6-Unit Apartment
New
For Sale
$435,000
257 Kingwood Street, Morgantown, WV 26505
Multi-Unit/Income, Morgantown, WV
Property Size5,135 SF
Lot Size0.18 Acres
Price / SF$84.71
Days on Market1
Property Features for 257 Kingwood Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Apartment Residential
Bedrooms
10
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bedroom 9, Bathroom 3, Bedroom 7, Bathroom 2, Bathroom 5, Bedroom 6, Bedroom 1, Bedroom 10, Bedroom 4, Bathroom 6, Bathroom 1, Basement, Bedroom 8, Bedroom 5, Bedroom 3, Bedroom 2
Patio and Porch features
Patio, Deck
Interior features
Electric Stove Connection, Electric Dryer Connection
Exterior features
Patio, Deck, Outside Lighting
Appliances
Range, Dishwasher, Refrigerator
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
From downtown, cross the Pleasant street bridge to South Park. Turn left onto Cobun and Right onto Kingwood.
Subdivision
Monongalia/Morgantown
Standard status
Active
Size
5,135 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
LOTS 29 & 30 OR 0.1812 AC
Tax Annual Amount
3553
Legal Description
LOTS 29 & 30 OR 0.1812 AC
Utilities
Heating system
Electric (Heating), Central, Other (Heating), Natural Gas
Cooling system
Central Air, Ceiling Fan(s), Wall Unit(s), Window Unit(s), Electric
Amenities
off-street parking
Building Details
Year built
1921
Floors in Building
2
Number of units
6
Flooring type
Carpet - Full, Laminate, Vinyl
Building materials
Block, Stone
Roof type
Shingle
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES TOUCHDOWN HOME PROS REALTY
(304) 322-4101
Listed By:
SARAH WADE · License #WV0030376
(304) 376-4297
Added: Oct 6
Last Checked: Oct 6 at 6:06PM
MLS# 10167260
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.
Built in 1921, this 5,135-square-foot apartment property contains six units: two one-bedroom apartments in the original house and four two-bedroom apartments in an addition. The 0.18-acre parcel also includes off-street parking, a deck, and a patio. Apartment Residential zoning is identified for the property.
The building occupies the corner of Kingwood and Arch Streets in Morgantown, near downtown and WVU’s downtown campus. Long-term tenancies are in place. Interior features include electric dryer and stove connections; listed appliances include a dishwasher, range, and refrigerator.
The building occupies the corner of Kingwood and Arch Streets in Morgantown, near downtown and WVU’s downtown campus. Long-term tenancies are in place. Interior features include electric dryer and stove connections; listed appliances include a dishwasher, range, and refrigerator.
Key Highlights
- Six apartments: two 1‑bedroom units and four 2‑bedroom units
- 5,135 square feet on a 0.18‑acre parcel
- Off‑street parking, deck, and patio
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.
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,262
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - A mix of one- and two-bedroom apartments includes off-street parking and outdoor spaces.
Where is this apartment building located?
The property is located at 257 Kingwood Street 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 1‑bedroom units and four 2‑bedroom units; 5,135 square feet on a 0.18‑acre parcel; Off‑street parking, deck, and patio
