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
Active under contract
Listed by: Salient Realty Group, LLC • Garen F Lafser • 314-374-3687
$10,500,000
1027 Caroline Dr, Washington, MO 63090
5beds
4baths
105,000sqft
Multi Family, Apartment
Built in 1974
-- sqft lot
$-- Zestimate®
$100/sqft
$-- HOA
What's special
- 69 days
- 34
- 0
Zillow last checked:
Listing updated:
Listed by:
Garen F Lafser 314-374-3687,
Salient Realty Group, LLC,
Matt G Millslagle 314-323-3340,
Salient Realty Group, LLC
Source: MARIS,MLS#: 26038016
Originating MLS: St. Louis Association of REALTORS
Originating MLS: St. Louis Association of REALTORSFacts & 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
- Cumulative days on market: 69 days
- Listing terms: Other
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/30/2026 | Contingent | $10,500,000$100/sqft |
Source:  MARIS #26038016 Report a problem | ||
| 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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Neighborhood: 63090
Nearby schools
Schools provided by the listing agent
- Elementary: South Point Elem.
- Middle: Washington Middle
- High: Washington High
Source: MARIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
