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Historic Multifamily Portfolio Opportunity
For Sale
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270 N Washington Street, Berkeley Springs, WV 25411

Three-building multifamily portfolio offers a range of unit sizes, from efficiency studios to larger multibedroom apartments.

Property Size23,497 SF
Price / SF$80.86
Days on Market64

Property Features for 270 N Washington Street

General Information

Standard status Active
Size 23,497 SF
Property subtype Multifamily
Zoning Inside city limits of Berkeley Springs

Additional Details

Business Included Yes

Building Details

Year Built 1925
Buildings 1
Tenancy Multi
Listing Agency: Black Diamond Realty
Listed By: W. Aaron Poling · License #WV0027374
Source: Crexi
Added: Jun 19 Changed: Aug 18 Last Checked: Aug 19 at 6:26AM

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 Black Diamond Realty

Investment Insights

Based on property information with market context.

This for-sale multifamily offering includes three separate income-producing properties: 268 Wilkes Street, 270 N. Washington Street, and 292 N. Washington Street in Berkeley Springs. The portfolio provides a mix of apartment configurations, spanning efficiency studios through larger multibedroom units. The buildings are described as retaining historic charm and character, including the Washington Street Apartments, and one former motel that has been converted into residential units. Across the three addresses, the residential layout options support a broad tenant mix.

The properties are positioned in the heart of historic Berkeley Springs and are described as just blocks from downtown amenities. Based on the provided remarks, tenants have convenient access to local shops, restaurants, spas, and tourist attractions associated with the area.

For investors or owner-operators, the appeal here is the combination of multiple buildings within a single portfolio and unit diversity across the three sites. The range of apartment sizes—from studios to multibedroom units—can be useful for tenant targeting and for operating a property mix with different household types. This offering is presented as a consolidated opportunity centered on the Berkeley Springs market, with residential units housed in multiple structures that include both traditional apartment buildings and a converted motel.

Key Highlights

  • Three‑building multifamily portfolio in historic Berkeley Springs
  • Multiple income‑producing properties at 268 Wilkes St, 270 N Washington St, and 292 N Washington St
  • Unit mix ranges from efficiency studios to larger multibedroom apartments

Property Analytics

Current Use

Mountain Springs Apartments Apartment Building

Suggested Use

Top Pick Building Supply HVAC Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Kitchen & Bath Showroom Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

371
Businesses Nearby

Demographics for 25411, WV

12,367
Population
6,195
Households
2
Avg Household Size
49
Median Age
21%
College-Educated
91%
High-School Grad
139.7 sq mi
ZIP Area
89
Density / Sq Mi
$64,070
Median Household Income
$43,024
Median Earnings
$853
Median Rent
$222,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Three-building multifamily portfolio offers a range of unit sizes, from efficiency studios to larger multibedroom apartments.
Where is this apartment building located?
The property is located at 270 N Washington Street Berkeley Springs, WV.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Three‑building multifamily portfolio in historic Berkeley Springs; Multiple income‑producing properties at 268 Wilkes St, 270 N Washington St, and 292 N Washington St; Unit mix ranges from efficiency studios to larger multibedroom apartments
(304) 413-4350 Call to check price and availability
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