289 Wiles Street Morgantown, WV 26505
MULTI_FAMILY - Morgantown, WV
Property Features for 289 Wiles Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Neighborhood Mix Use
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 4, Bedroom 5, Bedroom 4, Bathroom 2, Basement, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3
- Patio and Porch features
- Porch
- Interior features
- Washer Connection, Electric Dryer Connection
- Exterior features
- Porch
- Appliances
- Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
- Standard status
- Active
- Size
- 1,860 SF
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT, 289 WILES ST
- Tax Annual Amount
- 1875
Utilities
- Heating system
- Electric (Heating)
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 1926
- Floors in Building
- 3
- Number of units
- 1
- Flooring type
- Carpet - Full, Vinyl
- Building materials
- Frame, Block
- Roof type
- Shingle
- Architectural style
- Other
Listing agent DESTINY SYLVESTER License #WVS190300676 (304) 685-9287
Listing office BEL-CROSS PROPERTIES, LLC 76 High Street, Morgantown, WV (304) 296-7930
Listing date Jun 2, 2026
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.
Key Highlights
- Fully renovated 5‑bedroom, 3.5‑bath home completed in 2024, with electric heating and central air
- Leased with rental income of $3,435/month; lease in place through May 20, 2027
- Owner provides a $500 monthly utility allowance; tenants pay any overages
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.6k | $10.56 |
| − Vacancy | −$354 | −$0.19 |
| EGI | $19.3k | $10.37 |
| − OpEx | −$8.7k | −$4.67 |
| NOI | $10.6k | $5.70 |
