Broadway Tower Condos for Sale — Salt Lake City, Utah

About Broadway Tower in Downtown Salt Lake City

Broadway Tower is a twelve-story high-rise at 230 East Broadway — the street signed as 300 South — between 200 East and 300 East, in the heart of downtown Salt Lake City’s arts and restaurant corridor. It was built in 1984 and 1985 as a rental apartment tower and later converted to condominium ownership, with the building-wide remodel carried out by Overland Group. Sources place the community at 95 to 96 residences. Among downtown Salt Lake City condos, it remains one of the more accessible ways into true high-rise living.

The conversion is the single most important thing to understand about this building, because it never happened all at once. The common areas — lobby, hallways, garage, fitness floor — were redone as a project. The residences were not. Units have been renovated one at a time by successive owners over roughly three decades, and it shows in the county record: recent MLS listings for this 1985 structure carry effective year-built dates ranging from 1997 all the way to 2025. One listing agent put it plainly: no two condos in this building are alike.

That is why a per-square-foot average for Broadway Tower is close to meaningless, and why the same floor plan can be a bargain or an overreach depending entirely on which decade the kitchen came from. Residences run from roughly 624 square feet to about 1,868 square feet — one-bedroom flats, two-bedroom corner residences with balconies off every room, and a top-floor penthouse with a 950-square-foot deck that is not counted in its square footage. West-facing units carry the best views and, in a handful of cases, oversized patios approaching 400 square feet. Interiors across recent sales show polished concrete or hardwood floors, floor-to-ceiling sliding glass doors, granite or quartz counters, in-unit laundry, and individual climate control.

The amenity floor is the fourth. That is where the fitness room, sauna and steam room, and hot tub sit — right off the elevator, at the end of the hall. Add controlled building access, on-site property management, a security alarm system, assigned storage, and secured covered garage parking on the P3 level with extra-length spaces that fit a full-size vehicle plus a storage locker. The association also carries earthquake insurance, which matters on the Wasatch Fault and is not universal downtown.

Two ownership details deserve attention before you write an offer. First, there is no rental cap — leasing is unrestricted in a way most downtown associations are not, though short-term and nightly rentals are prohibited. Second, the association charges a reinvestment fee of one half of one percent of the sale price, plus a setup fee, payable at closing. On a $400,000 purchase that is roughly $2,000 plus the setup charge. Some MLS records list this figure as 0.05% rather than 0.5%, but the association’s own remarks consistently state one half of one percent — confirm the exact amount in writing rather than trusting the listing field.

Location is what keeps this address in demand. The Broadway corridor immediately outside is one of the city’s densest concentrations of independent restaurants, bars and theaters, and the Salt Lake City Public Library, Harmons grocery, City Creek Center, the Delta Center and multiple TRAX stops are all short walks. Head the other direction and Memory Grove Park and the City Creek Canyon trailhead are under a mile away — a genuinely unusual pairing of nightlife and trail access from one front door. School assignments in recent sales showed Bennion or Wasatch Elementary, Bryant Middle and East High, all within the Salt Lake City School District, with Judge Memorial appearing as a nearby private option. The building sits in the 84111 zip code.

Buying or selling at Broadway Tower? Sell for less commission at just 1.5% instead of the traditional 3%, or take a 50% commission refund at closing on a purchase. On a $400,000 condo, seller savings are approximately $6,000 and the buyer refund is approximately $6,000 — enough to cover the association’s reinvestment fee three times over. In a building where every unit was renovated on a different timeline, pricing takes unit-level judgment rather than a building average. Aaron Peters is a licensed discount broker and the owner of DiscountAgent.com, personally handling every Wasatch Front transaction since 2006. View All Downtown Salt Lake City Condos →

Recent Sold Market Snapshot

Broadway Tower Sales

Drawn from eight Broadway Tower listing records in the Wasatch Front Regional MLS between April 2025 and August 2026, four of which closed. Because units here were renovated individually over three decades, treat these as a range rather than a benchmark.

Figures derived from recent Broadway Tower MLS records and are approximate. Utah is a non-disclosure state; individual sale prices are not published. Effective year-built dates in this building range from 1997 to 2025 on a 1985 structure, so unit condition varies far more than in a typical high-rise. WFRMLS data revises as late closings report. Contact Aaron for current comparable data on a specific condo.

Finding One • For Sellers

Price it right and you get full list — price it wrong and you lose a fifth

Three of the four recent closings sold at exactly their original list price — no reduction at all — and each went under contract within 32 to 50 days. The fourth launched above the pattern, sat on market for 239 days, and closed roughly 20% below where it started. There is no middle outcome in this data.

Standing inventory reinforces it. The penthouse has been listed for about 350 days and has already been cut roughly 23% from its original asking price without selling. Two condos that launched recently at market-supported numbers went live within the last week or two.

Practical takeaway: a correctly priced Broadway Tower condo does not need to negotiate on price at all — three sellers proved that in the last year. An aspirational launch cost one seller more than $90,000 against original list, which is many times a full listing commission. Price against closings, then keep the 1.5% difference.

Finding Two • Carrying Cost

Predictable dues — and a percentage-based fee at closing

Dues here are unusually consistent: across eight records they ran $0.37 to $0.48 per square foot per month, averaging about $0.43. That tight band is the mark of a well-run association that assesses cleanly by size, and it puts Broadway Tower squarely mid-pack downtown — while including a fitness floor, sauna, hot tub, on-site management and earthquake insurance:

Practical takeaway: the closing-side charge is what catches people. The association levies a reinvestment fee of one half of one percent of the sale price plus a setup fee — roughly $2,000 plus setup on a $400,000 purchase. Several MLS records show this as 0.05% instead of 0.5%, and the HOA remarks contradict them. Get the figure confirmed in writing early; a buyer commission refund from DiscountAgent.com covers it several times over.

Finding Three • For Buyers

You are not buying a building, you are buying one renovation

Effective year-built dates across recent Broadway Tower listings span 1997, 2003, 2015, 2016, 2018 and 2025 — on one 1985 building. Units were remodeled individually by owners across nearly three decades, so condition varies more here than in almost any comparable high-rise. Sold price per square foot ran from about $425 to $551, a 30% spread that tracks finish level far more than floor or view.

The corollary is leverage. Three of the four closings included seller concessions, from $1,500 up to $10,000, and the two largest concessions went to buyers of the two least recently updated units. Inspection findings on original mechanical systems are a legitimate negotiating lever in this building in a way they are not in newer construction.

Practical takeaway: ignore the building average and underwrite the specific unit — ask when the HVAC, water heater, windows and electrical were last touched, and price the gap. Then remember the offsetting upside: no rental cap, a fourth-floor fitness and sauna floor, extra-length secured parking, and a walkable corridor most downtown buildings cannot match.

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