Ownership invested $1.75 million over the past two years in a complete property transformation—revitalizing every aspect of Harper on Hood.

Harper on Hood sits in the heart of Richland, WA, surrounded by residential neighborhoods, single-family homes, condos, and top-rated school districts; the property is located between the 240-bypass highway and George Washington Way, delivering seamless commutes and easy access to major employers and educational institutions.

An attractive price-per-unit basis generates current positive cash flow, with the opportunity to scale and capture additional income streams through converting a detached garage into an additional unit, storage, or other rented amenities, along with capitalizing on generating income on covered parking spaces.

Ideal for hands-off ownership, supported by recent roof and siding replacements, well-maintained common areas, and immaculate landscaping.

All units are fully renovated and feature private patios or balconies with abundant in-unit storage; 27 units include an in-unit washer and dryer, while four units share a ground-floor laundry facility that provides easy access and generates additional income.

Tight housing supply drives strong occupancy and rent growth, with average absorption of 296 units annually over the past five years supporting market fundamentals.

Richland’s regulatory climate is favorable to apartment owners, with continued population and job growth in retail, education, and engineering sectors.

Harper on Hood attracts a diverse tenant profile of young professionals, engineers, students, and families drawn to major employment centers, local schools, outdoor recreation, and pet-friendly living.

Harper on Hood is being offered individually or as part of a five-property portfolio including the neighboring land development site totaling 104 units priced at $18,475,000.