115-Unit Multifamily
For Sale
Contact for pricing
1027 Caroline Drive, Washington, MO 63090
For sale 115-unit multifamily asset in Washington, Missouri, supported by a growing regional workforce economy.
Property Size105,000 SF
Price / SF$100
Days on Market54
Property Features for 1027 Caroline Drive
General Information
Standard status
Active
Size
105,000 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
115
Listing Agency:
Salient Realty Group
(314) 451-7471
Listed By:
Matthew Millslagle · License #2024031548
Source:
Crexi
Added: Jun 15
Changed: Jul 10
Last Checked: Aug 6 at 12:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Salient Realty Group
Investment Insights
Based on property information with market context.
This portfolio consists of a 115-unit multifamily property located at 1027 Caroline Drive in Washington, Missouri. The offering is positioned around the area’s rental housing demand, supported by the community’s stable employment base and ongoing public and private investment.
Washington is described as a historic river town on the south bank of the Missouri River and is home to approximately 15,900 residents, with roughly 8% growth since the 2020 Census. The remarks cite major employers including Mercy Hospital Washington and the Washington School District, along with manufacturing and distribution firms operating within the Oldenburg Industrial Park and additional retail development. Transportation access is supported by MO Routes 100 and 47 and Amtrak’s Missouri River Runner service from Washington Station.
For tenants, the asset’s scale supports a range of household needs, while operators benefit from owning in a community highlighted for strong civic amenities, including a park system and trail network and proximity to Klondike Park and Don Robinson State Park. The property’s location within Washington’s established workforce-driven market and its active revitalization efforts provide a practical foundation for long-term rental housing operations.
Washington is described as a historic river town on the south bank of the Missouri River and is home to approximately 15,900 residents, with roughly 8% growth since the 2020 Census. The remarks cite major employers including Mercy Hospital Washington and the Washington School District, along with manufacturing and distribution firms operating within the Oldenburg Industrial Park and additional retail development. Transportation access is supported by MO Routes 100 and 47 and Amtrak’s Missouri River Runner service from Washington Station.
For tenants, the asset’s scale supports a range of household needs, while operators benefit from owning in a community highlighted for strong civic amenities, including a park system and trail network and proximity to Klondike Park and Don Robinson State Park. The property’s location within Washington’s established workforce-driven market and its active revitalization efforts provide a practical foundation for long-term rental housing operations.
Key Highlights
- 115‑unit multifamily asset in Washington, Missouri, in a steadily growing Franklin County community
- Washington has ~15,900 residents with an estimated ~8% growth rate since the 2020 Census
- Median household income is approximately $79,000, supported by major employers including Mercy Hospital Washington and the Washington School District
Property Analytics
Property Profile
Current Use
Lease Details
115
Residential units
Location Intelligence
Trade Area within ½ mile
389
Businesses Nearby
Explore this area
Business Placement
Demographics for 63090, MO
22,843
Population
9,745
Households
2.3
Avg Household Size
43
Median Age
33%
College-Educated
94%
High-School Grad
81.5 sq mi
ZIP Area
280
Density / Sq Mi
$83,966
Median Household Income
$46,556
Median Earnings
$873
Median Rent
$260,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - For sale 115-unit multifamily asset in Washington, Missouri, supported by a growing regional workforce economy.
Where is this apartment building located?
The property is located at 1027 Caroline Drive Washington, MO.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: 115‑unit multifamily asset in Washington, Missouri, in a steadily growing Franklin County community; Washington has ~15,900 residents with an estimated ~8% growth rate since the 2020 Census; Median household income is approximately $79,000, supported by major employers including Mercy Hospital Washington and the Washington School District
