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.