801-922-0662
4930 W 4865 S, Salt Lake City, UT for Sale
Apartments - FOR SALE
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4930 W 4865 S
Salt Lake City, UT 84118


HIGHLIGHTS

  • Value-add Opportunity
  • Owner Managed
  • Below-market Rent
  • Non-rental Income Upside
  • Well-maintained Property with New Windows and New Roofs
  • Less than 25 Minutes from Downtown Salt Lake City

OVERVIEW

Pineridge Apartments is a rare value-add opportunity in the thriving Salt Lake City market. This 72-unit, two-bedroom, one-bathroom community—built in 1984 and meticulously maintained—offers significant upside potential. With below-market rents, new windows, and new roofs, investors have the chance to enhance cash flow and maximize returns in one of the nation’s top-performing markets. Located in the heart of the Salt Lake Valley, Pineridge Apartments is positioned for exceptional long-term appreciation. With a commute of less than 25 minutes to downtown Salt Lake City and just 20 minutes to the Salt Lake International Airport, the property offers residents convenient access to major employment centers. Within a five-mile radius, there are over 118,000 jobs, anchored by leading employers such as Northrop Grumman, Hexcel Corp, Boeing, Amazon, eBay, PepsiCo, Intermountain Healthcare, and Discover Financial Services. Salt Lake City continues to rank among the nation’s top markets for economic strength, business development, and population growth: #1 Best State – U.S. News & World Report (2024) #3 Best Performing City – Milken Institute (2025) #1 Best State to Move to – ConsumerAffairs (2025) #3 Best State to Start a Business – WalletHub (2025) #1 Upward Mobility – Archbridge Institute (2024) #3 Fastest Growing State – U.S. Census (2025) Investment Highlights: ? 72-unit, value-add opportunity with immediate rental upside ? Below-market rents with potential for strategic income growth ? Non-rental income potential to further enhance NOI ? Well-maintained asset with recent capital improvements (new windows & roofs) ? High-growth market with strong employment and population trends With Salt Lake City’s strong economic fundamentals, low vacancy rates, and rapid population growth, Pineridge Apartments is positioned as a prime investment opportunity in one of the nation’s most dynamic real estate markets. Don’t miss this chance to acquire a high-demand multifamily asset with built-in value-add potential. For more information or to schedule a tour, contact us today. Please note: No seller financing.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

72

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pineridge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1984

PARKING SPACES

175

LAND DETAILS

LAND ACRES

2.73 AC

LAND SF

118,919 SF

ZONING

R-M

APN/PARCEL ID

20-12-228-001-0000

ASK ABOUT THIS PROPERTY

Andrew WadsworthWadsworth MultifamilyMore Info
801-922-0662

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Andrew WadsworthWadsworth MultifamilyMore Info
801-922-0662

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.