Two-Unit Duplex with
For Sale
Under Contract
$140,000
112 Cornell Avenue, Morgantown, WV 26505
Multi-Unit/Income, Traditional, Morgantown, WV
Property Size1,916 SF
Price / SF$73.07
Days on Market79
Property Features for 112 Cornell Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multiple Family Residence
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Basement, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3
Patio and Porch features
Patio, Porch
Exterior features
Porch, Patio
Lot features
Sloping
Elementary school
Eastwood Elementary
Middle school
Suncrest Middle
High school
University High
Elementary school district
Monongalia
Middle school district
Monongalia
High school district
Monongalia
Directions
From downtown Morgantown take US 119 / Willey Street take a left on Cornell Ave. Subject property will be the 2nd to last house on the left.
Subdivision
Monongalia/Morgantown
Standard status
Active Under Contract
Size
1,916 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
BL A, LOTS 4,5; 112 CORNELL AVE
Tax Annual Amount
2346
Legal Description
BL A, LOTS 4,5; 112 CORNELL AVE
Utilities
Heating system
Forced Air, Central, Baseboard, Natural Gas, Electric (Heating)
Building Details
Year built
1921
Floors in Building
2
Number of units
2
Flooring type
Carpet - Full, Vinyl, Laminate
Building materials
Frame, Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
REAL BROKER, LLC
(304) 282-1184
Listed By:
AARON MARKO · License #WVS180300513
(304) 685-4434
Added: Jun 19
Changed: Aug 24
Last Checked: Sep 5 at 5:06PM
MLS# 10163091
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 duplex contains 1,916 square feet and is configured with two two-bedroom residential units. The 1921 property includes a basement, porch, and patio, with frame and block construction beneath a shingle roof. Interior finishes include carpet, laminate, and vinyl flooring.
The property is located near West Virginia University’s downtown campus in Morgantown. Zoning is Multiple Family Residence. Heating features include natural gas, baseboard, electric, central, and forced-air systems.
The property is located near West Virginia University’s downtown campus in Morgantown. Zoning is Multiple Family Residence. Heating features include natural gas, baseboard, electric, central, and forced-air systems.
Key Highlights
- Two two‑bedroom units within a 1,916‑square‑foot duplex
- Built in 1921 with frame and block construction
- Multiple Family Residence zoning
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
$11,864
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
8.47%
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%
$237,280
$237.3K
Cap Rate 7%
$169,486
$169.5K
Cap Rate 9%
$131,822
$131.8K
Market Conditions
NOI Build-Up for 1,916 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
$17.2K $9.00/SF
− Vacancy
−$295 −$0.15/SF
EGI
$16.9K $8.85/SF
− OpEx
−$5.1K −$2.65/SF
NOI
$11.9K $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%
$237,280
Cap Rate 7%
$169,486
Cap Rate 9%
$131,822
Alternative Uses
Best Use
Multifamily LT 5
$169.5K
$148.3K – $197.7K
NOI $11,864 @ 7.0% cap · market cap 8.47%
Second Best
Apartment 5plus
$156.1K
$136.6K – $182.1K
NOI $10,928 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$552.4K
$483.3K – $644.4K
NOI $38,665 @ 7.0% cap · market cap 27.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,259
Businesses Nearby
Explore this area
Business Placement
Demographics for 26505, WV
39,057
Population
19,220
Households
2
Avg Household Size
27
Median Age
55%
College-Educated
93%
High-School Grad
12.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$42,275
Median Household Income
$24,042
Median Earnings
$942
Median Rent
$265,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Residential duplex near WVU’s downtown campus with two two-bedroom units and outdoor porch and patio areas.
Where is this duplex located?
The property is located at 112 Cornell Avenue Morgantown, WV.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Two two‑bedroom units within a 1,916‑square‑foot duplex; Built in 1921 with frame and block construction; Multiple Family Residence zoning
