Just Listed

Exclusive Opportunity

The Brelsford Vineyards

Student housing on the Columbia River

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 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.

Built to serve both student and market rate tenants with spacious units and a diverse unit mix, clubhouse, pool, fitness center, and more, the property offers a unique opportunity to capitalize on WSU Tri-Cities' continued growth, as well as the long-term housing demand driven by the broader Tri-Cities economy.

The property is being offered unpriced, so you can reach Mason Fiascone for pricing guidance and any questions at (509) 410-1990 or by replying to this email. 

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.

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 students 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.