Heritage Manor is a well-maintained 10-unit investment opportunity located in Kennewick, Washington, part of the rapidly expanding and increasingly popular Tri-Cities area. Built in 1978, Heritage Manor underwent $300,000 in extensive renovations to update the property’s interior and exterior. Interior renovations include upgraded lighting fixtures, luxury vinyl plank flooring, fresh paint, new hardware, and bathroom upgrades. Exterior renovations included repairs to the parking lot, a full exterior paint job, upgraded lighting, and a new fence installation for resident privacy.

The property has historically maintained 100% occupancy with minimal to zero delinquency, making Heritage Manor a stable and reliable long-term investment opportunity. Each of the 10 units features a two-story layout with 2 bedrooms and 1.5 baths, along with strong amenities including central air conditioning and private backyards.

Located in the Tri-Cities, Heritage Manor is situated in one of the fastest-growing markets in Washington State. The population of the Tri-Cities is expected to grow by 7.1% in the next five years, with Benton County already seeing a 5.1% growth since 2020. The region’s population boom is anchored by the Tri-Cities’ strong employment sector, which features industries like research and development, technology, manufacturing, agriculture, retail, and healthcare.

Heritage Manor is poised to capture renter demand in a market still dominated by older product. With most nearby communities dating back to the 1980s or earlier, the property’s comprehensive 2024 renovation positions it as a rare, turnkey option offering contemporary finishes and upgraded amenities at a discount to new construction. In a region where residents are increasingly prioritizing quality, comfort, and convenience—but remain price sensitive—Heritage Manor stands out as a best-in-class alternative, well positioned to attract strong tenancy and support durable rent premiums over the long term.