Rents $1800 has tenants., Unit #44 Furnished MTR Airbnb rents vary seasonally, currently $2050.76 average (bottom west side). All Units Tenant occupied & need at least 24 Hr notice. Please don't bother tenants. Buyer to verify all. Square footage figures are provided as a courtesy estimate only and were obtained from County . Buyer is advised to obtain an independent measurement.
Features
- Basement Apartment
- Disposal
- Kitchen: Second
- Kitchen: Updated
- Mother-in-Law Apt.
- Range/Oven: Free Stdng.
- Dishwasher: Built-In
- Basement Entrance
- Double Pane Windows
- Patio: Covered
- Porch: Open
Agents
Connect with your buyer agent
Get local guidance on this home from Juston.
Salt Lake County Realtor | Smart Real Estate. Lasting Legacy.
20 yrs experience
Listed by Cherie Orellana
Platinum Place Realty
MLS #2154730
Your message goes only to Juston.
Schools
Salt Lake- Washington
Elementary
- Northwest
Middle School
- West
High School
- Salt Lake Arts Academy
K-8 School · 2.0 mi
56% proficient - Salt Lake Center for Science Education
High School · 2.3 mi
59% proficient - Emerson School
K-8 School · 2.8 mi
58% proficient
Home details
Property
- Type
- Residential
- Style
- Triplex
- Architectural style
- Side By Side
- Year built
- 1938
- Stories
- 0
- Condition
- Blt./Standing
- Construction
- Brick,Concrete
- County
- Salt Lake
- Zoning
- Multi-Family
- MLS #
- 2154730
Costs
- List price
- $949,000
- Original price
- $1,069,000
- Annual taxes
- $3,897
- Home warranty
- No
Lot and parking
- Lot
- 3,920 sqft
- Lot features
- Corner Lot,Curb & Gutter,Fenced: Part,Road: Paved,Secluded,Terrain: Grad Slope,View: Mountain,View: Valley
- Garage
- 2 cars
- Covered spaces
- 2
- Total parking
- 4
Systems
- Heating
- Electric,Forced Air
- Roof
- Asphalt,Pitched
- Laundry
- Electric Dryer Hookup
- Patio and porch
- Covered,Porch: Open
- Water
- Culinary
- Sewer
- Sewer: Connected,Sewer: Public
- View
- Mountain(s),Valley
All home details54 details
Property Info
- Property Type
- Residential
- Property Style
- Triplex
- Architectural Style
- Side By Side
- Condition
- Blt./Standing
- MLS #
- 2154730
- County
- Salt Lake
- Year Built
- 1938
- New Construction
- No
- Stories
- 0
- Total Rooms
- 0
- Living Area
- 2,688 sq ft
- Lot Size (Acres)
- 0.09
- Lot Size
- 3,920.4 sq ft
- Zoning
- Multi-Family
Bedrooms & Baths
- Bedrooms
- 6
- Total Bathrooms
- 4
Financial
- List Price
- $949,000
- Original Price
- $1,069,000
- HOA
- No
- Annual Taxes
- $3,897
- Home Warranty
- No
Structure
- Construction
- Brick,Concrete
- Roof
- Asphalt,Pitched
- Heating
- Electric,Forced Air
- Laundry
- Electric Dryer Hookup
- Patio & Porch
- Covered,Porch: Open
Lot & Land
- Lot Features
- Corner Lot,Curb & Gutter,Fenced: Part,Road: Paved,Secluded,Terrain: Grad Slope,View: Mountain,View: Valley
- Topography
- Corner Lot, Curb & Gutter, Fenced: Part, Road: Paved, Secluded Yard, Terrain: Grad Slope, View: Mountain, View: Valley
- View
- Mountain(s),Valley
- Waterfront
- No
- Horse Property
- No
Parking
- Garage
- Yes
- Garage Spaces
- 2
- Carport
- No
- Covered Spaces
- 2
- Open Parking
- 2
- Total Parking
- 4
- ADU
- No
Amenities
- Fireplace
- No
- Pool
- No
- Spa/Hot Tub
- No
- Inclusions
- Dryer, Microwave, Range, Refrigerator, Washer, Window Coverings
Utilities
- Water Source
- Culinary
- Sewer
- Sewer: Connected,Sewer: Public
- Utilities
- Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected
Schools
- Elementary
- Washington
- Middle School
- Northwest
- High School
- West
- Elementary District
- Salt Lake
Timeline
- Listed
- May 1, 2026
- Days on Market
- 179
- Status
- Pending
- MLS Status
- Under Contract
Media
- 3D Tour
- View 3D tour
Salt Lake City market
Explore Salt Lake CitySalt Lake City median
$548,900
This home: 73% above
Days to sell
54
Utah: 70
Homes for sale
801
Price range
$185k – $8M
Sale to list
98%
Market
Buyer's market
SafetyHigh Crime · 147.1 incidents per 1,000 residents · 217% above the Utah average
Safety rating 1.0 out of 10.
Violent
28.7
per 1,000 · national 3.6
Property
83.9
per 1,000 · national 17.6
vs Utah
+217%
46.4 per 1,000 statewide
vs Salt Lake
+118%
67.5 per 1,000 countywide
Society
34.5
per 1,000
Population 212,675 · 2024 reports · Local rates use NIBRS; national rates use FBI UCR index crimes, which count fewer offense types.
Location
42 W 500 N, Salt Lake City, UT 84103
Open in map searchCommon questions
About 42 W 500 N, Salt Lake City, UtahWhat is the asking price for 42 W 500 N, Salt Lake City?
42 W 500 N, Salt Lake City is listed at $949,000 ($353/sqft). The original list price was $1,069,000, representing a reduction of $120,000. Current status: Pending.
How long has 42 W 500 N, Salt Lake City been on the market?
This property has been listed for 179 days. The average days on market in Salt Lake City is 54 days, meaning this listing is taking longer than the local average. Extended time on market may present negotiation opportunities for buyers.
What schools serve 42 W 500 N, Salt Lake City?
Assigned schools: Elementary: Washington; Middle: Northwest; High: West. There are 3 schools within 3 miles of this property. The highest-rated nearby school is Salt Lake Center for Science Education with a 59% state performance score (2.3 miles away). School district: Salt Lake.
How does this listing compare to the Salt Lake City market?
42 W 500 N, Salt Lake City is listed at $949,000, which is above the Salt Lake City median of $548,900 by $400,100. There are currently 801 active listings in Salt Lake City. Homes in Salt Lake City sell in an average of 54 days. The average sale-to-list ratio is 98.3%.
What is the commute like from 42 W 500 N, Salt Lake City?
42 W 500 N, Salt Lake City is located in Salt Lake City, in the Wasatch Front region of Utah. With a population of approximately 199,000, Salt Lake City has good transportation access. Commute times vary by destination — most Wasatch Front cities are within 30-60 minutes of downtown Salt Lake City via I-15. Consider rush-hour traffic patterns when evaluating this location.
What would homeowner's insurance cost for 42 W 500 N, Salt Lake City?
Homeowner's insurance in Utah typically ranges from 0.3% to 0.5% of the home's value annually. For a home listed at $949,000, expect approximately $2,847-$4,745/year ($237-$395/month). Older homes may see higher premiums due to outdated electrical or plumbing systems. Get multiple quotes — rates vary significantly by insurer.
All 8 questions
Could 42 W 500 N, Salt Lake City be a 1031 exchange property?
Yes, 42 W 500 N, Salt Lake City could potentially qualify for a 1031 like-kind exchange if used as an investment or business property. A 1031 exchange allows deferral of capital gains taxes by reinvesting proceeds from one investment property into another. Key requirements include identifying a replacement property within 45 days and closing within 180 days. The property must be held for investment purposes — personal residences do not qualify. Consult a qualified intermediary and tax advisor for specific guidance.
How many bedrooms and bathrooms does 42 W 500 N, Salt Lake City have?
This Residential features 6 bedrooms, 4 bathrooms, 2,688 square feet of living space. The lot is 0.09 acres.
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