• Office Phone - 816.524.7272
  • Mobile Phone - 816.315.4624

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Listing provided courtesy of Salient Realty Group, LLCas Distributed by MLSGrid- MLS# 26038016MLS Provider

1027 Caroline DriveWashington, MO 63090

Multi-Family · 105,000 Sq. ft.
$10,500,000 Active

1027 Caroline Drive Overview

Visits:
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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

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1027 Caroline Drive Facts & Features

  • Type Multi-Family
  • Sq. ft. 105,000
  • Price/Sq.ft. $100

Details

General

Association/HOA

  • Association: false

School Information

  • School District: Washington
  • Elementary School: South Point Elem.
  • Middle Or Junior School: Washington Middle
  • High School: Washington High

Income/Expenses

  • Gross Income: 1241365
  • Net Operating Income: 845305

Building Information

  • New Construction: false
  • Year Built: 1974

Location/Region

  • County Or Parish: Franklin
  • MLS Area Major: 366 - Washington School
  • Subdivision Name: Sunrise Valley & Madison Place Apartments
  • Township: Washington

Community/Development

  • Number Of Units In Community: 115

General Information

  • Disclosures: None
  • Listing Terms: Other
  • Parcel Number: 10-7-26.0-2-011-077.001
  • Property Sub Type: 5 Family or More
  • Property Type: Residential Income
  • Senior Community: false
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: false

Beds/Baths

  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bedrooms Total: 0

General Information

  • Basement: false
  • Cooling: Central Air,Wall Unit(s)
  • Fireplace: false
  • Levels: Two
  • Living Area: 105000
  • Living Area Source: Estimated

Exterior

Lot Information

  • Number Of Buildings: 10

Building Exterior/Construction

  • Architectural Style: Apartment Style
  • Attached Garage: false
  • Construction Materials: Brick
  • Structure Type: Apartment Building

General Information

  • Carport: false
  • Number Of Units Total: 115

Unit Information

Unit 3 Details

  • Unit Type: 1 Bedroom
  • Actual Rent: 765
  • Beds Total: 1
  • Baths Total: 1
  • Units Total: 21

Unit 4 Details

  • Unit Type: 2 Bedroom
  • Actual Rent: 941
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 66

Unit 1 Details

  • Unit Type: 2 Bedroom
  • Actual Rent: 996
  • Beds Total: 2
  • Baths Total: 1
  • Units Total: 26

Unit 2 Details

  • Unit Type: Efficiency
  • Actual Rent: 725
  • Beds Total: 0
  • Baths Total: 1
  • Units Total: 2

1027 Caroline Drive Neighborhood

Community

63090 (WASHINGTON) Demographics

41
Median Age
259
Population Density (per sq. mile)
40%
College Educated
$76,025
Estimated Median Income
6,771
Estimated Total Home Owners
1,956
Estimated Total Renters
78% / 22%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1027 Caroline Drive Monthly Cost

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$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1027 Caroline Drive Market Data

Based on the last 30 days in this zip code

$435,252
Average List Price
$221
Average Price per Square Foot
29
Properties Sold
114
Average Days on Market
166
Properties for Sale
Calculations provided by Reliance Network

1027 Caroline Drive History

Date Event Value Agent
6/15/2026Source: Missouri - MARIS MLS Added to Database
June 15, 2026