Two-Dwelling Duplex
New
For Sale
$169,900
1314 & 1314-1/2 Chestnut Street, South Charleston, WV 25309
ResidentialIncome, South Charleston, WV
Property Size1,951 SF
Lot Size0.24 Acres
Price / SF$87.08
Days on Market2
Property Features for 1314 & 1314-1/2 Chestnut Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 5
Elementary school
Bridgeview
Middle school
S. Charleston
High school
S. Charleston
Directions
MacCorckle Ave to Chestnut St. Travel apprx 2 miles. Property on the left.
Subdivision
South Charleston
Standard status
Active
APN
16-0017-0046-0002-0000
Size
1,951 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
RR LT 63X109 TRACE FK DAVIS CK
Tax Annual Amount
1095
Legal Description
RR LT 63X109 TRACE FK DAVIS CK
Utilities
Sewer type
Septic Tank
Heating system
Electric (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl
Building materials
VinylSiding
Roof type
Metal
Architectural style
Other
Listing Agency:
Old Colony
(304) 344-2581
Listed By:
Holly Hall · License #220302337
(304) 444-5147
Added: Sep 7
Last Checked: Sep 8 at 1:06PM
MLS# 285302
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 includes two separate residences totaling 1,951 square feet. One is a 2015 manufactured home with three bedrooms and two bathrooms; the second provides two bedrooms and one bathroom. The homes feature vinyl siding, metal roofing, carpet and vinyl flooring, central air, electric heating, forced-air heat, public water, and a septic tank system.
The 0.24-acre parcel is enclosed by fencing and includes an outbuilding along with gravel parking. Located outside the city limits near South Charleston amenities, the property has recently been used for short-term rentals. Its two-home configuration supports a range of residential income or owner-occupant arrangements without combining the dwellings into a single residence.
The 0.24-acre parcel is enclosed by fencing and includes an outbuilding along with gravel parking. Located outside the city limits near South Charleston amenities, the property has recently been used for short-term rentals. Its two-home configuration supports a range of residential income or owner-occupant arrangements without combining the dwellings into a single residence.
Key Highlights
- Two dwellings on one 0.24‑acre parcel
- 2015 manufactured home with 3BR/2BA layout
- Second residence includes 2BR/1BA
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
$13,345
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
7.85%
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%
$266,900
$266.9K
Cap Rate 7%
$190,643
$190.6K
Cap Rate 9%
$148,278
$148.3K
Market Conditions
NOI Build-Up for 1,951 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
$19.9K $10.20/SF
− Vacancy
−$836 −$0.43/SF
EGI
$19.1K $9.77/SF
− OpEx
−$5.7K −$2.93/SF
NOI
$13.3K $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%
$266,900
Cap Rate 7%
$190,643
Cap Rate 9%
$148,278
Alternative Uses
Best Use
Multifamily LT 5
$190.6K
$166.8K – $222.4K
NOI $13,345 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$179.7K
$157.3K – $209.7K
NOI $12,580 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$430.2K
$376.5K – $502.0K
NOI $30,117 @ 7.0% cap · market cap 17.73%
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
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 25309, WV
13,146
Population
5,867
Households
2.2
Avg Household Size
44
Median Age
26%
College-Educated
92%
High-School Grad
31.1 sq mi
ZIP Area
423
Density / Sq Mi
$52,920
Median Household Income
$40,732
Median Earnings
$767
Median Rent
$142,700
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 - Two separate homes share a fenced parcel with an outbuilding and gravel parking outside city limits.
Where is this duplex located?
The property is located at 1314 & 1314-1/2 Chestnut Street South Charleston, WV.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Two dwellings on one 0.24‑acre parcel; 2015 manufactured home with 3BR/2BA layout; Second residence includes 2BR/1BA
