Fairmont Multifamily Investment
140 Locust Avenue Fairmont, WV 26554
For Sale
$310,000
MULTI_FAMILY - Fairmont, WV
Property Size4,200 SF
Lot Size0.15 Acres
Price / SF$73.81
Days on Market60
Property Features for 140 Locust Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Main Corridor Commercial
Bedrooms
7
Bathrooms
6
Rooms
Bathroom 6, Bedroom 6, Bathroom 1, Basement, Bathroom 2, Bedroom 7, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 5, Bathroom 3, Bathroom 4, Bedroom 5, Bedroom 4
Parking features
Off Street
Patio and Porch features
Porch
Interior features
Electric Stove Connection, 9ft+ Ceiling
Exterior features
Porch
Appliances
Range, Refrigerator
Standard status
Active
Size
4,200 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 3 LOCUST AVENUE GETTING ADD (APTS),BLK A LT 7 J F WATSON ADD
Tax Annual Amount
1392
Utilities
Heating system
Baseboard, Forced Air, Natural Gas
Cooling system
Ceiling Fan(s)
Building Details
Year built
1924
Floors in Building
3
Number of units
6
Flooring type
Vinyl, Wood
Building materials
Frame, Block
Architectural style
Other
Listing Agency:
OLD COLONY COMPANY OF MORGANTOWN
(304) 291-2121
Listed By:
SARAH DEWEESE
(304) 629-6281
Added: May 29
Last Checked: Jul 27 at 9:06AM
MLS# 10159815
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Investment Insights
Based on property information with market context.
This six-unit apartment building, situated just over one mile from Fairmont State University in Fairmont, WV, presents an investment opportunity. The property is currently generating over $4,000 per month, with all units occupied and leases transferable to the new owner. The building features a rolled roof that is less than two years old. Recent updates include flooring and showers in two of the units, along with the installation of two new water heaters. The property is zoned Main Corridor Commercial and has a lot size of 0.152 acres. The building encompasses 4,200 square feet.
Key Highlights
- 6‑unit apartment building generating over $4,000/month; all units currently occupied with leases transferring
- Rolled roof installed less than 2 years ago
- Recent updates in 2 units: flooring and showers
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Six-unit apartment building near Fairmont State University, generating over $4k/month.
Where is this apartment building located?
The property is located at 140 Locust Avenue Fairmont, WV.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 6‑unit apartment building generating over $4,000/month; all units currently occupied with leases transferring; Rolled roof installed less than 2 years ago; Recent updates in 2 units: flooring and showers
