Duplex with Separate
For Sale
$274,900
Pending
106 Layne Avenue, Nitro, WV 25143
ResidentialIncome, Nitro, WV
Property Size3,295 SF
Lot Size0.12 Acres
Days on Market46
Property Features for 106 Layne Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 4, Basement, Bedroom 6, Bedroom 7, Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 2
Parking features
On Street
Appliances
Dishwasher, Oven, Range, Refrigerator
Elementary school
Nitro
Middle school
Andrew Jackson
High school
Nitro
Directions
From I-64, take the Nitro exit, turn left onto Route 25, turn right onto Lock Street across railroad tracks, turn right onto Layne Ave, the house will be on your left.
Subdivision
Nitro
Standard status
Pending
APN
27-0006-0108-0000-0000
Size
3,295 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
LT 6 EAST VIEW ADN LAYNE AVE 106
Tax Annual Amount
1337
Legal Description
LT 6 EAST VIEW ADN LAYNE AVE 106
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s), Central Air
Water source
Public
Building Details
Year built
1949
Number of units
2
Flooring type
Laminate, Hardwood, Carpet
Building materials
AluminumSiding, Block
Roof type
Shingle, Composition
Listing Agency:
Better Homes and Gardens Real Estate Central
(304) 201-7653
Listed By:
Christina DiFilippo · License #0027337
(304) 545-6364
Added: Aug 11
Changed: Sep 12
Last Checked: Sep 25 at 10:06AM
MLS# 284938
Copyright © 2026 Kanawha Valley Board of Realtors. 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.
Located at 106 Layne Avenue in Nitro, this 3,295-square-foot duplex was built in 1949 and includes a primary residence with five bedrooms, two full bathrooms, and one half bathroom. The home features hardwood, laminate, and carpet flooring, updated finishes, a kitchen with dishwasher, oven, range, and refrigerator, plus forced-air natural gas heating and central air with supplemental window units. Aluminum siding, block construction, and a composition shingle roof complete the existing improvements.
A separate two-bedroom apartment adds another living component within the property and can accommodate guests, extended household needs, or rental use. Outdoor features include a screened-in back porch and a fully fenced yard. The 0.12-acre property has public water, public sewer, and on-street parking, with access to nearby amenities in Nitro.
A separate two-bedroom apartment adds another living component within the property and can accommodate guests, extended household needs, or rental use. Outdoor features include a screened-in back porch and a fully fenced yard. The 0.12-acre property has public water, public sewer, and on-street parking, with access to nearby amenities in Nitro.
Key Highlights
- 3,295‑square‑foot duplex on a 0.12‑acre lot
- Five‑bedroom primary residence with 2 full baths and 1 half bath
- Separate 2‑bedroom apartment
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
$22,538
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
8.20%
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%
$450,760
$450.8K
Cap Rate 7%
$321,971
$322.0K
Cap Rate 9%
$250,422
$250.4K
Market Conditions
NOI Build-Up for 3,295 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
$33.6K $10.20/SF
− Vacancy
−$1.4K −$0.43/SF
EGI
$32.2K $9.77/SF
− OpEx
−$9.7K −$2.93/SF
NOI
$22.5K $6.84/SF
Area
Kanawha County, WV
Vacancy
4.20%
Lease Rate
$10.20 /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%
$450,760
Cap Rate 7%
$321,971
Cap Rate 9%
$250,422
Alternative Uses
Best Use
Multifamily LT 5
$322.0K
$281.7K – $375.6K
NOI $22,538 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$303.5K
$265.6K – $354.1K
NOI $21,247 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$726.6K
$635.8K – $847.7K
NOI $50,864 @ 7.0% cap · market cap 18.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
Explore this area
Business Placement
Demographics for 25143, WV
8,792
Population
4,423
Households
2
Avg Household Size
42
Median Age
18%
College-Educated
90%
High-School Grad
8.9 sq mi
ZIP Area
988
Density / Sq Mi
$55,088
Median Household Income
$39,693
Median Earnings
$878
Median Rent
$119,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated duplex with flexible living arrangements, a screened porch, and a fenced yard in Nitro.
Where is this duplex located?
The property is located at 106 Layne Avenue Nitro, WV.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: 3,295‑square‑foot duplex on a 0.12‑acre lot; Five‑bedroom primary residence with 2 full baths and 1 half bath; Separate 2‑bedroom apartment
