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The Brelsford Vineyards 215 University Dr 154 Unit Apartment Building For Sale Richland, WA 99354
Investment Highlights
- Purpose-built student housing adjacent to WSU Tri-Cities which has experienced three straight years of enrollment growth.
- Broader Tri-Cities market has outperformed much of the Inland Northwest in terms of growth and economic stability.
- Large-scale multifamily asset with strong community amenities including a leasing office, pool, and immediate access to the Columbia River Trail.
Executive Summary
The 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. This exclusive offering by Multifamily Mason is the sale of the leasehold interest in the improvements, subject to a long-term ground lease. The underlying land is owned by WSU Tri-Cities and is not included in the sale.
Brelsford Vineyards is 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.
Visit the website for additional details and documents: https://brelsfordvineyards.multifamilymason.com
Brelsford Vineyards is 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.
Visit the website for additional details and documents: https://brelsfordvineyards.multifamilymason.com
Property Facts
| Sale Type | Investment | Lot Size | 6.17 AC |
| Sale Condition | Ground Lease (Leasehold) | Building Size | 318,000 SF |
| No. Units | 154 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2018 |
| Apartment Style | Garden | Parking Ratio | 0.74/1,000 SF |
| Building Class | A | ||
| Zoning | UNIV | ||
| Sale Type | Investment |
| Sale Condition | Ground Lease (Leasehold) |
| No. Units | 154 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | A |
| Lot Size | 6.17 AC |
| Building Size | 318,000 SF |
| Average Occupancy | 90% |
| No. Stories | 3 |
| Year Built | 2018 |
| Parking Ratio | 0.74/1,000 SF |
| Zoning | UNIV |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Tub/Shower
- Window Coverings
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Multi Use Room
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 45 | - | 624 - 730 |
| 2+2 | 82 | - | 882 - 905 |
| 3+3 | 24 | - | 1,048 - 1,120 |
| 4+3 | 3 | - | 1,364 |
Property Taxes
| Parcel Number | 123084000003000 | Improvements Assessment | $0 |
| Land Assessment | $3,217,790 | Total Assessment | $3,217,790 |
Property Taxes
Parcel Number
123084000003000
Land Assessment
$3,217,790
Improvements Assessment
$0
Total Assessment
$3,217,790
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The Brelsford Vineyards | 215 University Dr
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