4-Unit
102 Holland Ave, Westover, WV 26501
For Sale
$399,000
Rear parking is accessible from Ross Street, with downtown Morgantown and West Virginia University nearby.
Property Size3,504 SF
Price / SF$113.87
Days on Market14
Property Features for 102 Holland Ave
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES TOUCHDOWN HOME PROS REALTY
Listed By:
Brian Covell · License #WVS200300950
(301) 501-0698
Source:
Exprealty
Added: Oct 26
Changed: Nov 4
Last Checked: Nov 6 at 2:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BERKSHIRE HATHAWAY HOMESERVICES TOUCHDOWN HOME PROS REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit multifamily property in Westover contains approximately 3,504 square feet. Rear parking is accessed from Ross Street, providing a defined parking area for the building.
The property is across the Pleasant Street Bridge from downtown Morgantown and is near West Virginia University, shopping, dining, and major transportation routes.
The property is across the Pleasant Street Bridge from downtown Morgantown and is near West Virginia University, shopping, dining, and major transportation routes.
Key Highlights
- Four separate residential units
- Approximately 3,504 square feet
- Rear parking access from Ross Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,698
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$433,960
$434.0K
Cap Rate 7%
$309,971
$310.0K
Cap Rate 9%
$241,089
$241.1K
Market Conditions
NOI Build-Up for 3,504 SF
Gross rent
$31.5K $9.00/SF
− Vacancy
−$539 −$0.15/SF
EGI
$31.0K $8.85/SF
− OpEx
−$9.3K −$2.65/SF
NOI
$21.7K $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 Rate 5%
$433,960
Cap Rate 7%
$309,971
Cap Rate 9%
$241,089
Alternative Uses
Best Use
Multifamily LT 5
$310.0K
$271.2K – $361.6K
NOI $21,698 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$285.5K
$249.8K – $333.1K
NOI $19,985 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$1.01M
$883.9K – $1.18M
NOI $70,711 @ 7.0% cap · market cap 17.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,579
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
Frequently Asked Questions
What type of property is this?
Quadplex - Rear parking is accessible from Ross Street, with downtown Morgantown and West Virginia University nearby.
Where is this quadplex located?
The property is located at 102 Holland Ave Westover, WV.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Four separate residential units; Approximately 3,504 square feet; Rear parking access from Ross Street
