Two-Unit Duplex with
For Sale
Contact for pricing
Pending
1905 COVERT ST, Parkersburg, WV 26101
Fully occupied duplex with two one-bedroom units, updated roofing, and off-street tenant parking.
Property Size1,104 SF
Days on Market163
Property Features for 1905 COVERT ST
General Information
Standard status
Pending
Size
1,104 SF
Total Parking Spaces
2
Property subtype
Multifamily
Occupancy
100%
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1950
Buildings
1
Stories
2
Units
2
Listing Agency:
One Team Realty
Listed By:
Dr. Kimberly Smith · License #OH 2019007232
Source:
Crexi
Added: May 20
Changed: Oct 28
Last Checked: Oct 28 at 4:58AM
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
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Investment Insights
Based on property information with market context.
Built in 1950, this 1,104-square-foot duplex contains two one-bedroom, one-bath units. Both units are occupied, and the owner covers all utilities other than internet. One tenant has maintained a long-term occupancy history, providing documented tenure within the property’s current rental profile.
A metal roof and gutters were installed in 2021. The property also includes a two-car carport for off-street parking. Located at 1905 Covert St in Parkersburg, West Virginia, the duplex offers a compact residential income configuration with established occupancy and separately configured units.
A metal roof and gutters were installed in 2021. The property also includes a two-car carport for off-street parking. Located at 1905 Covert St in Parkersburg, West Virginia, the duplex offers a compact residential income configuration with established occupancy and separately configured units.
Key Highlights
- Two one‑bedroom, one‑bath units
- 100% occupancy
- 1,104 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,143
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$102,860
$102.9K
Cap Rate 7%
$73,471
$73.5K
Cap Rate 9%
$57,144
$57.1K
Market Conditions
NOI Build-Up for 1,104 SF
Gross rent
$7.8K $7.08/SF
− Vacancy
−$470 −$0.43/SF
EGI
$7.3K $6.65/SF
− OpEx
−$2.2K −$2.00/SF
NOI
$5.1K $4.66/SF
Area
Wood County, WV
Vacancy
6.01%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$102,860
Cap Rate 7%
$73,471
Cap Rate 9%
$57,144
Alternative Uses
Best Use
Multifamily LT 5
$73.5K
$64.3K – $85.7K
NOI $5,143 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$64.4K
$56.3K – $75.1K
NOI $4,505 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$304.3K
$266.3K – $355.1K
NOI $21,303 @ 7.0% cap · market cap 28.44%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
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Business Placement
Demographics for 26101, WV
28,337
Population
14,134
Households
2
Avg Household Size
41
Median Age
16%
College-Educated
84%
High-School Grad
30.8 sq mi
ZIP Area
920
Density / Sq Mi
$45,556
Median Household Income
$31,511
Median Earnings
$759
Median Rent
$107,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Fully occupied duplex with two one-bedroom units, updated roofing, and off-street tenant parking.
Where is this duplex located?
The property is located at 1905 COVERT ST Parkersburg, WV.
What is the asking price?
The asking price for this property is $74,900.
What are key features of this property?
This property features: Two one‑bedroom, one‑bath units; 100% occupancy; 1,104 square feet
