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1027 Caroline Drive, Washington, MO, 63090

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

Subdivision: Sunrise Valley & Madison Place Apartments

List Price

$ 10,500,000

Status

Active Under Contract

Days on market

0

MLS#

26038016

Bedrooms

0

Full baths

0

Sq. Ft. Above

105,000

Subdivision

Sunrise Valley & Madison Place Apartments

Municipality

Washington

School District

Washington

County

Franklin

Property Type

Residential Income

Style

Apartment Style

Type

Residential Income

Additional Information

Recent Nearby Sales in 63090

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
5370 Highway 100, Washington, MO 63090 5/4 2,400 $2,800 $2,800
100% of ask
Sep 1, 2026
2433 Fiddlers Close Road, 105 STB, Washington, MO 63090 4/3 1,905 $611,000 $597,492
97.8% of ask
Sep 1, 2026
702 Oriole Lane, Washington, MO 63090 4/2 1,817 $345,000 $351,013
101.7% of ask
Aug 31, 2026
122 Burnside Street, Washington, MO 63090 3/1 1,066 $205,000 $212,000
103.4% of ask
Aug 28, 2026
405 High Street, Washington, MO 63090 4/2 1,839 $285,000 $290,000
101.8% of ask
Aug 25, 2026
305 Rand Street, Washington, MO 63090 3/3 1,882 $324,000 $315,000
97.2% of ask
Aug 25, 2026

Price & Listing History

Listed for sale
Jun 15, 2026 at $10,500,000
Current status: Active Under Contract
As of Jul 30, 2026 · $10,500,000

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