Turnkey 2-Bed
1506 Avery St Parkersburg, WV 26101
1506 Avery St, Parkersburg, WV, 26101
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For Sale
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Each unit offers two bedrooms and one full bathroom, supported by a carport and off-street parking.
Property Size2,004 SF
Price / SF$72.36
Days on Market111
Property Features for 1506 Avery St
General Information
- Standard status
- Active
- Size
- 2,004 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1895
Listing agency
One Team Realty
Listed by
Kimberly Smith · License #OH 2019007232
Source
Crexi
Added: Apr 2 Updated: Jul 21 at 2:41PM Checked: Jul 21 at 2:41PM
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 One Team Realty
Investment Insights
Based on property information with market context.
This turnkey duplex is set up for straightforward rental occupancy, with each unit featuring 2 bedrooms and 1 full bathroom. The property is described as clean, solid, and well cared for, offering a ready-to-continue-tenant setup.
Located in Parkersburg, the duplex provides ample parking with a carport, off-street driveway space, and additional on-street parking for tenants and guests. The property is noted for a strong rental history and consistent tenant demand, and it was previously rented for a combined $1,900 per month. The surrounding area includes everyday conveniences such as restaurants, healthcare, and shopping.
Located in Parkersburg, the duplex provides ample parking with a carport, off-street driveway space, and additional on-street parking for tenants and guests. The property is noted for a strong rental history and consistent tenant demand, and it was previously rented for a combined $1,900 per month. The surrounding area includes everyday conveniences such as restaurants, healthcare, and shopping.
Key Highlights
- Duplex built in 1895 with two 2‑bedroom, 1‑bath units
- Previously rented for a combined $1,900 per month
- Each unit features 2 bedrooms and 1 full bathroom
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.2k | $7.08 |
| − Vacancy | −$853 | −$0.43 |
| EGI | $13.3k | $6.65 |
| − OpEx | −$4.0k | −$2.00 |
| NOI | $9.3k | $4.66 |
2,004 SF · lease $7.08/SF/yr · vacancy 6.01% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$133.4K
$116.7K – $155.6K
NOI $9,335 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$116.8K
$102.2K – $136.3K
NOI $8,177 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$552.4K
$483.4K – $644.5K
NOI $38,669 @ 7.0% cap · market cap 26.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Each unit offers two bedrooms and one full bathroom, supported by a carport and off-street parking.
Where is this duplex located?
The property is located at 1506 Avery St Parkersburg, WV.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Duplex built in 1895 with two 2‑bedroom, 1‑bath units; Previously rented for a combined $1,900 per month; Each unit features 2 bedrooms and 1 full bathroom
