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6-Unit Apartment Building
For Sale
$310,000

140 Locust Avenue, Fairmont, WV 26554

Multi-Unit/Income, Traditional, Fairmont, WV

Property Size4,200 SF
Lot Size0.15 Acres
Price / SF$73.81
Days on Market109

Property Features for 140 Locust Avenue

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Main Corridor Commercial
Bedrooms 7
Bathrooms 6
Full bathrooms 6
Rooms Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4, Basement, Bathroom 6, Bathroom 5, Bedroom 7
Parking features Off Street
Patio and Porch features Porch
Interior features Electric Stove Connection, 9ft+ Ceiling
Exterior features Porch
Appliances Range, Refrigerator
Lot features Sloping
Elementary school Watson Elementary
Middle school West Fairmont Middle
High school Fairmont Sr. High
Elementary school district Marion
Middle school district Marion
High school district Marion
Directions Exit 136 to Downtown Fairmont, approximately half a mile off Gateway Connector, property on left.
Subdivision Marion/Fairmont
Standard status Active
Size 4,200 SF
Lot size 0.15 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description LOT 3 LOCUST AVENUE GETTING ADD (APTS),BLK A LT 7 J F WATSON ADD
Tax Annual Amount 1392
Legal Description LOT 3 LOCUST AVENUE GETTING ADD (APTS),BLK A LT 7 J F WATSON ADD

Utilities

Heating system Natural Gas, Baseboard, Forced Air
Cooling system Ceiling Fan(s)

Building Details

Year built 1924
Floors in Building 3
Number of units 6
Flooring type Vinyl, Wood
Building materials Frame, Block
Architectural style Other
Listing Agency: OLD COLONY COMPANY OF MORGANTOWN
Listed By: SARAH DEWEESE
Added: May 29 Changed: Sep 12 Last Checked: Sep 14 at 3:06AM
MLS# 10159815

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.

The property contains six apartment units within a 4200-square-foot building on a 0.152-acre parcel. Current occupants remain in place, and leases transfer with the sale. Interior improvements include recently updated flooring and showers in two units, while two water heaters have also been replaced. The 1924 structure includes porches, wood and vinyl flooring, baseboard and forced-air heating, natural gas, ceiling fans, ranges, refrigerators, and off-street parking. Zoning is Main Corridor Commercial.

Located at 140 Locust Avenue in Fairmont, the building is just over one mile from Fairmont State University. The property is offered as-is, and showings require 24 hours' notice.

Key Highlights

  • 6 apartment units in a 4200‑square‑foot building
  • All units occupied; leases transfer with the sale
  • Rolled roof is less than two years old

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Electrical Service HVAC Service Bakery Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

796
Businesses Nearby

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
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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Occupied residential income property with transferring leases, recent roof work, and off-street parking.
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 apartment units in a 4200‑square‑foot building; All units occupied; leases transfer with the sale; Rolled roof is less than two years old
More about this property
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