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0 Beds
0 Baths
105,000 sqft

$10,500,000

1027 Caroline Drive, Washington MO, 63090

Price per sqft$100.00
Built in1974
Property size105,000 sqft
Property typeMulti-family
Courtesy of Salient Realty Group, LLC, Garen Lafser Listing Contact: 314-374-3687

Overview

Under contract

Active Under Contract

Listed Jun 15, 2026

Updated Jul 31

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

$69,857/mo

Est. mortgage payment based on a $10,500,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

55+/Senior Community
No

Listings courtesy of MARIS MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Janet McAfee Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 3:40 AM UTC on 7/31/2026. 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.

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