1027 Caroline Drive,Washington, MO 63090
Washington, MO 63090
Description
115-unit value-add multifamily portfolio | 8.05% in-place (T3) cap, 9.41% proforma stabilizedStrong unit mix - 80% of units are 2 bedsProven rent-up model: 2/3rds of units renovated, 1/3rd remaining for proven upsideMarket rent spread of at least $137/unit/month across non-renovated unitsHigh growth submarket - Franklin County: 4% vacancy, 2.2% annual population growthDual-asset structure: 89-unit flagship complex and 26-unit garden communityExtremely supply-constrained submarket
Details
| MLS # | 26038016 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1974 |
| Days On Site | 144 |
| Listing Provided By | Salient Realty Group, LLC | Garen Lafser |
Features
| SQ Feet | 105,000 |
|---|---|
| Story(s) | 2 |
| Units | 115 |
| Building(s) | 10 |
Interior
| Cooling | Central Air, Wall Unit(s) |
|---|
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Attached Garage Yes / No | No |
Location
| Senior Community Yes / No | No |
|---|
Area Information
| State | MO |
|---|---|
| County | Franklin |
| City | Washington |
| Zip Code | 63090 |
| Area | Washington School |
| Community Name | Sunrise Valley & Madison Place Apartments |
| School District | Washington High |
| Elementary School | South Point Elem. |
| High School | Washington High |
| Listing VS Median (in Sunrise Valley & Madison Place Apartments) | |
Price: $10,500,000 low | high Med: $10,500,000 sqft: 105,000 low | high Med: 105,000 $ / sqft: $100 low | high Med: $100 On site: 144 low | high Med: 144 | |
Market Activity 63090
Request a showing
Request a showing
Listings courtesy of Maris MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of November 6, 2026 at 9:38:35 AM PST All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
Contact
Learn More About This Property
| State | MO |
|---|---|
| County | Franklin |
| City | Washington |
| Zip Code | 63090 |
| Area | Washington School |
| Community Name | Sunrise Valley & Madison Place Apartments |
| School District | Washington High |
| Elementary School | South Point Elem. |
| High School | Washington High |
| Listing VS Median (in Sunrise Valley & Madison Place Apartments) | |
Price: $10,500,000 low | high Med: $10,500,000 sqft: 105,000 low | high Med: 105,000 $ / sqft: $100 low | high Med: $100 On site: 144 low | high Med: 144 | |
Listings courtesy of Maris MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
