Active

Listed by: Salient Realty Group, LLC • Garen F Lafser

$10,500,000

1027 Caroline Dr, Washington, MO 63090

5beds

4baths

105,000sqft

$68,454/mo

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Multi Family, Apartment

Built in 1974

-- sqft lot

$-- Zestimate^®

$100/sqft

$-- HOA

What's special

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

39 days

624

13

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4

Cooling

Central Air, Wall Unit(s)

Features

Has basement: No
Has fireplace: No

Interior area

Total structure area: 105,000
Total interior livable area: 105,000 sqft

Property

Features

Levels: Two

Details

Parcel number: 10726.02011077.001
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Apartment Style
Property subtype: Multi Family, Apartment

Materials

Brick

Condition

Year built: 1974

Community & HOA

Community

Subdivision: Sunrise Valley & Madison Place Apartments

HOA

Has HOA: No

Location

Region: Washington

Financial & listing details

Price per square foot: $100/sqft
Date on market: 6/15/2026
Listing terms: Other

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/15/2026	Listed for sale	$10,500,000$100/sqft
Source: MARIS #26038016 Report a problem
2/25/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
2/15/2022	Listed for rent	$595
Source: Zillow Rental Manager Report a problem
11/23/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
11/3/2021	Listed for rent	$595
Source: Zillow Rental Manager Report a problem
1/5/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
10/9/2020	Listed for rent	$595
Source: Owner Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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