Renovated Two-Unit
New
For Sale
$148,900
2619 Broad St, Parkersburg, WV 26101
Both residences have established tenants, separate laundry hookups, and walkout basement space.
Property Size2,160 SF
Price / SF$68.94
Days on Market7
Property Features for 2619 Broad St
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Amenities
laundry hookups
fenced yard
small front deck
Building Details
Tenancy
Multi
Listing Agency:
Coldwell Banker Select Properties
(304) 422-6000
Listed By:
Sue Broadwater
(304) 482-0989
Source:
Exprealty
Added: Oct 18
Changed: Oct 23
Last Checked: Oct 23 at 10:17AM
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 Coldwell Banker Select Properties
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Investment Insights
Based on property information with market context.
This duplex contains two residences, each with a kitchen, dining room, living room, and half bath on the main level. Upstairs, each unit has two bedrooms, one and one-half baths, and closet space. Both units also include unfinished walkout basements with separate laundry hookups and access to a chain-link-fenced yard. The building totals 2,160 square feet.
Recent improvements include a roof, gutters, and downspouts installed approximately one year ago. Additional site features include small front decks and paved off-street parking. Both units are occupied by established tenants.
Recent improvements include a roof, gutters, and downspouts installed approximately one year ago. Additional site features include small front decks and paved off-street parking. Both units are occupied by established tenants.
Key Highlights
- Two‑unit duplex totaling 2,160 square feet
- Each unit has two bedrooms and one and one‑half baths upstairs
- Separate laundry hookups in unfinished walkout basements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,062
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,240
$201.2K
Cap Rate 7%
$143,743
$143.7K
Cap Rate 9%
$111,800
$111.8K
Market Conditions
NOI Build-Up for 2,160 SF
Gross rent
$15.3K $7.08/SF
− Vacancy
−$919 −$0.43/SF
EGI
$14.4K $6.65/SF
− OpEx
−$4.3K −$2.00/SF
NOI
$10.1K $4.66/SF
Area
Wood County, WV
Vacancy
6.01%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$201,240
Cap Rate 7%
$143,743
Cap Rate 9%
$111,800
Alternative Uses
Best Use
Multifamily LT 5
$143.7K
$125.8K – $167.7K
NOI $10,062 @ 7.0% cap · market cap 6.76%
Second Best
Apartment 5plus
$125.9K
$110.2K – $146.9K
NOI $8,813 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$595.4K
$521.0K – $694.7K
NOI $41,679 @ 7.0% cap · market cap 27.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Explore this area
Business Placement
Demographics for 26101, WV
28,337
Population
14,134
Households
2
Avg Household Size
41
Median Age
16%
College-Educated
84%
High-School Grad
30.8 sq mi
ZIP Area
920
Density / Sq Mi
$45,556
Median Household Income
$31,511
Median Earnings
$759
Median Rent
$107,300
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have established tenants, separate laundry hookups, and walkout basement space.
Where is this duplex located?
The property is located at 2619 Broad St Parkersburg, WV.
What is the asking price?
The asking price for this property is $148,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,160 square feet; Each unit has two bedrooms and one and one‑half baths upstairs; Separate laundry hookups in unfinished walkout basements
