This turnkey asset in central Kennewick allows investors to capture above-market rent growth, with current rents representing only 14.4% of average household income in a submarket where asking rents have surged 67.7% since 2015, leaving plenty of room for growth.

The property is surrounded by high-earning households averaging $95,418 annually, creating sustained demand that supports aggressive rent increases and rapid absorption.

80 units with proven leasing performance deliver durable income, while a favorable expense ratio maximizes net cash yields and protects the investment from inflation.

The property offers a balanced mix of studios (15%), one-bedroom (50%), and two-bedroom (35%) units. Brix apartments average a spacious 725 square feet with vinyl plank flooring, stainless steel appliances, private patios, and in-unit washers and dryers in select units.

Comprehensive renovations completed since 2023 have transformed every unit with upgraded appliances, modern cabinetry, contemporary lighting/fixtures, and premium vinyl plank flooring. Enhanced community amenities now command rent premiums that meet and exceed market rates.

Current rents trail achievable market rates by $80–$100 per unit, creating an immediate opportunity. Highly affordable in-place rents, robust demographics, and constrained new supply put Brix in a position to drive income growth through operational improvements and minimal upgrades.

Immediate access to the region’s largest employers—including Battelle/PNNL (5,300 employees) and Kadlec Medical Center (3,800 employees)—ensures consistent renter demand that stabilizes occupancy through economic cycles.

The submarket’s 50% renter-occupied units within one mile (versus 38% regionally) creates a concentrated renter base positioned to expand as population growth adds thousands of households across the Tri-Cities over the next decade.

Seamless access to major highways, top employers, and rapidly expanding business parks means easy commutes and an amenity-rich neighborhood that drives tenant retention.

The adjacent North Horn Rapids master-planned industrial district is building a dynamic employment pipeline across 200–500 acres, targeting value-added agriculture, clean energy, and advanced manufacturing that fuels sustained rental demand for years to come.