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    501 King St Martinsburg, WV 25401

    Sponsored
    For Sale
    $599,900

    Six-unit French Provincial apartment building

    Property size:
    8,093 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This charming six-unit French Provincial-style apartment building, located at 501 W King Street in downtown Martinsburg, WV, presents a compelling investment opportunity. The 8,093 square foot property sits on a 0.13-acre corner lot, offering convenient access to The Garage on King food hall and other downtown amenities. The building comprises four one-bedroom and two two-bedroom apartments, each equipped with its own electric HVAC system. Water metering is conveniently located in the basement for efficient tenant billing. Currently generating $5,350 in gross monthly income ($5,250 rent + $100 laundry), the property boasts significant upside potential. Three units have recently undergone renovations and market rate increases, while one vacant unit awaits renovation to further boost income, potentially reaching $7,050 monthly. This low-maintenance property offers a high return on investment in a thriving downtown location. The prime location ensures strong tenant demand and walkability to dining, entertainment, and other downtown attractions. This is an exceptional opportunity for investors seeking a stable and appreciating asset in a desirable West Virginia market.

    Property Features for 501 King St

    General Information

    Property type
    Residential income properties
    Square Feet
    8,093 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1930
    Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency Law Firm 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
    Martinsburg
    County
    Berkeley
    State
    West Virginia
    Longitude
    -77.96912
    Latitude
    39.45707

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    FAQs

    What type of property is this?
    Residential income property - Six-unit French Provincial apartment building
    Where is this residential income property located?
    The property is located at 501 King St Martinsburg, WV.
    What is the asking price?
    The asking price for this property is $599,900.
    (304) 728-2000
    Request Owner's contact information
    501 King St Martinsburg, WV 25401
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    Martinsburg, WV 25401
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    Realmo Value Estimation

    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.

    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.

    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
    501 King St Martinsburg, WV 25401
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