845 S WASHINGTON ST, Salt Lake City, UT 84101

$1,000,000 Asking Price

6 beds
3 baths
2,928  sqft
Built in 1905

Incredible opportunity to own an income producing property in short-term rental approved Central 9th location in Salt Lake City, with two homes on one lot! This urban living experience offers a 1,728 square foot, four-bedroom, two-bathroom renovated home and a 1,200 square foot Accessory Dwelling Unit (ADU) constructed in 2021. The ADU features a heated garage/studio flexible space with two bedrooms and a bathroom. Combined, the homes provide a remarkable 2,928 sq ft of functional and efficient living space, accommodating six bedrooms, three bathrooms, ample storage, generous closets, a garden, open layouts, and high ceilings. The ADU, designated as our Alley-Box, is currently rented for $2,300 per month and generates revenue between $200 and $600 per night on Airbnb, with occupancy rates consistently exceeding 80% to 100%. Both homes were meticulously designed to cater to individuals seeking to recreate, generate income, and enjoy leisure in the city and its surrounding nature. The property is light & bright with creative vertical spaces, mature trees, and a charming street ambiance, creating an oasis amidst the urban environment. The main home has undergone a renovation that seamlessly integrates modern amenities while preserving its historic charm. The porch provides a picturesque setting for morning coffee, offering a glimpse into the neighborhood's daily activities. Other notable features include an open concept kitchen with stainless steel appliances and granite countertops, a new furnace, air conditioner, water heater, carpet, paint, garbage disposal, refrigerator, and roof installed in 2023. Central Ninth District is experiencing rapid growth, making it an attractive location for those seeking urban living and investment opportunities. This property is conveniently located within walking distance of several renowned restaurants and local businesses, such as Fisher Brewing, T.F. Brewing, and Water Witch; Laziz, Nohm, Vertical Diner, and Proper Burger; Ruby Snap Cookies; Central Ninth Market and Orchid Dynasty. Additionally, it enjoys easy access to major highways I-15 and I-80, as well as a proximity to a TRAX station, bus stops, and the 9-line bike lane. This makes it one of the most pedestrian-friendly, bicycle-accessible, and public-transit-oriented neighborhoods within the Salt Lake Valley. The ADU unit has been incorporated into the existing square footage of the main residence on the second floor.

Features & Amenities

Interior

General:
Bath: Master,Disposal,Oven: Wall,Range/Oven: Free Stdng.,Granite Countertops
Master Bedroom:
Floor: 1st
Laundry:
Electric Dryer Hookup
Basement:
Full
Flooring:
Carpet,Hardwood,Tile
A/C:
Central Air
Heating:
Forced Air,Gas: Central

Exterior

General:
Double Pane Windows,Entry (Foyer),Lighting,Porch: Open
Style:
Bungalow/Cottage
Parking:
Parking spaces: 2

Construction

Roofing:
Asphalt
Windows:
Blinds
General:
Blt./Standing

Location

Originating MLS:
UtahRealEstate.com
School District:
Salt Lake
County:
Salt Lake

Lot

Topography:
Curb & Gutter, Fenced: Full, Secluded Yard, Sidewalks, Terrain, Flat, View: Mountain
Landscaping:
Landscaping: Full,Vegetable Garden,Xeriscaped
Zoning:
Single-Family, Short Term Rental Allowed, 15-12-253-008
View:
Mountain(s), View
Current Use:
Single Family

Utilities

Utilities:
Natural Gas Connected,Electricity Connected,Sewer Connected,Sewer: Public,Water Connected
Water:
Culinary
Sewer:
Sewer: Connected,Sewer: Public

Financial

Source:
UtahRealEstate.com
Exclusions:
Trampoline

This listing courtesy of:
Summit Sotheby's International Realty, Angie Nelden

About Salt Lake City, UT

Housing

Number of Units
207,437
Median Home Value
$363,648
Median Rent
$1,047

42.36% of housing units are renter occupied.

6.92% are vacant.

Commute

Car
60.92%
Public Transportation
3.40%
Walk to Work
2.18%
Work from Home
31.89%
Other
0.65%

The median travel time to work is 15 minutes.

People

Population
503,789
Median Age
35.10
Median Household Size
2.68

Education

High School
20.12%
Associate’s Degree
7.42%
Bachelor’s Degree
25.77%
Graduate Degree
16.83%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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