ActiveResidential · sale

338 E 700 S

Salt Lake City, UT 84111

$630,000

  • 3 beds
  • 2 baths
  • 1,600 sq ft
  • 0.11 acres
  • Built 1916

Listed by Real Broker, LLC · MLS #2171649

A FEW THINGS TO NOTICE

What stands out.

Living spaces

The lower level includes a spacious bedroom with an ensuite bathroom, walk-in closet, additional storage, and a cozy family room that can easily be used as a second living area, home office, fitness room, playroom, or media room.

Details worth a look

Raised garden beds with pre-installed irrigation make growing your own vegetables and flowers easy, while the detached two-car garage includes a built-in workbench that's perfect for projects, hobbies, or extra storage.

Year built

Built in 1916.

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

THE PROPERTY

Get to know the property.

Charm, character, and incredible versatility come together in this beautifully updated bungalow located in one of Salt Lake City's most sought-after neighborhoods! Whether you're searching for a place to call home, extra space for your family, or the potential for additional income, this property offers opportunities that are hard to find. Perfectly positioned just minutes from Liberty Park, the vibrant 9th & 9th district, TRAX, shopping, restaurants, and downtown Salt Lake City, you'll enjoy the convenience of city living while coming home to a quiet, established neighborhood full of charm. Inside, timeless character blends seamlessly with thoughtful modern updates. The main level features beautiful hardwood floors, an inviting fireplace, custom built-in cabinetry, upgraded LED recessed lighting, and an updated kitchen complete with butcher block countertops, a gas range, and plenty of workspace for cooking and entertaining. Two comfortable bedrooms complete the main floor. Downstairs, you'll discover one of this home's most unique features-a fully remodeled basement with its own private feel. The lower level includes a spacious bedroom with an ensuite bathroom, walk-in closet, additional storage, and a cozy family room that can easily be used as a second living area, home office, fitness room, playroom, or media room. Even better, the remodeled basement has been designed for nightly rental potential, creating an outstanding opportunity for buyers looking to offset their mortgage or generate additional income. Step outside to a fully fenced backyard that's ready for relaxing, gardening, and entertaining. Raised garden beds with pre-installed irrigation make growing your own vegetables and flowers easy, while the detached two-car garage includes a built-in workbench that's perfect for projects, hobbies, or extra storage. This home also offers numerous valuable updates, including Google Fiber, upgraded electrical service that's EV charger compatible and solar-ready, a partial roof replacement, new lower-level flooring, and an evaporative cooling system. Homes that combine classic architecture, modern updates, flexible living space, and income-producing potential are rare. Whether you're a first-time buyer, growing family, or savvy investor, this is an exceptional opportunity to own a home that offers both lifestyle and long-term value in one of Salt Lake City's most desirable locations. **Buyer is advised to obtain an independent measurement. Buyer/Buyers Agent to verify all info including sq. ft.

THE NEIGHBORHOOD

Explore the location.

338 E 700 S, Salt Lake City, UT 84111

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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
1916
Full baths
1
Garage spaces
2
Cooling
Evaporative Cooling,Window Unit(s)
Heating
Electric,Gas: Radiant
Appliances
Ceiling Fan,Dryer,Microwave,Range Hood,Refrigerator,Washer
Flooring
Hardwood
Utilities
Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected
Pool
No
Spa
No
Subdivision
PLAT B
Zoning
Single-Family, Short Term Rental Allowed
Parcel
16-07-205-001
Elementary school
Wasatch
Middle school
Bryant
High school
East
Annual property tax
$2,578.00

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
Estimated monthly rent$2,625.00
Cap rate

Annual operating income:

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.

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338 E 700 S, Salt Lake City, UT 84111 · MLS #2171649

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Listing information

MLS #2171649 · Utah Real Estate MLS

Listing brokerage: Real Broker, LLC
Listing agent: James Roth

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.