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$10,500,000 Active Under Contract

1027 Caroline Drive, Washington, MO, 63090

0 ba | 105,000 sq ft | Apartment Style
Subdivision: Sunrise Valley & Madison Place Apartments
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

Status: Active Under Contract · MLS# 26038016 · Listing Courtesy of Salient Realty Group, LLC, [email protected]

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Facts and features

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
889 Walter Way, Washington, MO 63090 2/2 1,056 $264,339 $264,339
100% of ask
Nov 12, 2026
478 Oak Field Court, Washington, MO 63090 6/4 2,460 $665,000 $648,500
97.5% of ask
Nov 9, 2026
4600 Hilltop Drive, Washington, MO 63090 3/3 1,552 $625,000 $600,000
96% of ask
Nov 9, 2026
601 W 9th Street, Washington, MO 63090 3/2 1,300 $214,900 $185,000
86.1% of ask
Nov 6, 2026
524 E 7th Street, Washington, MO 63090 3/2 1,311 $234,500 $220,000
93.8% of ask
Nov 6, 2026
713 Sydney Court, Washington, MO 63090 3/2 1,475 $310,000 $300,000
96.8% of ask
Nov 5, 2026

Price & Listing History

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

Every time this home was on the market

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Most MLS-recorded sales near this home

Most closed sales in the last 12 months around this address, listing side and buyer side, plus this listing agent's record.

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