ActiveResidential · sale

159 W BROADWAY #301

Salt Lake City, UT 84101

$1,725,000

  • 2 beds
  • 3 baths
  • 3,106 sq ft
  • 0.01 acres
  • Built 1999

Listed by Engel & Volkers Park City · MLS #2183938

A FEW THINGS TO NOTICE

What stands out.

Details worth a look

A gated courtyard with fire pit seating areas gives the building a park-like setting and an easy place to walk your dog.

Year built

Built in 1999.

Garage parking

1 garage spaces listed.

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

THE PROPERTY

Get to know the property.

Salt Lake City has very few true lofts, and almost none at this scale. #301 at Broadway Lofts is a 3,106 square foot corner residence in the middle of downtown, with 15-foot ceilings, a 50-foot-wide wall of glass, ebony-stained oak floors, and gallery-ready brick and concrete walls. It has been on the cover of Utah Style & Design, in The New York Times, and featured on HGTV. The main level alone offers more than 2,500 square feet of open space, so entertaining here feels like a house rather than a condo. The kitchen is built for dinner parties. An oversized island gives guests a place to gather while you cook, and the beverage and wine refrigerator and pull-out pantry shelving keep everything within reach. The kitchen opens directly onto the great room in front of the window wall, so the evening can move from the island to the sofas with downtown right outside the glass. Beyond the great room, space allows for a gym, media area, home office, or third bedroom, with built-in storage throughout. A second bedroom on the main level, with a full bath and laundry nearby, works well for guests or as a main-floor primary suite. A floating staircase beneath a skylight leads up to the primary suite, which sits behind a wall of glass that keeps the bedroom private without closing off the loft below. A dressing room with built-in shelving and cabinetry, along with a private bath, completes the upper level. The loft comes with assigned underground parking for one car. A gated courtyard with fire pit seating areas gives the building a park-like setting and an easy place to walk your dog. Fit for full-time living as well as a lock-and-leave second home. Valter's Osteria is next door. Edison House, a private social club with a rooftop pool, a gym, two restaurants, a billiards room, and several bars, is just around the corner on 200 West. The Rose Wagner Performing Arts Center is directly across the street, and Main Street's restaurants and bars and the Eccles Theater are two blocks away. City Creek Center and the Delta Center are an easy walk, the airport is about 10 minutes by car, and Park City's ski resorts are roughly 35 minutes away. This is the home for someone who wants dinner, a show, or a game without ever moving the car.

THE NEIGHBORHOOD

Explore the location.

159 W BROADWAY #301, Salt Lake City, UT 84101

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1999
Full baths
1
Half baths
1
Garage spaces
1
Cooling
Central Air
Heating
Forced Air,Gas: Central
Flooring
Carpet,Hardwood,Tile
Utilities
Natural Gas Connected,Electricity Connected,Sewer Connected,Water Connected
Accessibility
Accessible Hallway(s),Accessible Elevator Installed,Accessible Entrance
Pool
No
Spa
No
Subdivision
BROADWAY LOFTS CONDO
Parcel
15-01-407-019
HOA amenities
Barbecue,Controlled Access,Earthquake Insurance,Gated,Insurance,Maintenance,Pets Permitted,Sewer Paid,Snow Removal,Storage,Trash,Water
HOA fee frequency
Monthly
Elementary school
Washington
Middle school
Glendale
High school
East
Annual property tax
$15,544.00
HOA fee
$864.00

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$3,049.63
Estimated monthly rent$7,187.50
Cap rate2.37%

Annual operating income: $40,908.00

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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159 W BROADWAY #301, Salt Lake City, UT 84101 · MLS #2183938

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Listing information

MLS #2183938 · Utah Real Estate MLS

Listing brokerage: Engel & Volkers Park City
Listing agent: Paul Benson

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.