Two-Unit Duplex with
For Sale
$223,800
565 E Brockway Avenue, Morgantown, WV 26501
Multi-Unit/Income, Two Story, Morgantown, WV
Property Size1,773 SF
Lot Size0.14 Acres
Price / SF$126.23
Days on Market47
Property Features for 565 E Brockway Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Neighborhood Mix Use
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Basement, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Interior features
Gas Stove Connection, Electric Stove Connection
Appliances
Range, Dishwasher, Refrigerator, Washer, Dryer
Lot features
Sloping
Elementary school
Mountainview Elementary
Middle school
South Middle
High school
Morgantown High
Elementary school district
Monongalia
Middle school district
Monongalia
High school district
Monongalia
Directions
From downtown Morgantown, cross Walnut Street bridge. Follow Route 7 East (E. Brockway) towards Sabraton. Property is on the LEFT.
Subdivision
Monongalia/Morgantown
Standard status
Active
Size
1,773 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BL 12, LOTS 15,16 E BROCKWAY AVE
Tax Annual Amount
967
Legal Description
BL 12, LOTS 15,16 E BROCKWAY AVE
Utilities
Heating system
Central, Baseboard, Electric (Heating), Natural Gas
Cooling system
Ceiling Fan(s)
Amenities
shared basement with washer/dryer
decks/porches
garden area
Building Details
Year built
1910
Floors in Building
4
Number of units
2
Flooring type
Carpet - Full, Vinyl
Building materials
Block, Concrete
Roof type
Shingle
Architectural style
Other
Listing Agency:
SNIDER REALTY GROUP
(304) 241-1150
Listed By:
MINDY TATAR · License #4082
(304) 216-9968
Added: Jul 23
Changed: Sep 2
Last Checked: Sep 7 at 7:06PM
MLS# 10166049
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 detached duplex contains 1,773 square feet across two residential units. Unit A occupies three floors with three bedrooms, one bathroom, and two bonus rooms. Unit B is a lower-level one-bedroom apartment with an updated bathroom and kitchen flooring. The property also includes three decks or porches, a shared basement with washer and dryer, separate electrical panels, and tenant-paid gas and electric utilities. The owner pays water and garbage.
Unit A is leased through June 2027, while Unit B is leased through May 2027. Recent improvements include LVP flooring in Unit A updated in 2021, a newer water heater installed in 2024, Unit B bathroom and kitchen flooring updated in 2025, and a new water heater listed for 2026. The current letter of compliance remains valid through August 2028.
Set on 0.135 acres in Morgantown, the property has a garden area, side yard, backyard access to Pennsylvania Ave, and proximity to downtown and West Virginia University. Zoning is Neighborhood Mix Use, and showings require 24-hour notice.
Unit A is leased through June 2027, while Unit B is leased through May 2027. Recent improvements include LVP flooring in Unit A updated in 2021, a newer water heater installed in 2024, Unit B bathroom and kitchen flooring updated in 2025, and a new water heater listed for 2026. The current letter of compliance remains valid through August 2028.
Set on 0.135 acres in Morgantown, the property has a garden area, side yard, backyard access to Pennsylvania Ave, and proximity to downtown and West Virginia University. Zoning is Neighborhood Mix Use, and showings require 24-hour notice.
Key Highlights
- 1,773‑square‑foot detached duplex with two residential units
- Unit A: 3 bedrooms, 1 bathroom, and 2 bonus rooms across 3 floors
- Unit B: 1‑bedroom lower‑level apartment with updated bathroom and kitchen flooring in 2025
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
$10,979
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
4.91%
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%
$219,580
$219.6K
Cap Rate 7%
$156,843
$156.8K
Cap Rate 9%
$121,989
$122.0K
Market Conditions
NOI Build-Up for 1,773 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
$16.0K $9.00/SF
− Vacancy
−$273 −$0.15/SF
EGI
$15.7K $8.85/SF
− OpEx
−$4.7K −$2.65/SF
NOI
$11.0K $6.19/SF
Area
Monongalia County, WV
Vacancy
1.71%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$219,580
Cap Rate 7%
$156,843
Cap Rate 9%
$121,989
Alternative Uses
Best Use
Multifamily LT 5
$156.8K
$137.2K – $183.0K
NOI $10,979 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$144.5K
$126.4K – $168.5K
NOI $10,112 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$511.1K
$447.2K – $596.3K
NOI $35,779 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
Explore this area
Business Placement
Demographics for 26501, WV
19,200
Population
9,541
Households
2
Avg Household Size
38
Median Age
45%
College-Educated
94%
High-School Grad
58.5 sq mi
ZIP Area
328
Density / Sq Mi
$62,173
Median Household Income
$34,949
Median Earnings
$914
Median Rent
$213,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Detached duplex with leased units, separate electrical panels, shared laundry, and Neighborhood Mix Use zoning.
Where is this duplex located?
The property is located at 565 E Brockway Avenue Morgantown, WV.
What is the asking price?
The asking price for this property is $223,800.
What are key features of this property?
This property features: 1,773‑square‑foot detached duplex with two residential units; Unit A: 3 bedrooms, 1 bathroom, and 2 bonus rooms across 3 floors; Unit B: 1‑bedroom lower‑level apartment with updated bathroom and kitchen flooring in 2025
