Three-Unit Residential
For Sale
Under Contract
$149,000
574 Pennsylvania Avenue, Morgantown, WV 26501
Multi-Unit/Income, Traditional, Two Story, Morgantown, WV
Property Size1,797 SF
Lot Size0.06 Acres
Price / SF$82.92
Days on Market21
Property Features for 574 Pennsylvania Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Special Business
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 1
Patio and Porch features
Porch
Interior features
Electric Stove Connection, Washer Connection, Electric Dryer Connection
Exterior features
Porch
Appliances
Range, 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 I-79 South take I-68 East. Exit at Sabraton (4), Right on Rt 7 West to E. Brockway Ave. Keep right on Pennsylvania Ave. Property is on the left.
Subdivision
Monongalia/Morgantown
Standard status
Active Under Contract
Size
1,797 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
BL 12, LOT 20 574 PENNSYLVANIA AVE
Tax Annual Amount
1619
Legal Description
BL 12, LOT 20 574 PENNSYLVANIA AVE
Utilities
Heating system
Baseboard
Cooling system
Window Unit(s)
Building Details
Year built
1911
Floors in Building
3
Number of units
3
Flooring type
Vinyl, Carpet - Full
Building materials
Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
THE AGENCY - MORGANTOWN
(304) 212-2500
Listed By:
ZECH BEARD · License #WV0028796
(304) 777-9343
Added: Aug 10
Changed: Aug 21
Last Checked: Aug 30 at 2:06AM
MLS# 10166353
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 three-unit residential property contains a combined 1,797 square feet and offers a varied bedroom configuration across the units. The layout includes one three-bedroom unit, one two-bedroom unit, and one one-bedroom unit, with each unit providing one full bathroom. Interior features include washer, dryer, electric stove, and appliance connections, while supplied appliances include a range, refrigerator, washer, and dryer. Vinyl and full carpeting are used throughout, with baseboard heat and window-unit cooling.
The property sits on a 0.057-acre lot and includes a porch, frame construction, and a shingle roof. Built in 1911, it is currently vacant. Special Business zoning applies to the property, which is located at 574 Pennsylvania Avenue in Morgantown, West Virginia.
The property sits on a 0.057-acre lot and includes a porch, frame construction, and a shingle roof. Built in 1911, it is currently vacant. Special Business zoning applies to the property, which is located at 574 Pennsylvania Avenue in Morgantown, West Virginia.
Key Highlights
- Three residential units with 3‑bedroom, 2‑bedroom, and 1‑bedroom layouts
- 1,797 square feet on a 0.057‑acre lot
- Each unit includes 1 full bathroom
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
$11,128
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
7.47%
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%
$222,560
$222.6K
Cap Rate 7%
$158,971
$159.0K
Cap Rate 9%
$123,644
$123.6K
Market Conditions
NOI Build-Up for 1,797 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
$16.2K $9.00/SF
− Vacancy
−$277 −$0.15/SF
EGI
$15.9K $8.85/SF
− OpEx
−$4.8K −$2.65/SF
NOI
$11.1K $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%
$222,560
Cap Rate 7%
$158,971
Cap Rate 9%
$123,644
Alternative Uses
Best Use
Multifamily LT 5
$159.0K
$139.1K – $185.5K
NOI $11,128 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$146.4K
$128.1K – $170.8K
NOI $10,249 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$518.1K
$453.3K – $604.4K
NOI $36,264 @ 7.0% cap · market cap 24.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,239
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?
Triplex - Vacant triplex with varied unit layouts, residential amenities, and Special Business zoning.
Where is this triplex located?
The property is located at 574 Pennsylvania Avenue Morgantown, WV.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Three residential units with 3‑bedroom, 2‑bedroom, and 1‑bedroom layouts; 1,797 square feet on a 0.057‑acre lot; Each unit includes 1 full bathroom
