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14-Unit Apartment Portfolio

2608 Avery St, Parkersburg, WV 26104

For Sale
$1,199,000
Pending

Residents have off-street parking and laundry facilities within their units.

Property SizeContact for details
Days on Market145

Property Features for 2608 Avery St

General Information

Standard status Pending
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 12 x townhome, 1 x 1BR garage apartment, 1 x 1BR ranch home
Multifamily Units 14

Additional Details

Cap Rate 8.4%
Tenant in Place Yes

Amenities

in-unit laundry

Building Details

Year Built 1950
Listing Agency: Legacy Real Estate Professionals
Listed By: Patricia Burkhammer · License WV #2022001465
Source: Searchclevelandhouses
Added: Jun 23 Changed: Nov 10 Last Checked: Nov 10 at 2:27PM

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 Legacy Real Estate Professionals

Rey
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Investment Insights

Based on property information with market context.

This 14-unit apartment portfolio combines 12 townhomes with a detached one-bedroom garage apartment and a separate one-bedroom ranch house. The residences occupy connected parcels at 2608 Avery St. Each unit has off-street parking and in-unit laundry. The portfolio was built in 1950 and is fully occupied, with an 8.4 cap rate.

The garage apartment is a distinct component of the mix, alongside the ranch home and townhomes. Together, the buildings provide three residential configurations within a single portfolio.

Key Highlights

  • 14 units: 12 townhomes, one 1‑bedroom garage apartment, and one 1‑bedroom ranch home
  • Fully occupied; 8.4 cap rate
  • Connected parcels at 2608 Avery St, Parkersburg, WV 26104

Property Analytics

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Lease Details

14
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

784
Businesses Nearby

Demographics for 26104, WV

16,763
Population
8,351
Households
2
Avg Household Size
44
Median Age
25%
College-Educated
92%
High-School Grad
37.0 sq mi
ZIP Area
453
Density / Sq Mi
$51,695
Median Household Income
$40,262
Median Earnings
$720
Median Rent
$164,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Residents have off-street parking and laundry facilities within their units.
Where is this apartment building located?
The property is located at 2608 Avery St Parkersburg, WV.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 14 units: 12 townhomes, one 1‑bedroom garage apartment, and one 1‑bedroom ranch home; Fully occupied; 8.4 cap rate; Connected parcels at 2608 Avery St, Parkersburg, WV 26104
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