Brelsford Vineyards Apartments
A unique opportunity to acquire a 154-unit, 293-bed community aligned with Washington State University - Tri-Cities in the North Richland submarket.
Prime North Richland Submarket
Brelsford Vineyards sits in a historically strong and desirable submarket in North Richland, offering access to the Columbia River and the 23-mile bike and running trail around the Tri-Cities, local transit, and the region’s largest employers. The region’s consistent in-migration and demographic growth support stable rental demand in this corridor.
Purpose-Built Student Housing
The property has a deep alignment with Washington State University Tri-Cities and benefits from ongoing enrollment momentum, supporting demand for quality off-campus housing.
Well-Built Large-Scale Multifamily Asset
At 154 units and 293 beds the property offers scale and operational efficiencies. Its design and amenity-rich community are well suited to attract and retain both student and market renters, offering flexibility and resilience across leasing cycles.
Growing Tri-Cities Region
The Tri-Cities MSA population is estimated at roughly 315k, supported by in-migration and a labor market anchored by major employers such as PNNL, Battelle, and Kadlec—supporting housing demand from both employees and students.
Offering Details
Brelsford Vineyards Apartments is a 154-unit, 293-bed multifamily and student housing asset located on the Washington State University, Tri-Cities campus in Richland, WA. Purpose-built to serve both student- and market-rate tenants, the property offers a unique opportunity to capitalize on WSU Tri-Cities’ continued growth and the long-term housing demand driven by the broader Tri-Cities economy.
Access DocumentsProperty Summary
Property Name
Brelsford Vineyards Apartments
Address
215 University Drive
City, State, Zip
Richland, WA 99354
Year Built
2024
Parcel ID
123084000003000
Zoning
UNIV
Acreage
Ground Lease of 6.17 acres
# of Units
154
SF Per Unit
865
Net Rentable Space
133,184 SF
The Opportunity
North Richland Student and Multifamily Opportunity
Brelsford Vineyards Apartments is a 154-unit, 293-bed multifamily and student housing asset located on the Washington State University, Tri-Cities campus in Richland, WA. Purpose-built to serve both student- and market-rate tenants, the property offers a unique opportunity to capitalize on WSU Tri-Cities’ continued growth and the long-term housing demand driven by the broader Tri-Cities economy. With views of the Columbia River, walking access to campus and the river bike trail, and a location that connects easily to regional employers, retail, and recreation, the property is well-positioned for stable occupancy and performance.
Washington State University Tri-Cities has demonstrated sustained enrollment momentum, supporting demand for off-campus housing at Brelsford Vineyards Apartments. At the same time, the amenity-rich North Richland submarket appeals to young professionals and working households seeking well-located rental housing. This flexibility creates operational resilience and supports stable long-term income.
The Tri-Cities region benefits from population growth and an economically diverse employment base anchored by research, healthcare, government, and agriculture. This backdrop, combined with the property’s hybrid positioning between student and conventional multifamily demand, supports long-term demand and financial performance.
The Location
North Richland Submarket
215 University Drive, Richland, WA 99354Photographs
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Market Overview
Tri-Cities
Centrally located between four major metros in the Pacific Northwest, the Tri-Cities boasts a strong and diverse economy that is home to major research and development employers, three medical centers, several agricultural giants, and a booming wine industry.
The Tri-Cities population has grown significantly since 2000. The diverse terrain, Columbia River, mild climate, and regional amenities continue to support quality of life and in-migration.
The Tri-Cities is home to major research and development employers such as Battelle, Pacific Northwest National Laboratories (PNNL), and Bechtel National. In addition, the Tri-Cities is home to Kadlec, a regional medical center, as well as two other local hospitals.
Reasons To Invest Here
- 2.9%
Average Rent Growth
(Q3 2024)
- 92%
Average Occupancy
(Q3 2024)
- 147K
Labor Force
(Q3 2024)
- $1,458
Median Rent
(2024)
- 319K
Tri-Cities Population
(Richland)
- 1.15%
Population Growth
(Q3 2024)
- 11.91%
Household Income Growth
(Over 2020)
- $92.5K
Median Household Income
(Richland)
Sources available upon request.
Our Team
Multifamily Mason
Multifamily Mason is a brokerage firm specializing in multifamily property sales and advisory services within the Inland Northwest. We uphold the core values of integrity, mastery, and ownership. These principles guide all our business decisions and interactions with our clients, investors, and stakeholders.
Our extensive market knowledge, in-depth data analysis, valuable insights, and strong industry relationships have established us as trusted advisors and a go-to source for those exploring the Inland Northwest markets or investing in multifamily properties within tertiary markets.
We foster long-term relationships and prioritize our clients' best interests, even if it means delaying immediate deals. We believe in collaboration and creating opportunities for mutual success, including working with potential competitors.
Lead Broker
Mason Fiascone
Mason is the founder of Multifamily Mason and specializes in the sale and advisory services of multifamily properties across the Inland Northwest with a specific focus on Central Washington and Tri-Cities. Mason leads the sales and asset management organizations at Multifamily Mason, meaning he partners with owners, investors, and developers seeking to maximize their property returns, bringing valuable expertise to every interaction. He is committed to building long-term relationships by providing clients with market insights and unique deal opportunities.
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