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Street View
$10,500,000
Monthly Est:$52,262
5 Beds
4 Baths
105,000sqft
1027 Caroline Dr, Washington, MO 63090
$10,500,000
$52,262/moEst:
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Multi Family
Built in 1974
$-- HOA
-- sqft lot
$100/sq.ft
Description
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
- Houzeo last checked: 21 minutes ago
- Listing updated: July 30, 2026 at 3:04 pm
- Listing Provided by: Garen Lafser (314) 374-3687 , Matt Millslagle | Salient Realty Group, LLC (314) 374-3687
- Source: MARIS MLS-MO | MLS#: MIS26038016
Property Details
Status
Active Under Contract
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1974
HOA Fees
-
Finished Area
105,000 sqft
Lot Size
-- sqft lot
Basement Area
- sqft
MLS Name
MARIS MLS
MLS Number
MIS26038016
MLS Status
Active Under Contract
Days on Market
114
Cumulative Days on Market
45
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 5
Bathrooms: 4
Interior
Cooling
Central Air, Wall Unit(s)
Construction
Year Built
Year Built: 1974
Home type
Multi Family
Architectural Style
Apartment Style
Construction Materials
Brick
Other Features
Subdivision Name
Sunrise Valley & Madison Place Apartments
Disclosures
None
Price History
| Date | Event | Price |
|---|---|---|
07/30/2026 Source: | Contingent (Active Under Contract) | $10,500,000 $100/sqft |
06/15/2026 Source: | Listed for Sale | $10,500,000 $100/sqft |
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