Duplex with Porch and
For Sale
$95,000
313 Thomas Avenue, Nutter Fort, WV 26301
MULTI_FAMILY - Nutter Fort, WV
Property Size1,295 SF
Lot Size0.07 Acres
Price / SF$73.36
Days on Market38
Property Features for 313 Thomas Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Neighborhood Mix Use
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1, Basement
Patio and Porch features
Deck, Porch
Interior features
Gas Stove Connection, Electric Stove Connection, Washer Connection, Electric Dryer Connection
Exterior features
Porch, Deck
Appliances
Range, Microwave, Dishwasher, Refrigerator
Lot features
Sloping
Elementary school
Nutter Fort Primary/Intermediate
Middle school
Liberty Middle
High school
Robert C. Byrd High
Elementary school district
Harrison
Middle school district
Harrison
High school district
Harrison
Directions
W Main St Bridgeport to Joyce Street exit, left towards Nutter Fort 1.4 miles, right on Burton Ave, left on Thomas Ave house on the right.
Subdivision
Harrison/Clarksburg
Standard status
Active
Size
1,295 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT LOT PT 89 WHITE ADD (PT DWG RENTL-2ND FLR/ATTIC) AND PT 1 LOT PT 89 WHITE ADD (1/2 DWLG-BSMT 1ST
Tax Annual Amount
861
Legal Description
PT LOT PT 89 WHITE ADD (PT DWG RENTL-2ND FLR/ATTIC) AND PT 1 LOT PT 89 WHITE ADD (1/2 DWLG-BSMT 1ST
Utilities
Heating system
Other (Heating), Natural Gas
Cooling system
Window Unit(s)
Building Details
Year built
1950
Floors in Building
3
Number of units
2
Flooring type
Vinyl, Wood
Building materials
Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
PREFERRED PROPERTIES
(304) 842-7184
Listed By:
DEBI RORICK · License #WV0028924
(304) 838-2805
Added: Jul 5
Changed: Aug 9
Last Checked: Aug 11 at 7:06PM
MLS# 10165502
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.
This duplex offers a compact residential setup with frame construction and a shingle roof. The home includes vinyl and wood flooring, natural gas heating, and window unit air conditioning. Interior conveniences include washer and electric dryer connections, plus gas stove and electric stove connections. Kitchen appliances include a range, microwave, dishwasher, and refrigerator. Outside, the property features both a porch and a deck.
Located at 313 Thomas Avenue in Nutter Fort, West Virginia (Harrison County). The property is positioned near schools, shopping, and parks, and it sits on a 0.071-acre lot. Zoning is Neighborhood Mix Use.
Located at 313 Thomas Avenue in Nutter Fort, West Virginia (Harrison County). The property is positioned near schools, shopping, and parks, and it sits on a 0.071-acre lot. Zoning is Neighborhood Mix Use.
Key Highlights
- Duplex on 0.071 acres
- Built in 1950 with frame construction
- 1295 SF total property size
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$5,535
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$110,700
$110.7K
Cap Rate 7%
$79,071
$79.1K
Cap Rate 9%
$61,500
$61.5K
Market Conditions
NOI Build-Up for 1,295 SF
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.
Gross rent
$8.2K $6.36/SF
− Vacancy
−$329 −$0.25/SF
EGI
$7.9K $6.11/SF
− OpEx
−$2.4K −$1.83/SF
NOI
$5.5K $4.27/SF
Area
Harrison County, WV
Vacancy
3.99%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$110,700
Cap Rate 7%
$79,071
Cap Rate 9%
$61,500
Alternative Uses
Best Use
Multifamily LT 5
$79.1K
$69.2K – $92.3K
NOI $5,535 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$72.5K
$63.5K – $84.6K
NOI $5,077 @ 7.0% cap · market cap 5.34%
Theoretical Best
Specialty Retail
$256.2K
$224.2K – $298.9K
NOI $17,936 @ 7.0% cap · market cap 18.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 26301, WV
28,586
Population
13,875
Households
2.1
Avg Household Size
42
Median Age
22%
College-Educated
86%
High-School Grad
77.1 sq mi
ZIP Area
371
Density / Sq Mi
$49,773
Median Household Income
$34,594
Median Earnings
$772
Median Rent
$123,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex on 0.071 acres in Neighborhood Mix Use zoning, built in 1950, featuring a porch and deck.
Where is this duplex located?
The property is located at 313 Thomas Avenue Nutter Fort, WV.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: Duplex on 0.071 acres; Built in 1950 with frame construction; 1295 SF total property size
