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    Remodeled Multi-Family Property Title is generated by Realmo AI

    128/136 Jefferson Street, Bancroft, WV 25011

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    New
    For Sale
    $325,000

    MULTI_FAMILY - Other - Bancroft, WV

    Type:Apartment
    Property size:
    3,700 SF
    Lot size:
    0.07 Acres
    Price / SF:
    $87/SF
    Added:
    Jun 5, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 7 at 2:06 pm

    Property Features for 128/136 Jefferson Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Bedrooms
    9
    Rooms
    Bedroom 5, Bedroom 7, Bedroom 9, Bedroom 4, Bathroom 4, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 6, Bedroom 2, Bedroom 1, Bedroom 8
    Parking features
    Garage
    Standard status
    Active
    APN
    01-0002-0047-0000-0000
    Size
    3,700 SF
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Description
    Lot 59 & 60 Bancroft
    Tax Annual Amount
    2389

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Wall Unit(s), Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Number of units
    4
    Flooring type
    Vinyl, Hardwood
    Building materials
    Block, Frame
    Roof type
    Shingle, Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Cody Carver

    Listing agent Cody Carver License #190300663

    Listing office Better Homes and Gardens Real Estate Central 928 Cross Lanes Dr., Cross Lanes, WV

    Listing date Jun 5, 2026

    MLS# 283832 Listing URL

    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.

    HighLights

    • Remodeled single‑family home plus three apartment units, with garage space and additional storage units
    • Extensive renovations completed approximately 2 years ago, including roof, HVAC systems, hot water tanks, and interior updates
    • Current gross income of approximately $3,665/month
    • Heating: natural gas forced air; cooling includes wall units and central air
    • Public utilities: public water and public sewer
    • Roofing: shingle/composition; flooring includes vinyl and hardwood

    Overview

    This income-producing multi-family property includes a remodeled single-family home configuration with three apartment units, along with garage space and additional storage units. Renovations were completed approximately two years ago, with updates reported to include the roofs, HVAC systems, hot water tanks, and interior areas, supporting a turn-key profile for new ownership.

    The property is located at 128/136 Jefferson Street in Bancroft, West Virginia, within Putnam County. The offering is presented as a for-sale residential income asset that combines multiple rental units and shared improvements within a compact lot size.

    For investors or buyers looking for supplemental rental income, the current setup provides multiple units under one ownership structure and is currently producing approximately $3,665 per month in gross income, according to the listing remarks. The recent building and mechanical updates are positioned as a way to limit immediate capital expenditure needs while you manage the property and pursue continued rental operations.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    Bancroft
    County
    Putnam
    State
    West Virginia
    Longitude
    -81.8405
    Latitude
    38.508696

    FAQs

    What type of property is this?
    Quadplex - Income-producing rental configuration with three apartment units, garage space, and recent interior and systems upgrades.
    Where is this quadplex located?
    The property is located at 128/136 Jefferson Street Bancroft, WV.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Remodeled single‑family home plus three apartment units, with garage space and additional storage units; Extensive renovations completed approximately 2 years ago, including roof, HVAC systems, hot water tanks, and interior updates; Current gross income of approximately $3,665/month
    (304) 533-6927
    We can help!
    Listing Contact
    Cody Carver
    Real Estate License ID: 190300663
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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