ActiveResidential · sale

231 S EDISON ST #3

Salt Lake City, UT 84111

$985,000

  • 2 beds
  • 2 baths
  • 1,574 sq ft
  • 0.01 acres
  • Built 1899

Listed by Coldwell Banker Realty (Salt Lake-Sugar House) · MLS #2115526

A FEW THINGS TO NOTICE

What stands out.

Details worth a look

Top it all off with your very own 400 sq ft rooftop deck-wired and ready for a hot tub, or simply a dreamy spot to unwind with friends, cocktails, and sunsets.

Year built

Built in 1899.

Property size

0.01 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Price Improvement! Recently renovated in 2024. Zoned D1, possibly allows for short-term rentals, this unit presents a compelling opportunity-whether you're seeking a high-end investment property or a personal downtown retreat. This one-of-a-kind, luxury loft is unlike anything else in the city-boasting a bold, open layout that's both visually striking and functionally smart. Spanning three dramatic levels, this industrial-chic space is packed with design-forward features: exposed brick, original wood beams, and soaring 22' ceilings (stretching up to 32' as the staircase winds through the levels). Massive 9x9 city-facing windows flood the space with natural light and serve up stunning views of the vibrant downtown streetscape below. The main floor is made for entertaining, with a sleek kitchen, open-concept living/dining area, and a convenient guest bath. Upstairs, a mezzanine flex space makes the perfect second bedroom, home office, or creative studio, while the third level offers a spacious and private primary suite, full bath, and laundry. Top it all off with your very own 400 sq ft rooftop deck-wired and ready for a hot tub, or simply a dreamy spot to unwind with friends, cocktails, and sunsets. Perfectly situated in a quiet alley between 200 and 300 South, you're steps from the best of Salt Lake's nightlife, food, theaters and more. Plus you're minutes aways from shopping, a full-service grocery store, gym, convention center and everything else downtown has to offer. Don't forget just a quick drive to world-class ski resorts and endless outdoor recreation-from mountain trails to powder days, it's all within reach. This is urban living redefined: bold design, unbeatable location, and unmatched downtown energy. Don't miss your shot to own this truly rare, luxury boutique loft in the heart of it all.

THE NEIGHBORHOOD

Explore the location.

231 S EDISON ST #3, Salt Lake City, UT 84111

Loading property map…

Map position comes from the listing source. Open directions in Google Maps

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1899
Full baths
1
Appliances
Portable Dishwasher,Range Hood
Flooring
Tile,Vinyl
Utilities
Natural Gas Connected,Electricity Connected,Sewer: Public,Water Connected
Accessibility
Accessible Doors,Accessible Hallway(s)
Pool
No
Spa
No
Subdivision
THE WARHOL LOFTS
Zoning
Single-Family, Short Term Rental Allowed
Parcel
16-06-186-003
HOA amenities
Alarm System Paid,Controlled Access,Earthquake Insurance,Gated,Insurance,Maintenance,Pets Permitted,Security,Sewer Paid,Snow Removal,Storage,Trash,Water
HOA fee frequency
Monthly
Elementary school
Bennion (M Lynn)
Middle school
Bryant
High school
West
Annual property tax
$2,855.00
HOA fee
$650.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase$2,080.38
Estimated monthly rent$4,104.17
Cap rate2.78%

Annual operating income: $27,427.03

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

YOUR CAREER. YOUR NEXT CHAPTER.

Find your place in real estate.

Just getting started?

Explore real estate education and available licensing courses through ARTI Academics.

Become a real estate agent

Ready to work with ERA?

Discover the people, broker support, technology and education behind an ERA real estate career.

Join ERA Brokers

Moving for work?

Explore ERA Corporate Services for relocation assistance, employer programs, and information for veterans and military families.

Explore Corporate Services
Contact ERA about this property

Ask about this property.

231 S EDISON ST #3, Salt Lake City, UT 84111 · MLS #2115526

Your preferred tour

Times are local to the property. Your tour is not scheduled until an agent confirms.

Your purchase plans

Property inquiries go to help@erabrokers.com.

More in Salt Lake City.

Listing information

MLS #2115526 · Utah Real Estate MLS

Listing brokerage: Coldwell Banker Realty (Salt Lake-Sugar House)
Listing agent: Melany White-Flory

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. 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.