ActiveResidential · sale

3135 S VALLEY ST

Salt Lake City, UT 84109

$649,000

  • 1,472 sq ft
  • 0.19 acres
  • Built 1952

Listed by Ngawaka Real Estate LLC · MLS #2174158

Property photos are not available.

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1952.

Property size

0.19 acres listed.

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

THE PROPERTY

Get to know the property.

Welcome to 3135 Valley Street, a centrally located Millcreek property offering exceptional convenience, strong investment potential, and lasting value. Situated in one of Salt Lake County's most desirable communities, this home provides quick access to downtown Salt Lake City, I-15 and I-80, Salt Lake City International Airport, the University of Utah, world-class ski resorts, and Park City-making it an ideal location for commuters, outdoor enthusiasts, and tenants alike. The home features a functional floor plan with comfortable living spaces, abundant natural light, and a layout that accommodates a variety of lifestyles. Whether you're searching for your next primary residence or a turnkey investment property, this home offers immediate value with additional opportunity to personalize or enhance over time. For investors, this property presents an attractive income-producing opportunity. It can be leased at $4,000 per month, providing strong rental income in a high-demand area. One of the property's standout features is the generous off-street parking, offering ample space for multiple vehicles, trailers, RVs, or recreational equipment-an increasingly valuable amenity in this location. The usable lot provides mature landscaping, privacy, and flexibility for outdoor entertaining, storage, or future improvements. With its desirable Millcreek location, excellent accessibility, established rental history, and long-term appreciation potential, 3135 Valley Street is a rare opportunity for both homeowners and investors seeking a quality property in one of the Salt Lake Valley's most sought-after markets.
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THE NEIGHBORHOOD

Explore the location.

3135 S VALLEY ST, Salt Lake City, UT 84109

Map coordinates are not available for this property.

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1952
Cooling
Central Air,Evaporative Cooling
Heating
Forced Air,Gas: Central
Flooring
Carpet,Hardwood,Linoleum,Tile
Utilities
Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected
Accessibility
Single Level Living
Pool
No
Spa
No
Subdivision
CANYON RIM
Zoning
Single-Family
Parcel
16-26-426-005
Elementary school
Morningside
Middle school
Wasatch
High school
Skyline
Annual property tax
$3,969.00

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$2,704.17
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 & interest—Loan 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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3135 S VALLEY ST, Salt Lake City, UT 84109 · MLS #2174158

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Property inquiries go to help@erabrokers.com.

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Listing information

MLS #2174158 · Utah Real Estate MLS

Listing brokerage: Ngawaka Real Estate LLC
Listing agent: Jesse Boone

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.