Four-Unit Multifamily With
For Sale
$210,000
208 Dunkard Avenue, Westover, WV 26501
MULTI_FAMILY - Westover, WV
Property Size2,793 SF
Lot Size0.11 Acres
Price / SF$75.19
Days on Market43
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, Bedroom 6, Bathroom 1, Bathroom 3, Basement, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 4, Bedroom 5, Bedroom 7, Bathroom 2, Bedroom 8
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), Natural Gas, Forced Air
Cooling system
Window Unit(s), Electric
Building Details
Year built
1924
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Wood, Carpet - Full
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: Aug 9
Last Checked: Aug 9 at 10:06PM
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.
Four-unit multifamily property at 208 Dunkard Avenue, Westover, WV 26501, built in 1924. The building is framed construction with a shingle roof and includes a porch and off-street parking. Interior finishes include wood, vinyl, and carpet throughout, and the home features an electric stove connection.
Heating is provided by forced air systems using both electric and natural gas, and cooling is via electric window unit(s). The property includes a range and refrigerator.
Zoned for single family residential, this compact investment asset sits on a 0.11-acre lot with a total property size of 2,793 square feet. It’s presented as a four-rental-unit multifamily offering with a steady occupancy history described in the remarks.
Heating is provided by forced air systems using both electric and natural gas, and cooling is via electric window unit(s). The property includes a range and refrigerator.
Zoned for single family residential, this compact investment asset sits on a 0.11-acre lot with a total property size of 2,793 square feet. It’s presented as a four-rental-unit multifamily offering with a steady occupancy history described in the remarks.
Key Highlights
- Four rental units in a framed 1924‑built multifamily property
- 0.11‑acre lot with 2,793 square feet total building area
- Porch and off‑street parking
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
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
424
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit multifamily property zoned single family residential with electric and natural gas forced-air heating and off-street parking.
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 in a framed 1924‑built multifamily property; 0.11‑acre lot with 2,793 square feet total building area; Porch and off‑street parking
