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    9-Unit Apartment Building Title is generated by Realmo AI

    39 43 & 49 Depot Street, Jane Lew, WV 26378

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    Claim this Listing
    New
    For Sale
    $375,000

    MULTI_FAMILY - Jane Lew, WV

    Property size:
    6,200 SF
    Price / SF:
    $60/SF
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 11:06 pm

    Property Features for 39 43 & 49 Depot Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Multiple Family Residence
    Bedrooms
    8
    Bathrooms
    6
    Rooms
    Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 6, Bathroom 4, Bedroom 5, Basement, Bathroom 1, Bathroom 5, Bedroom 7, Bedroom 8, Bathroom 6, Bedroom 4, Bedroom 2, Bedroom 3
    Parking features
    Off Street
    Patio and Porch features
    Porch
    Interior features
    Gas Stove Connection, Washer Connection, Electric Dryer Connection, Some Window Treatments, 9ft+ Ceiling
    Exterior features
    Porch, Balcony, Storm Doors, Storage Shed/Out Bldg, Double Thermo Windows, Screen Porch, Private Yard
    Appliances
    Range, Refrigerator
    Standard status
    Active
    Size
    6,200 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    .38 AC DEPOT STREET
    Tax Annual Amount
    1744

    Utilities

    Heating system
    Electric (Heating), Other (Heating), Baseboard, Hot Water(Heating), Space Heater, Natural Gas
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1930
    Floors in Building
    2
    Number of units
    9
    Flooring type
    Wood, Vinyl, Carpet - Full
    Building materials
    Frame, Brick
    Architectural style
    Bungalow, Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    NANCY FURBY
    NANCY FURBY

    Listing agent NANCY FURBY License #WV0012623

    Listing office ALL SERVICE REALTY, INC 5923 Main Street, WESTON, WV

    Listing date Jun 4, 2026

    MLS# 10165169 Listing URL

    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.

    HighLights

    • 9‑unit property: 4 apartments on the first floor and 3 apartments on the second floor in one two‑story building
    • Unit mix includes a garage apartment and one cottage
    • Built in 1930 with bungalow architectural style
    • Brick/frame construction with double thermo windows
    • Outdoor features include a balcony, porch and screen porch, plus a private yard and storage shed/outbuilding
    • Off‑street parking; interior features include 9ft+ ceilings and washer/dryer connections

    Overview

    This for-sale multifamily property contains nine units across multiple configurations. The offering includes a two-story building with four apartments on the first floor and three apartments on the second floor. In addition, there is a garage apartment and a cottage, creating a varied unit mix within the overall portfolio.

    The property is located at 39, 43 & 49 Depot Street in Jane Lew, West Virginia, within Multiple Family Residence zoning. The combined arrangement provides a straightforward setup for an owner-operator or investor looking to manage multiple residential units under one ownership.

    Because the tenant mix includes both standard apartment units and additional structures such as a garage apartment and cottage, the property may appeal to investors or operators seeking flexibility in residential offerings. For buyers, the controlled scope of nine units can simplify leasing and ongoing management compared with larger communities, while still providing a multi-unit income structure consistent with the stated property configuration.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Jane Lew
    County
    Lewis
    State
    West Virginia
    Longitude
    -80.407816
    Latitude
    39.109822

    Nearby Similar for Sale

    • $168,000
      1,248 SF

      46 Park Avenue, Jane Lew WV 26378

      1,248 sq ft building ideal for retail, office, or events.
      46 Park Ave, Jane Lew, WV 26378
      View Details
    • $325,000
      3,200 SF

      Versatile Commercial Property with Income

      Multi-use property featuring RV hookups, grooming facility, apartment, and HotSpot.
      3414 US Hwy 19 North, Jane Lew, WV 26378
      View Details

    FAQs

    What type of property is this?
    Apartment building - Nine-unit multifamily property with a mix of garage and cottage units for residential income use in Jane Lew.
    Where is this apartment building located?
    The property is located at 39 43 & 49 Depot Street Jane Lew, WV.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: 9‑unit property: 4 apartments on the first floor and 3 apartments on the second floor in one two‑story building; Unit mix includes a garage apartment and one cottage; Built in 1930 with bungalow architectural style
    (304) 266-7291
    We can help!
    Listing Contact
    NANCY FURBY
    NANCY FURBY
    Real Estate License ID: WV0012623
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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