- Great Deal (vs Market)
- Price cut 26%
5 S 500 W #616, Salt Lake City, UT 84101
$320,000
Originally listed at $430,000
Est. $2,281/mo
- Bed
- 1
- Bath
- 1
- Sq ft
- 697
- Built
- 2004
Why this home stands out
- Priced 22% below AVM estimate
- 26% price reduction from original list
- 159.0 days on market — potential negotiation opportunity
About this home
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.
Features
- Fireplace
- Alarm: Fire
- Bath: Primary
- Bath: Sep. Tub/Shower
- Closet: Walk-In
- Disposal
- Gas Log
- Oven: Gas
- Range: Gas
- Granite Countertops
- Balcony
- Double Pane Windows
- Entry (Foyer)
- Lighting
- Porch: Open
- Secured Building
- Secured Parking
- Patio: 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 Sean Caldwell
KW South Valley Keller Williams
MLS #2160482
Your message goes only to Juston.
See the deal analysis, value and rental income
Ask Juston how this home rates as a deal, what it should sell for, and what it could earn as a long-term or short-term rental.
- Deal score
- Estimated value
- Rental income
Schools
Salt Lake- Wasatch
Elementary
- Bryant
Middle School
- East
High School
- Salt Lake Arts Academy
K-8 School · 1.6 mi
56% proficient - Emerson School
K-8 School · 2.0 mi
58% proficient - Salt Lake Center for Science Education
High School · 2.2 mi
59% proficient
Nearby
Recreation
75 / 100- Local Park · 500 West Street Commons525 ft
- Trailhead · 600 S (JRP)1.3 mi
- Golf Course · Roots Disc Golf Course2.6 mi
- State Park · Jordan River OHV State Park3.7 mi
Show 2 more
- Airport · Salt Lake City Intl Airport4.2 mi
- Ski Resort · Snowbird Ski and Summer Resort19 mi
Everyday needs
74 / 100- School · West High0.5 mi
- Restaurant · Leatherby's Family Creamery0.6 mi
- Cafe · Old Cuss0.9 mi
- Fire Station · Salt Lake City Fire Station Number 61.3 mi
Show 9 more
- Grocery · Food Market2.2 mi
- Doctors · Dr. Ronald G Duerksen MD PC2.4 mi
- Bank · Zions Bank2.4 mi
- Pharmacy · SavOn Pharmacy2.4 mi
- Park · Utah Dog Park Airport2.4 mi
- EV Charging · ChargePoint Charging Station2.4 mi
- Gas Station · 7-Eleven Fuel2.9 mi
- Hospital · VA Medical Hospital3.6 mi
- Gym · Salt Lake Tennis & Health Club4.7 mi
Internet
Excellent · fiber · 100/100Utah Telecommunication Open Infrastructure Agency
Fiber · 10 Gbps
Google Fiber
Fiber · 8 Gbps
SenaWave
Fiber · 2.5 Gbps
All 15 providers
- Utah Telecommunication Open Infrastructure AgencyFiber10 Gbps10 Gbps
- Google FiberFiber8 Gbps8 Gbps
- SenaWaveFiber2.5 Gbps2.5 Gbps
- XfinityCable2 Gbps2 Gbps
- XfinityFiber2 Gbps250 Mbps
- Beehive BroadbandFiber1 Gbps1 Gbps
- CenturyLinkFiber1 Gbps1 Gbps
- Quantum FiberFiber1 Gbps1 Gbps
- SenaWaveFixed Wireless1 Gbps1 Gbps
- VerizonFixed Wireless1 Gbps75 Mbps
- StarlinkSatellite280 Mbps30 Mbps
- CenturyLinkDSL140 Mbps20 Mbps
- AT&TFixed Wireless100 Mbps20 Mbps
- HughesNetSatellite100 Mbps5 Mbps
- T-MobileFixed Wireless100 Mbps20 Mbps
- Utah BroadbandFixed Wireless100 Mbps25 Mbps
- Viasat IncSatellite100 Mbps3 Mbps
- Rise BroadbandFixed Wireless25 Mbps5 Mbps
Home details
Property
- Type
- Residential
- Style
- Condominium
- Architectural style
- Condo; High Rise
- Year built
- 2004
- Stories
- 1
- Above grade area
- 697 sq ft
- Condition
- Blt./Standing
- Construction
- Stone,Stucco
- Subdivision
- PARC AT GATEWAY
- County
- Salt Lake
- MLS #
- 2160482
Costs
- List price
- $320,000
- Original price
- $430,000
- HOA
- $321 / Monthly
- Annual taxes
- $1,745
- Home warranty
- No
Lot and parking
- Lot
- 436 sqft
- Lot features
- Road: Paved,Sidewalks,Sprinkler: Auto-Part,View: Mountain,Drip Irrigation: Auto-Part,Private
- Garage
- 1 car
- Covered spaces
- 1
- Total parking
- 1
Systems
- Heating
- Forced Air,Hot Water
- Cooling
- Central Air
- Roof
- Flat,Rubber
- Flooring
- Carpet,Laminate,Tile
- Basement
- None
- Laundry
- Electric Dryer Hookup
- Patio and porch
- Porch: Open,Patio: Open
- Water
- Culinary
- Sewer
- Sewer: Connected
- View
- Mountain(s)
All home details59 details
Property Info
- Property Type
- Residential
- Property Style
- Condominium
- Architectural Style
- Condo; High Rise
- Condition
- Blt./Standing
- MLS #
- 2160482
- County
- Salt Lake
- Subdivision
- PARC AT GATEWAY
- Year Built
- 2004
- New Construction
- No
- Stories
- 1
- Total Rooms
- 6
- Living Area
- 697 sq ft
- Above Grade Area
- 697 sq ft
- Lot Size (Acres)
- 0.01
- Lot Size
- 435.6 sq ft
Bedrooms & Baths
- Bedrooms
- 1
- Total Bathrooms
- 1
- Full Baths
- 1
Financial
- List Price
- $320,000
- Original Price
- $430,000
- HOA Fees
- $321
- HOA Frequency
- Monthly
- HOA
- Yes
- Annual Taxes
- $1,745
- Home Warranty
- No
Structure
- Construction
- Stone,Stucco
- Basement
- None
- Roof
- Flat,Rubber
- Flooring
- Carpet,Laminate,Tile
- Heating
- Forced Air,Hot Water
- Cooling
- Central Air
- Laundry
- Electric Dryer Hookup
- Patio & Porch
- Porch: Open,Patio: Open
Lot & Land
- Lot Features
- Road: Paved,Sidewalks,Sprinkler: Auto-Part,View: Mountain,Drip Irrigation: Auto-Part,Private
- Topography
- Road: Paved, Sidewalks, Sprinkler: Auto-Part, Terrain, Flat, View: Mountain, Drip Irrigation: Auto-Part, Private
- View
- Mountain(s)
- Waterfront
- No
- Horse Property
- No
Parking
- Garage
- Yes
- Garage Spaces
- 1
- Carport
- No
- Covered Spaces
- 1
- Total Parking
- 1
- ADU
- No
Amenities
- Fireplace
- Yes
- Fireplaces
- 1
- Pool
- No
- Spa/Hot Tub
- No
Utilities
- Water Source
- Culinary
- Sewer
- Sewer: Connected
- Utilities
- Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected
Schools
- Elementary
- Wasatch
- Middle School
- Bryant
- High School
- East
- Elementary District
- Salt Lake
Timeline
- Listed
- May 26, 2026
- Days on Market
- 150
- Status
- Active
Media
- Property Website
- Visit website
Salt Lake City market
Explore Salt Lake CitySalt Lake City median
$548,900
This home: 42% below
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
PARC AT GATEWAY5 S 500 W #616, Salt Lake City, UT 84101
Open in map searchCommon questions
About 5 S 500 W #616, Salt Lake City, UtahWhat is the asking price for 5 S 500 W #616, Salt Lake City?
5 S 500 W #616, Salt Lake City is listed at $320,000 ($459/sqft). The original list price was $430,000, representing a reduction of $110,000. This listing is currently active and available for showings.
Is 5 S 500 W #616, Salt Lake City a good deal?
Propaired's AI deal analysis classifies this property as a "Great Deal (vs Market)" with a deal score of 100/100. Key deal signals: Priced 22% below AVM estimate; 26% price reduction from original list; 159.0 days on market — potential negotiation opportunity. The price is 0% above similar homes in the area. This analysis considers price relative to comparables, days on market, price reductions, and market conditions.
Is 5 S 500 W #616, Salt Lake City a good investment property?
Based on market rental data, this property has an estimated annual rent of $18,671 with a gross rental yield of 5.8%. Net rental yield (after estimated expenses): 3.8%. Estimated debt service coverage ratio (DSCR): 0.79. Investor score: 49/100. These are estimates based on area comparables.
What lifestyle features does 5 S 500 W #616, Salt Lake City offer?
Propaired's AI has identified 5 lifestyle features for this property: Gated Community, Investor Special, Walkable, Bikeable, Transit Friendly. The primary lifestyle niche is "investor_special." These tags are derived from MLS data, property features, and location analysis.
What recreation is near 5 S 500 W #616, Salt Lake City?
This property has a recreation score of 75/100. Nearby recreation includes: 600 S (JRP) trailhead (1.3 mi); 500 West Street Commons park (0.1 mi); Roots Disc Golf Course (2.6 mi); Jordan River OHV State Park (3.7 mi). Skiing: Snowbird Ski and Summer Resort (18.6 mi). Utah offers world-class outdoor recreation year-round, from skiing to hiking to national parks.
What amenities and services are near 5 S 500 W #616, Salt Lake City?
This property has an amenity proximity score of 74/100. Nearby services include: Grocery: Food Market (2.2 mi); Hospital: VA Medical Hospital (3.6 mi); Pharmacy: SavOn Pharmacy (2.4 mi); Dining: Leatherby's Family Creamery (0.6 mi). Gas station: 2.9 miles. Gym: Salt Lake Tennis & Health Club (4.7 mi).
All 8 questions
What schools serve 5 S 500 W #616, Salt Lake City?
Assigned schools: Elementary: Wasatch; Middle: Bryant; High: East. 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 (2.2 miles away). School district: Salt Lake.
What is the internet speed at 5 S 500 W #616, Salt Lake City?
This property has a broadband score of 100/100 (Excellent). Best available speed: 10000 Mbps download / 10000 Mbps upload. Fiber internet is available at this address. Available providers: AT&T (100 Mbps, Fixed Wireless); Beehive Broadband (1000 Mbps, Fiber); CenturyLink (1000 Mbps, Fiber). Total providers: 15.
Similar Homes
$430,000
New today1 bd · 1 ba · 697 sqft
5 S 500 W #616, Salt Lake City, UT 84101
Est. $2,805/mo
$449,000
was $475,0002 bd · 2 ba · 938 sqft
230 E BROADWAY ##1109, Salt Lake City, UT 84111
Est. $3,074/mo
$600,000
was $625,0001 bd · 1 ba · 854 sqft
35 E 100 S #1409, Salt Lake City, UT 84111
Est. $4,013/mo
$445,000
was $460,0002 bd · 2 ba · 931 sqft
230 E BROADWAY #1006, Salt Lake City, UT 84111
Est. $3,051/mo
$749,000
64 days on market1 bd · 1 ba · 941 sqft
99 W SOUTH TEMPLE ST #1205, Salt Lake City, UT 84101
Est. $4,953/mo
Find your next home
Save homes, see what they are worth and what they could rent for, and work with a local agent.