Residential Income Property with Two-Car
For Sale
$198,000
1443 Northwest Drive, Morgantown, WV 26505
Single Family Attached, Split Entry, Morgantown, WV
Property Size1,601 SF
Lot Size0.08 Acres
Price / SF$123.67
Days on Market47
Property Features for 1443 Northwest Drive
General Information
Property type
Residential
Property subtype
Duplex
Zoning
Neighborhood Residential
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Basement, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 1
Parking features
Off Street
Patio and Porch features
Deck
Interior features
Gas Stove Connection, Washer Connection, Electric Dryer Connection
Exterior features
Deck
Appliances
Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Lot features
Wooded, Sloping
Elementary school
North Elementary
Middle school
Suncrest Middle
High school
Morgantown High
Elementary school district
Monongalia
Middle school district
Monongalia
High school district
Monongalia
Directions
Pineview Drive to Riddle, Left on Briarwood, Right on Northwest Drive, Duplex on the left. Unit is the left side of the duplex.
Subdivision
Monongalia/Morgantown
Standard status
Active
Size
1,601 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT LOT 6 (6-B) OR .0803 AC PLAT #7
Tax Annual Amount
1695
Legal Description
PT LOT 6 (6-B) OR .0803 AC PLAT #7
Utilities
Heating system
Central, Forced Air
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
1973
Floors in Building
2
Number of units
1
Flooring type
Laminate, Carpet - Full, Vinyl
Building materials
Frame, Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
SPRINGSTON REAL ESTATE
(304) 363-2128
Listed By:
JESSICA DUNLEVY · License #WV0030393
(304) 376-3200
Added: Jul 19
Changed: Sep 3
Last Checked: Sep 3 at 11:06AM
MLS# 10165926
Copyright © 2026 North Central West Virginia Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This attached duplex (left side only) offers a practical residential income setup with a three-bedroom, two-and-a-half-bath layout. The main living room features abundant natural light, and the kitchen opens to a deck. Downstairs, a lower-level gathering room includes a full bathroom and a large closet, providing flexible space for guests or additional living needs. The home includes gas stove connection, washer connection, and electric dryer connection, with appliances such as a range, dishwasher, disposal, refrigerator, washer, and dryer. Flooring is a mix of carpet, vinyl, and laminate. Constructed in 1973 with frame and block materials and a shingle roof, the property is heated with central forced air and cooled with central air and ceiling fans.
Off-street parking is available, and the home includes a two-car garage. The lot size is 0.083 acres, with 1,601 square feet of interior space.
Off-street parking is available, and the home includes a two-car garage. The lot size is 0.083 acres, with 1,601 square feet of interior space.
Key Highlights
- Attached duplex (left side only) with three bedrooms and two‑and‑a‑half bathrooms
- 1,601 SF on a 0.083‑acre lot
- Deck off the kitchen plus a full living room with abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,131
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$182,620
$182.6K
Cap Rate 7%
$130,443
$130.4K
Cap Rate 9%
$101,456
$101.5K
Market Conditions
NOI Build-Up for 1,601 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$16.9K $10.56/SF
− Vacancy
−$304 −$0.19/SF
EGI
$16.6K $10.37/SF
− OpEx
−$7.5K −$4.67/SF
NOI
$9.1K $5.70/SF
Area
Monongalia County, WV
Vacancy
1.80%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$182,620
Cap Rate 7%
$130,443
Cap Rate 9%
$101,456
Alternative Uses
Best Use
Apartment 5plus
$130.4K
$114.1K – $152.2K
NOI $9,131 @ 7.0% cap · market cap 4.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$461.5K
$403.9K – $538.5K
NOI $32,308 @ 7.0% cap · market cap 16.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
768
Businesses Nearby
Explore this area
Business Placement
Demographics for 26505, WV
39,057
Population
19,220
Households
2
Avg Household Size
27
Median Age
55%
College-Educated
93%
High-School Grad
12.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$42,275
Median Household Income
$24,042
Median Earnings
$942
Median Rent
$265,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Attached duplex left side unit with three bedrooms and a deck, plus off-street parking and central HVAC.
Where is this single family property located?
The property is located at 1443 Northwest Drive Morgantown, WV.
What is the asking price?
The asking price for this property is $198,000.
What are key features of this property?
This property features: Attached duplex (left side only) with three bedrooms and two‑and‑a‑half bathrooms; 1,601 SF on a 0.083‑acre lot; Deck off the kitchen plus a full living room with abundant natural light
