6-Unit Apartment
257 Kingwood St, Morgantown, WV 26501
For Sale
$435,000
The apartments are divided between the original house and an addition, with one- and two-bedroom layouts.
Property Size5,135 SF
Price / SF$84.71
Days on Market33
Property Features for 257 Kingwood St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
off-street parking
Building Details
Tenancy
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES TOUCHDOWN HOME PROS REALTY
Listed By:
Sarah Wade · License #WV0030376
(304) 376-4297
Source:
Exprealty
Added: Oct 6
Changed: Nov 7
Last Checked: Nov 6 at 11:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BERKSHIRE HATHAWAY HOMESERVICES TOUCHDOWN HOME PROS REALTY
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Investment Insights
Based on property information with market context.
This 5,135-square-foot apartment property contains six units in two structures: the original house has two one-bedroom apartments, while an addition contains four two-bedroom apartments. Off-street parking is provided.
The property sits at the Kingwood and Arch Streets corner, near downtown Morgantown and WVU’s downtown campus. The units have long-term tenancies.
The property sits at the Kingwood and Arch Streets corner, near downtown Morgantown and WVU’s downtown campus. The units have long-term tenancies.
Key Highlights
- Six apartments: two one‑bedroom units and four two‑bedroom units
- 5,135 square feet across the original house and an addition
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,287
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,740
$585.7K
Cap Rate 7%
$418,386
$418.4K
Cap Rate 9%
$325,411
$325.4K
Market Conditions
NOI Build-Up for 5,135 SF
Gross rent
$54.2K $10.56/SF
− Vacancy
−$976 −$0.19/SF
EGI
$53.2K $10.37/SF
− OpEx
−$24.0K −$4.67/SF
NOI
$29.3K $5.70/SF
Area
Monongalia County, WV
Vacancy
1.80%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$585,740
Cap Rate 7%
$418,386
Cap Rate 9%
$325,411
Alternative Uses
Best Use
Apartment 5plus
$418.4K
$366.1K – $488.1K
NOI $29,287 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,625 @ 7.0% cap · market cap 23.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
6
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,344
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The apartments are divided between the original house and an addition, with one- and two-bedroom layouts.
Where is this apartment building located?
The property is located at 257 Kingwood St Morgantown, WV.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Six apartments: two one‑bedroom units and four two‑bedroom units; 5,135 square feet across the original house and an addition; Off‑street parking
