Victorian Triplex with Private
For Sale
$250,000
22 W Main Street, Westover, WV 26501
Multi-Unit/Income, Victorian, Westover, WV
Property Size3,000 SF
Lot Size0.21 Acres
Price / SF$83.33
Days on Market103
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 1, Bathroom 2, Basement, Bathroom 3, Bedroom 5, Bathroom 4, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 3
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
Carpet - Full, Tile, 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 19
Changed: Aug 19
Last Checked: Aug 29 at 5:06PM
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 Victorian triplex, built in 1910, includes three rental units on a 0.2066-acre lot. Two units are currently rented, while Unit #2 is scheduled to be cleaned out at closing. The property features a frame-and-wood structure, shingle roof, natural gas heating, and a mix of carpet, tile, vinyl, and wood flooring.
Interior amenities include range, refrigerator, washer, and dryer appliances, along with gas and electric stove connections and washer connections. Exterior features include a porch, double thermo windows, private yard, privacy fencing, and off-street parking. The property is located at 22 W Main Street in Westover, Monongalia County, West Virginia, and is zoned Neighborhood Residential.
Interior amenities include range, refrigerator, washer, and dryer appliances, along with gas and electric stove connections and washer connections. Exterior features include a porch, double thermo windows, private yard, privacy fencing, and off-street parking. The property is located at 22 W Main Street in Westover, Monongalia County, West Virginia, and is zoned Neighborhood Residential.
Key Highlights
- Three‑unit rental property with two units currently rented
- 3,000 square feet on a 0.2066‑acre lot
- Victorian architectural style; built in 1910
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
7.43%
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 7.43%
Second Best
Apartment 5plus
$244.4K
$213.9K – $285.2K
NOI $17,110 @ 7.0% cap · market cap 6.84%
Theoretical Best
Office A
$864.9K
$756.8K – $1.01M
NOI $60,540 @ 7.0% cap · market cap 24.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
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
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?
Triplex - Three-unit rental property with a porch, off-street parking, and owner-paid utilities.
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 $250,000.
What are key features of this property?
This property features: Three‑unit rental property with two units currently rented; 3,000 square feet on a 0.2066‑acre lot; Victorian architectural style; built in 1910
