Welcome to Atherton Park Apartments, a 146-unit multifamily community located in Taylorsville, Utah. The property sits in the heart of the Salt Lake Valley, about 15 minutes from downtown Salt Lake City and the Salt Lake International Airport.

Built in 1979, Atherton Park offers investors a compelling value-add opportunity with meaningful scale in one of the Mountain West’s fastest-growing markets. In-place rents are approximately 10% below the submarket average, creating a clear path for future rent growth through a targeted renovation and management strategy. The property has been well maintained, and new roofs are planned to be installed in the coming weeks, allowing new ownership to focus on unlocking additional upside through unit upgrades, operational improvements, and added amenities that enhance the resident experience.

Atherton Park provides residents with spacious two-bedroom, one-and-a-quarter-bath apartment homes nestled in a tranquil suburban setting. Community amenities include a clubhouse, fitness center, sparkling swimming pool, ample covered parking, mature landscaping, and direct access to the Atherton East Station bus stop.

Residents enjoy easy access to an abundance of retail, dining, and services, as well as close proximity to the world-class skiing and outdoor recreation that make Utah one of the most sought-after places to live in the American West. The property also features convenient access to both I-15 and I-2-15, placing residents minutes from major employment corridors throughout the valley.

More than 260,000 jobs are within a 5-mile radius of Atherton Park. The property is located immediately south of Sorenson Research Park, one of Taylorsville’s primary employment centers, anchored by major employers including ICU Medical, ALS Laboratories, Sorenson Communications, Nelson Laboratories, and more.

Salt Lake County’s median household income exceeds $97,000 per year. Like many high-growth markets, Salt Lake has seen a boom in new apartment construction. But while neighboring markets in the West have seen meaningful rent declines over the past year, rents in the Salt Lake market have stabilized. New apartment unit deliveries are slowing dramatically and are on track to decrease by 50% in Salt Lake this year compared to last year and nearly 60% compared to 2024.

Meanwhile, homeownership remains out of reach for a growing share of residents, with home prices climbing 4.8% year over year to a median price of nearly $545,000 in Salt Lake. Owning a home costs roughly twice as much as renting.

Despite a slowing national economy, Salt Lake continues to grow at an accelerated pace, driven by a young, highly educated workforce drawn to the region’s economic opportunity and exceptional quality of life. Unemployment remains low at 3.8%. Over the past year, Salt Lake added more than 15,000 new jobs, growing by nearly 2% compared to 0.1% nationally. while wages rose 4.3%.

Don’t miss this opportunity to invest in Atherton Park Apartments, a well-located value-add community positioned to benefit from Salt Lake’s long-term growth, diversified employment base, and enduring rental demand.