Victorian
For Sale
$220,000
22 W Main Street, Westover, WV 26501
Multi-Unit/Income, Victorian, Westover, WV
Property Size3,000 SF
Lot Size0.21 Acres
Price / SF$73.33
Days on Market120
Property Features for 22 W Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Neighborhood Residential
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 5, Bathroom 1, Basement, Bathroom 4, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 2, Bedroom 1
Parking features
Off Street
Patio and Porch features
Porch
Interior features
Gas Stove Connection, Electric Stove Connection, Washer Connection
Exterior features
Porch, Double Thermo Windows, Private Yard
Fencing
Privacy
Appliances
Range, Refrigerator, Washer, Dryer
Lot features
Corner, Sloping
Elementary school
Skyview Elementary
Middle school
Westwood Middle
High school
Morgantown High
Elementary school district
Monongalia
Middle school district
Monongalia
High school district
Monongalia
Directions
Cross Westover bridge. Turn 3rd. left onto W. Main St., House will be directly in front of you shortly.
Subdivision
Monongalia/Morgantown
Standard status
Active
Size
3,000 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Lot 39, PT 40 22 West Main
Tax Annual Amount
1471
Legal Description
Lot 39, PT 40 22 West Main
Utilities
Heating system
Natural Gas, Other (Heating)
Building Details
Year built
1910
Floors in Building
3
Number of units
3
Flooring type
Tile, Carpet - Full, Vinyl, Wood
Building materials
Frame, Wood
Roof type
Shingle
Architectural style
Victorian
Listing Agency:
CENTURY 21 AT YOUR SERVICE · Century 21 Real Estate
(304) 296-2121
Listed By:
BONNIE ARMSTRONG
(304) 657-0988
Added: May 28
Changed: Sep 24
Last Checked: Sep 24 at 1:06PM
MLS# 10163631
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.
This 3,000-square-foot triplex dates to 1910 and features Victorian architecture with frame-and-wood construction. The property includes three vacant units, a basement, porches, privacy fencing, double-pane thermal windows, and a private yard. Interior finishes include vinyl, carpet, wood, and tile flooring. Kitchens and utility areas offer gas and electric stove connections, washer connections, and appliances including ranges, refrigerators, a washer, and a dryer. Natural gas serves as the identified heating source, with additional heating equipment noted.
The property occupies 0.2066 acres in Westover, West Virginia, and carries Neighborhood Residential zoning. Off-street parking is available, while the roof is shingle-covered. The owner is paying all utilities, and cleaning has been completed in each unit. Repairs to the ceiling in Unit 1 are in progress.
The property occupies 0.2066 acres in Westover, West Virginia, and carries Neighborhood Residential zoning. Off-street parking is available, while the roof is shingle-covered. The owner is paying all utilities, and cleaning has been completed in each unit. Repairs to the ceiling in Unit 1 are in progress.
Key Highlights
- Three vacant units in a 3,000‑square‑foot triplex
- Neighborhood Residential zoning on 0.2066 acres
- Built in 1910 with Victorian architectural style
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
$18,577
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
8.44%
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%
$371,540
$371.5K
Cap Rate 7%
$265,386
$265.4K
Cap Rate 9%
$206,411
$206.4K
Market Conditions
NOI Build-Up for 3,000 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
$27.0K $9.00/SF
− Vacancy
−$462 −$0.15/SF
EGI
$26.5K $8.85/SF
− OpEx
−$8.0K −$2.65/SF
NOI
$18.6K $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%
$371,540
Cap Rate 7%
$265,386
Cap Rate 9%
$206,411
Alternative Uses
Best Use
Multifamily LT 5
$265.4K
$232.2K – $309.6K
NOI $18,577 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$244.4K
$213.9K – $285.2K
NOI $17,110 @ 7.0% cap · market cap 7.78%
Theoretical Best
Office A
$864.9K
$756.8K – $1.01M
NOI $60,540 @ 7.0% cap · market cap 27.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,579
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three vacant units with owner-paid utilities, off-street parking, and a private yard.
Where is this triplex located?
The property is located at 22 W Main Street Westover, WV.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: Three vacant units in a 3,000‑square‑foot triplex; Neighborhood Residential zoning on 0.2066 acres; Built in 1910 with Victorian architectural style
