The Brelsford Vineyards Apartments
North Richland Multifamily | 154 Units | 293 Beds
Marketing description
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
Investment highlights
Prime Location in the 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 for Student Housing
The property is located on land owned by Washington State University Tri-Cities (WSU‑TC) and benefits from WSU‑TC’s strong enrollment, including an increase of +8.1% from 2024 to 1,609 this fall, marking the third straight year of growth. The surge in first‑year and new transfer students underscores a rising demand for quality off‑campus housing.
Well‑built, large‑scale Multifamily Asset with Strong Community Amenities
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 Supports Long-term Demand
Through mid-2024, the Tri-Cities MSA population was estimated around 316k, marking a +9% increase over the past five years, faster than most other Washington metros. Low regional unemployment and a labor market anchored by large employers such as PNNL, Battelle, and Kadlec further support housing demand from both employees and students.
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