Duplex with Separate
New
For Sale
$299,900
106 Layne Avenue, Nitro, WV 25143
MULTI_FAMILY - Nitro, WV
Property Size3,295 SF
Lot Size0.12 Acres
Price / SF$91.02
Days on Market1
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 2, Bedroom 4, Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 7, Bathroom 4, Bedroom 1, Bedroom 6, Bedroom 5, Basement, 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
Active
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
Central Air, Window Unit(s)
Water source
Public
Amenities
hardwood floors
screened-in back porch
fully fenced yard
Building Details
Year built
1949
Number of units
2
Flooring type
Carpet, Hardwood, Laminate
Building materials
AluminumSiding, Block
Roof type
Composition, Shingle
Listing Agency:
Better Homes and Gardens Real Estate Central
(304) 201-7653
Listed By:
Christina DiFilippo · License #0027337
(304) 545-6364
Added: Aug 11
Last Checked: Aug 11 at 5:06PM
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.
This duplex property contains a primary residence with five bedrooms, two full bathrooms, and one half bathroom, along with a separate two-bedroom apartment. The 3,295-square-foot property dates to 1949 and includes hardwood, carpet, and laminate flooring, updated finishes, a kitchen equipped with a dishwasher, oven, range, and refrigerator, plus a recently added primary suite. A screened-in rear porch extends the usable living area, while the fully fenced yard adds outdoor space. Heating is provided by forced-air natural gas, with central air and window-unit cooling.
Located at 106 Layne Avenue in Nitro, the property has public water and public sewer service. On-street parking is available, and the separate apartment provides additional household space or potential rental income.
Located at 106 Layne Avenue in Nitro, the property has public water and public sewer service. On-street parking is available, and the separate apartment provides additional household space or potential rental income.
Key Highlights
- 3,295‑square‑foot duplex property with a separate 2‑bedroom apartment
- Primary residence includes 5 bedrooms, 2 full baths, and 1 half bath
- Recently added primary suite and updated interior finishes
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
7.52%
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 7.52%
Second Best
Apartment 5plus
$303.5K
$265.6K – $354.1K
NOI $21,247 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$726.6K
$635.8K – $847.7K
NOI $50,864 @ 7.0% cap · market cap 16.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
151
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
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 - Updated residential income property with a fenced yard, screened porch, and distinct living accommodations.
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 $299,900.
What are key features of this property?
This property features: 3,295‑square‑foot duplex property with a separate 2‑bedroom apartment; Primary residence includes 5 bedrooms, 2 full baths, and 1 half bath; Recently added primary suite and updated interior finishes
