Morgantown Multifamily Investment
For Sale
Under Contract
$165,000
150 Wellen Avenue, Morgantown, WV 26505
MULTI_FAMILY - Morgantown, WV
Property Size9,514 SF
Price / SF$17.34
Days on Market70
Property Features for 150 Wellen Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Single Family Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Basement, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 3
Parking features
Off Street
Patio and Porch features
Deck, Porch
Interior features
Electric Stove Connection, Washer Connection, Electric Dryer Connection
Exterior features
Porch, Deck
Appliances
Range, Refrigerator, Washer, Dryer
Subdivision
Wiles Hill
Lot features
Wooded, Sloping
View
City
Elementary school
Suncrest Elementary
Middle school
Suncrest Middle
High school
Morgantown High
Elementary school district
Monongalia
Middle school district
Monongalia
High school district
Monongalia
Directions
From WVU downtown campus - Head north on University Ave (US-119). Turn right onto Campus Drive. Continue onto Stewart St. Turn right onto Wellen Ave. 150 Wellen Ave will be the first house on your right.
Standard status
Active Under Contract
Size
9,514 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
BL Y PT LOTS 8,9,10 150 WELLEN AVE
Tax Annual Amount
1904
Legal Description
BL Y PT LOTS 8,9,10 150 WELLEN AVE
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Ceiling Fan(s), Window Unit(s)
Building Details
Year built
1910
Floors in Building
3
Number of units
2
Flooring type
Laminate, Carpet - Full, Vinyl
Building materials
Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
BEL-CROSS PROPERTIES, LLC
(304) 296-7930
Listed By:
JASMIN PATRICK
(304) 276-4370
Added: May 22
Changed: May 28
Last Checked: Jul 30 at 9:06PM
MLS# 10164903
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.
This multifamily property in Morgantown, WV, presents an investment opportunity with two units fully leased through 2027. The property includes a gravel parking lot with space for two or more cars. Both units are equipped with electric baseboard heat, window AC units, ceiling fans, a refrigerator, a range, and a washer and dryer. Tenants are responsible for all utility payments. The property is located near the WVU downtown campus, with a short drive to hospitals and the medical center, and a short distance to the football stadium. It is also situated on a public transit route. Unit A is leased at a monthly rate of $800, with the lease valid through July 22, 2027. Unit B is currently leased at $650 per month until July 24, 2026, with a new tenant moving in on August 5, 2026, at a monthly rate of $700. The property has an updated LOC (Letter of Compliance) valid through January 11, 2029, through the city of Morgantown. The property is zoned for Single Family Residential use and has a property size of 9514 Square Feet.
Key Highlights
- Fully leased through 2027, providing immediate rental income.
- Located near WVU downtown campus, offering convenient access for students and faculty.
- Updated LOC (License of Occupancy) valid through 1/11/2029.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
Explore this area
Business Placement
Demographics for 26505, WV
39,057
Population
19,220
Households
2
Avg Household Size
27
Median Age
55%
College-Educated
93%
High-School Grad
12.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$42,275
Median Household Income
$24,042
Median Earnings
$942
Median Rent
$265,100
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-unit property fully leased through 2027 near WVU campus.
Where is this duplex located?
The property is located at 150 Wellen Avenue Morgantown, WV.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Fully leased through 2027, providing immediate rental income.; Located near WVU downtown campus, offering convenient access for students and faculty.; Updated LOC (License of Occupancy) valid through 1/11/2029.
