6-Unit Apartment
For Sale
$310,000
140 Locust Avenue, Fairmont, WV 26554
Fully occupied apartments with transferable leases and recent updates to select interiors, roofing, and water-heating systems.
Property Size4,200 SF
Days on Market436
Property Features for 140 Locust Avenue
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Multi Family Home
Zoning
Main Corridor Commercial
Occupancy
100%
Additional Details
Multifamily Units
6
Building Details
Building Size
4,200 SF
Year Built
1924
Buildings
1
Stories
3
Units
6
Listing Agency:
Old Colony Company Of Morgantown
(304) 629-6281
Listed By:
Sarah Deweese
(304) 629-6281
Source:
Oliveriorealty
Added: Jun 3, 2025
Changed: Aug 10
Last Checked: Aug 11 at 2:16PM
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 Old Colony Company Of Morgantown
Investment Insights
Based on property information with market context.
This 6-unit apartment building was constructed in 1924 and is currently fully occupied, with existing leases transferring at closing. The property is being offered in as-is condition. Recent improvements include a rolled roof installed less than two years ago, updated flooring and showers in two units, and two newly installed water heaters.
The building is located at 140 Locust Avenue in Fairmont, West Virginia, just over one mile from Fairmont State University. Zoning is Main Corridor Commercial. Showings require 24 hours’ notice.
The building is located at 140 Locust Avenue in Fairmont, West Virginia, just over one mile from Fairmont State University. Zoning is Main Corridor Commercial. Showings require 24 hours’ notice.
Key Highlights
- 6‑unit apartment building with all units currently occupied
- Existing leases transfer with the sale
- Rolled roof is less than two years old
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
719
Businesses Nearby
Explore this area
Business Placement
Demographics for 26554, WV
42,133
Population
19,688
Households
2.1
Avg Household Size
40
Median Age
30%
College-Educated
94%
High-School Grad
131.9 sq mi
ZIP Area
319
Density / Sq Mi
$69,271
Median Household Income
$40,688
Median Earnings
$931
Median Rent
$181,800
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?
Apartment building - Fully occupied apartments with transferable leases and recent updates to select interiors, roofing, and water-heating systems.
Where is this apartment building located?
The property is located at 140 Locust Avenue Fairmont, WV.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 6‑unit apartment building with all units currently occupied; Existing leases transfer with the sale; Rolled roof is less than two years old
