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1027 Caroline Drive, Washington, MO 63090

Washington
Local realty services provided by:CENTURY 21 Bailey & Co.
1027 Caroline Drive,Washington, MO 63090
$10,500,000
  • - Beds
  • - Baths
  • 105,000 sq. ft.
  • Multi-family
  • Pending
Listed by: garen f lafser, matt millslagle
Office: salient realty group, llc.
MLS#:26038016
Source:MO_MARIS

Price summary

  • Price:$10,500,000
  • Price per sq. ft.:$100

About this home

115-unit value-add multifamily portfolio | 8.05% in-place (T3) cap, 9.41% proforma stabilized Strong unit mix - 80% of units are 2 beds Proven rent-up model: 2/3rds of units renovated, 1/3rd remaining for proven upside Market rent spread of at least $137/unit/month across non-renovated units High growth submarket - Franklin County: 4% vacancy, 2.2% annual population growth Dual-asset structure: 89-unit flagship complex and 26-unit garden community Extremely supply-constrained submarket

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Home facts

  • Year built:1974
  • Subdivision & Development:Sunrise Valley & Madison Place Apartments
  • Listing ID #:26038016
  • Added:89 day(s) ago
  • Updated:September 13, 2026 at 08:06 AM

Rooms and interior

  • Living area:105,000 sq. ft.

Heating and cooling

  • Cooling:Central Air, Wall Unit(s)
  • Central air:Yes

Structure and exterior

  • Year built:1974
  • Building area:105,000 sq. ft.
  • Architectural Style:Apartment Style
  • Construction Materials:Brick
  • Levels:2 Story

Schools

  • High school:Washington High
  • Middle school:Washington Middle
  • Elementary school:South Point Elem.

Finances and disclosures

  • Price:$10,500,000
  • Price per sq. ft.:$100
MLS LogoCopyright 2026 Mid-America Regional Information Systems. All rights reserved. Listings courtesy of Mid-America Regional Information Systems as distributed by MLS GRID <Last Updated September 13, 2026. Mid-America Regional Information Systems provides content displayed here (“provided content”) on an “as is” basis and makes no representations or warranties regarding the provided content, including, but not limited to those of non-infringement, timeliness, accuracy, or completeness. Individuals and companies using information presented are responsible for verification and validation of information they utilize and present to their customers and clients. Mid-America Regional Information Systems will not be liable for any damage or loss resulting from use of the provided content or the products available through Portals, IDX, VOW, and/or Syndication. Recipients of this information shall not resell, redistribute, reproduce, modify, or otherwise copy any portion thereof without the expressed written consent of Mid-America Regional Information Systems. MO_MARIS Member Broker: Tina Besserman

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