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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

  • Year Built
    1974
  • Architectural Style
    Apartment Style
  • Construction Materials
    Brick
  • Living Area
    105000.0
  • Cooling
    Central Air, Wall Unit(s)

  • Area
    366 - Washington School
  • County
    Franklin
  • City
    Washington
  • Neighborhood
    Sunrise Valley & Madison Place Apartments
  • Zip Code
    63090
  • High School
    Washington High
  • Middle School
    Washington Middle
  • Elementary School
    South Point Elem.

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Frequently Asked Questions

How do I schedule a tour of 1027 Caroline Dr?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 1027 Caroline Dr.

They know residential incomes in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 1027 Caroline Dr?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $10,500,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Washington, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 1027 Caroline Dr?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 1027 Caroline Dr at around $59,753. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 1027 Caroline Dr?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Franklin County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 1027 Caroline Dr?

In most cases, yes. Whether 1027 Caroline Dr is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Washington's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 1027 Caroline Dr?

We can handle that for you. Our preferred local agent specializes in residential incomes in Washington and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $10,500,000 with 105,000 sqft of space—that comes out to approximately $100 per square foot.

How long has this property been on the market?

1027 Caroline Dr was listed on June 15, 2026, which means it's been on the market for 148 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1974, making it approximately 52 years old.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: South Point Elem.
  • Middle: Washington Middle
  • High: Washington High

Want to see how these schools compare? Check out our Franklin County School Guide to see ratings, reviews, and more for the schools in the area.

Is 1027 Caroline Dr still available for sale?

This home is under contract, but may still accept backup offers. Click ♥ to track updates or connect with our local expert to see if it's still worth pursuing.

Source: ez Home Search, MLS Data

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Based on information submitted to the MLS GRID as of November 10, 2026 at 08:30AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Source: MARIS MLS | MLS#: 26038016