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1027 Caroline Drive, Washington, MO 63090

Washington
Local realty services provided by:CENTURY 21 Premiere Realty
1027 Caroline Drive,Washington, MO 63090
$10,500,000
  • - Beds
  • - Baths
  • 105,000 sq. ft.
  • Multi-family
  • Active
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
  • Listing ID #:26038016
  • Added:1 day(s) ago
  • Updated:June 15, 2026 at 11:44 PM

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
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