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    529 S George St Charles Town, WV 25414

    Sponsored
    For Sale
    $444,900

    MULTI_FAMILY - Victorian - CHARLES TOWN, WV

    Property size:
    3,190 SF
    Lot size:
    0.24 Acres
    Days on Market:
    50
    Last Refresh:
    Jan 30 at 8:06 pm

    Property Features for 529 S George St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    Parking features
    On Street, Off Street, Assigned, Driveway
    Interior features
    Additional Stairway, Bathroom - Tub Shower, Carpet, Wood Floors
    Fireplace
    1
    Appliances
    Microwave, Oven/Range - Electric, Refrigerator
    Size
    3,190 SF
    Lot size
    0.24 Acres

    Utilities

    Heating system
    Hot Water(Heating)

    Building Details

    Year built
    1894
    Number of units
    4
    Building materials
    Brick, Wood Siding
    Architectural style
    Victorian

    We can help!

    Listing Contact
    Cheryl D Yates

    ERA OakCrest Realty (540) 665-0360

    Listing agent Cheryl D Yates (304) 728-2000 License #WV0014998

    Listing date Dec 12, 2025

    MLS# WVJF2020602 Listing URL

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Victorian Multi-Unit Investment Opportunity

    Located in Charles Town, WV, this 1894 Victorian multi-unit property offers a rare investment opportunity. The building features four distinct 1-bedroom apartments within its 3,190 square feet of space, set on a 0.24-acre lot. The property combines historic character with convenient access to local amenities. The exterior showcases classic wood-and-brick construction, soaring gables, and inviting porches. Inside, wood floors are present throughout, complemented by vinyl and carpet in practical areas. The main-level studio includes an enclosed porch, a combined living/bedroom area, a compact kitchen, and a full bath. The second main-level unit offers a living room, bedroom, a small kitchen opening to a covered porch, a foyer, and a pantry. The third apartment, located upstairs, features a living room, den, large kitchen, bedroom, full bath with double sinks, a library, and a porch leading to a private upper deck. The third-level unit includes a living room, bedroom, full bath, and a small kitchen with pantry. A cellar-style basement houses a shared washer and dryer, water heater, and boiler system. The property is within city limits, providing access to restaurants, shopping, schools, and major commuter routes including Rt 9, Rt 340, I-81, I-70, I-270, and I-68, with proximity to Maryland and Virginia.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Charles Town
    County
    Jefferson
    State
    West Virginia
    Longitude
    -77.85714
    Latitude
    39.28486

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    FAQs

    What type of property is this?
    Quadplex - Charming 1894 Victorian with four 1-bedroom apartments.
    Where is this quadplex located?
    The property is located at 529 S George St Charles Town, WV.
    What is the asking price?
    The asking price for this property is $444,900.
    What are key features of this property?
    This property features: - Four distinct 1-bedroom apartments offer income potential.; - Located in the heart of Charles Town, providing convenient access to restaurants, shopping, and schools.; - Easy access to major commuter routes: Rt 9, Rt 340, I-81, I-70, I-270, and I-68.
    (304) 728-2000
    Request Owner's contact information
    529 S George St Charles Town, WV 25414
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    Charles Town, WV 25414
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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
    529 S George St Charles Town, WV 25414
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    We can help!
    Listing Contact
    Cheryl D Yates
    Real Estate License ID: WV0014998
    (304) 728-2000
    Learn more
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