1027 Caroline Drive, Washington, MO 63090

Listing agent Matthew Millslagle License #2024031548

Listing office Salient Realty Group Show Phone

Listing date Jun 15, 2026

Source Crexi

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Overview

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.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Washington

County

Franklin

State

Missouri

Longitude

-91.002679

Latitude

38.539383

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FAQs

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