Contemporary Four-Unit
For Sale
$210,000
208 Dunkard Avenue, Westover, WV 26501
Multi-Unit/Income, Contemporary, Westover, WV
Property Size2,793 SF
Lot Size0.11 Acres
Price / SF$75.19
Days on Market79
Property Features for 208 Dunkard Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Single Family Residential
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bedroom 6, Bathroom 3, Bedroom 8, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5, Bedroom 7, Bathroom 4, Bathroom 1, Basement
Parking features
Off Street
Patio and Porch features
Porch
Interior features
Electric Stove Connection
Exterior features
Porch
Appliances
Range, Refrigerator
Lot features
Level
Elementary school
Skyview Elementary
Middle school
Westwood Middle
High school
University High
Elementary school district
Monongalia
Middle school district
Monongalia
High school district
Monongalia
Directions
Rt. 19 toward Westover, right onto Dunkard Ave., continue to property on right.
Subdivision
Monongalia/Morgantown
Standard status
Active
Size
2,793 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BL C, LOT 2 208 DUNKARD AVE
Tax Annual Amount
2012
Legal Description
BL C, LOT 2 208 DUNKARD AVE
Utilities
Heating system
Electric (Heating), Forced Air, Natural Gas
Cooling system
Window Unit(s), Electric
Building Details
Year built
1924
Floors in Building
2
Number of units
4
Flooring type
Wood, Carpet - Full, Vinyl
Building materials
Frame
Roof type
Shingle
Architectural style
Contemporary
Listing Agency:
DREAM HOME PROPERTIES, LLC
(304) 366-1899
Listed By:
MELISSA CLELLAND
(304) 365-3018
Added: Jun 28
Changed: Sep 12
Last Checked: Sep 14 at 4:06AM
MLS# 10165313
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.
Built in 1924, this contemporary frame quadplex contains four rental units within 2,793 square feet. The property includes a basement, four bathrooms, eight bedrooms, electric stove connections, ranges, and refrigerators. Interior finishes combine carpet, vinyl, and wood flooring, while heating is provided by electric and natural gas forced-air systems with window-unit cooling. A shingle roof, porch, and off-street parking complete the physical improvements.
The property is located at 208 Dunkard Avenue in Westover, Monongalia County, West Virginia. Its zoning designation is Single Family Residential. The recorded property includes 0.11 acres and offers a multi-unit configuration with separate residential accommodations.
The property is located at 208 Dunkard Avenue in Westover, Monongalia County, West Virginia. Its zoning designation is Single Family Residential. The recorded property includes 0.11 acres and offers a multi-unit configuration with separate residential accommodations.
Key Highlights
- Four rental units within 2,793 square feet
- Built in 1924 on 0.11 acres
- Eight bedrooms and four bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,295
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$345,900
$345.9K
Cap Rate 7%
$247,071
$247.1K
Cap Rate 9%
$192,167
$192.2K
Market Conditions
NOI Build-Up for 2,793 SF
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.
Gross rent
$25.1K $9.00/SF
− Vacancy
−$430 −$0.15/SF
EGI
$24.7K $8.85/SF
− OpEx
−$7.4K −$2.65/SF
NOI
$17.3K $6.19/SF
Area
Monongalia County, WV
Vacancy
1.71%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$345,900
Cap Rate 7%
$247,071
Cap Rate 9%
$192,167
Alternative Uses
Best Use
Multifamily LT 5
$247.1K
$216.2K – $288.3K
NOI $17,295 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$227.6K
$199.1K – $265.5K
NOI $15,930 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$805.2K
$704.5K – $939.4K
NOI $56,363 @ 7.0% cap · market cap 26.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
462
Businesses Nearby
Explore this area
Business Placement
Demographics for 26501, WV
19,200
Population
9,541
Households
2
Avg Household Size
38
Median Age
45%
College-Educated
94%
High-School Grad
58.5 sq mi
ZIP Area
328
Density / Sq Mi
$62,173
Median Household Income
$34,949
Median Earnings
$914
Median Rent
$213,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Frame construction with four rental units, off-street parking, porch access, and Single Family Residential zoning.
Where is this quadplex located?
The property is located at 208 Dunkard Avenue Westover, WV.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Four rental units within 2,793 square feet; Built in 1924 on 0.11 acres; Eight bedrooms and four bathrooms
