Under $200K Investment Properties for Sale in Richland, WA
230- 3 Bed
- 2 Bath
- 1680 sft
212- 3 Bed
- 2 Bath
- 1484 sft
297- 3 Bed
- 2 Bath
- 1456 sft
223- 3 Bed
- 2 Bath
- 1296 sft
Why Invest in Richland, Washington?
Richland, WA offers compelling investment opportunities in properties under $200k, primarily manufactured homes and condos with strong cash flow potential. The local market supports solid rental yields around 8-10% due to steady demand from the energy sector workforce. Cap rates average 7-9% for these affordable units, enhanced by annual appreciation of 4-5%. Renter occupancy remains high at 42%, bolstered by proximity to Hanford Site employment. Low entry costs make this segment ideal for passive income generation.
Frequently Asked Questions
Yes, primarily manufactured homes and condos in parks like Ridgecliff and Galaxy Lane are available under $200k. These offer strong cash flow for investors targeting Hanford workers. Demand remains steady due to local employment.
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