Ranch Duplex with Garage
1525 Thorofare Road Clendenin, WV 25045
1525 Thorofare Road, Clendenin, WV, 25045
$150,000
For Sale
$150,000
Rancher with an updated one-bedroom apartment over a detached garage, plus new gutters and updated windows.
Property Size1,066 SF
Price / SF$140.71
Days on Market78
Property Features for 1525 Thorofare Road
General Information
- Standard status
- Active
- Size
- 1,066 SF
- Property subtype
- Ranch
Building Details
- Year Built
- 1959
Listing agency
Better Homes and Gardens Real Estate Central
(304) 201-7653
Listed by
Scott Morris · License #200301034
Source
Xome
Added: May 5 Updated: Jul 21 at 8:12AM Checked: Jul 21 at 8:12AM
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 Better Homes and Gardens Real Estate Central
Investment Insights
Based on property information with market context.
This ranch-style duplex features a one-bedroom apartment located over the detached garage. The property includes updated windows throughout the home and new gutters for the house and garage.
The home is described as being very close to Elk River Trails. The detached garage provides the structure for the upper apartment configuration.
With a residence plus an attached-over-detached-garage apartment setup, the property may support an income-producing layout while keeping a single-family ranch feel at the main level.
The home is described as being very close to Elk River Trails. The detached garage provides the structure for the upper apartment configuration.
With a residence plus an attached-over-detached-garage apartment setup, the property may support an income-producing layout while keeping a single-family ranch feel at the main level.
Key Highlights
- Rancher with a one‑bedroom apartment over a detached garage for possible income
- Updated windows throughout the main home
- Central air and gas heating; partial heating
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 | $10.9k | $10.20 |
| − Vacancy | −$457 | −$0.43 |
| EGI | $10.4k | $9.77 |
| − OpEx | −$3.1k | −$2.93 |
| NOI | $7.3k | $6.84 |
1,066 SF · lease $10.20/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$104.2K
$91.2K – $121.5K
NOI $7,292 @ 7.0% cap · market cap 4.86%
Second Best
Apartment 5plus
$98.2K
$85.9K – $114.6K
NOI $6,874 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$235.1K
$205.7K – $274.3K
NOI $16,456 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Rancher with an updated one-bedroom apartment over a detached garage, plus new gutters and updated windows.
Where is this duplex located?
The property is located at 1525 Thorofare Road Clendenin, WV.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Rancher with a one‑bedroom apartment over a detached garage for possible income; Updated windows throughout the main home; Central air and gas heating; partial heating
