For Sale
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115 E Martin St, Martinsburg, WV 25401
Multifamily properties
Property Size5,400 SF
Price / SF$147.96
Days on Market225
Property Features for 115 E Martin St
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$57,137
Building Details
Year Built
1920
Units
6
Listing Agency:
Invest Proxima Real Estate
Listed By:
Diego Losada · License #WVWV
Source:
Crexi
Added: Feb 23
Changed: Sep 7
Last Checked: Oct 5 at 7:18PM
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 Invest Proxima Real Estate
Investment Insights
Based on property information with market context.
Key Highlights
- Stabilized cash flow provides immediate return on investment.
- Located in the Queen and Martin Street redevelopment corridor.
- Benefits from ongoing public and private investment.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,559
Cap Rate
2.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,180
$471.2K
Cap Rate 7%
$336,557
$336.6K
Cap Rate 9%
$261,767
$261.8K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$44.7K $8.28/SF
− Vacancy
−$1.9K −$0.35/SF
EGI
$42.8K $7.93/SF
− OpEx
−$19.3K −$3.57/SF
NOI
$23.6K $4.36/SF
Area
Berkeley County, WV
Vacancy
4.20%
Lease Rate
$8.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,180
Cap Rate 7%
$336,557
Cap Rate 9%
$261,767
Alternative Uses
Best Use
Apartment 5plus
$336.6K
$294.5K – $392.7K
NOI $23,559 @ 7.0% cap · market cap 2.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$977.6K
$855.4K – $1.14M
NOI $68,429 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,032
Businesses Nearby
Explore this area
Business Placement
Demographics for 25401, WV
15,086
Population
6,841
Households
2.2
Avg Household Size
38
Median Age
23%
College-Educated
86%
High-School Grad
5.8 sq mi
ZIP Area
2,601
Density / Sq Mi
$49,157
Median Household Income
$33,147
Median Earnings
$1,014
Median Rent
$221,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
Where is this multifamily property located?
The property is located at 115 E Martin St Martinsburg, WV.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Stabilized cash flow provides immediate return on investment.; Located in the Queen and Martin Street redevelopment corridor.; Benefits from ongoing public and private investment.
