Two-Story
New
For Sale
$249,000
241/243 Cherry Street, Morgantown, WV 26505
Multi-Unit/Income, Two Story, Morgantown, WV
Property Size1,736 SF
Lot Size0.10 Acres
Price / SF$143.43
Days on Market4
Property Features for 241/243 Cherry Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Single Family, Duplex, &
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2, Bathroom 1, Basement, Bedroom 1
Patio and Porch features
Deck
Interior features
Washer Connection, Electric Dryer Connection
Exterior features
Deck
Appliances
Range, Microwave, Refrigerator
View
City
Elementary school
Mountainview Elementary
Middle school
South Middle
High school
Morgantown High
Elementary school district
Monongalia
Middle school district
Monongalia
High school district
Monongalia
Directions
DIRECTIONS TO 241/243 CHERRY STREET ? MORGANTOWN, WV From Route 7, turn onto Brockway Avenue and continue to Overdale Street. Follow Overdale Street, then turn right onto Arch Street. Take the next right onto Cherry Street.
Subdivision
Monongalia/Morgantown
Standard status
Active
Size
1,736 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LOT 6B 243 Cherry St
Tax Annual Amount
2053
Legal Description
LOT 6B 243 Cherry St
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Window Unit(s), Ceiling Fan(s)
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Wood
Building materials
Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES TOUCHDOWN HOME PROS REALTY
(304) 322-4101
Listed By:
BRIAN COVELL
(301) 501-0698
Added: Oct 26
Last Checked: Oct 29 at 11:06AM
MLS# 10167566
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.
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Investment Insights
Based on property information with market context.
This two-story duplex contains two residential units with a combined 4 bedrooms and 2 bathrooms across approximately 1,736 square feet. Built in 1920, the frame property occupies a 0.1-acre parcel and includes a deck. Interior features include washer and electric dryer connections, while the listed appliances are a range, microwave, and refrigerator. Wood and vinyl flooring, natural gas forced-air heat, and window-unit cooling are also noted.
The property is in Morgantown, with the listing describing access to downtown, West Virginia University, shopping, dining, and major commuter routes.
The property is in Morgantown, with the listing describing access to downtown, West Virginia University, shopping, dining, and major commuter routes.
Key Highlights
- Two units with a combined 4 bedrooms and 2 bathrooms
- Approximately 1,736 square feet on a 0.1‑acre parcel
- Built in 1920; frame construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,750
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$215,000
$215.0K
Cap Rate 7%
$153,571
$153.6K
Cap Rate 9%
$119,444
$119.4K
Market Conditions
NOI Build-Up for 1,736 SF
Gross rent
$15.6K $9.00/SF
− Vacancy
−$267 −$0.15/SF
EGI
$15.4K $8.85/SF
− OpEx
−$4.6K −$2.65/SF
NOI
$10.7K $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 Rate 5%
$215,000
Cap Rate 7%
$153,571
Cap Rate 9%
$119,444
Alternative Uses
Best Use
Multifamily LT 5
$153.6K
$134.4K – $179.2K
NOI $10,750 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$141.4K
$123.8K – $165.0K
NOI $9,901 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$500.5K
$437.9K – $583.9K
NOI $35,033 @ 7.0% cap · market cap 14.07%
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
2,149
Businesses Nearby
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Business Placement
Demographics for 26505, WV
39,057
Population
19,220
Households
2
Avg Household Size
27
Median Age
55%
College-Educated
93%
High-School Grad
12.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$42,275
Median Household Income
$24,042
Median Earnings
$942
Median Rent
$265,100
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 - Two residential units offer separate living spaces within one property.
Where is this duplex located?
The property is located at 241/243 Cherry Street Morgantown, WV.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Two units with a combined 4 bedrooms and 2 bathrooms; Approximately 1,736 square feet on a 0.1‑acre parcel; Built in 1920; frame construction
