Two-Story
For Sale
$94,097
313 Thomas Avenue, Nutter Fort, WV 26301
Multi-Unit/Income, Two Story, Nutter Fort, WV
Property Size1,295 SF
Lot Size0.07 Acres
Price / SF$72.66
Days on Market85
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, Bedroom 3, Basement, Bedroom 1, Bathroom 2, Bedroom 2
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
Natural Gas, Other (Heating)
Cooling system
Window Unit(s)
Building Details
Year built
1950
Floors in Building
3
Number of units
2
Flooring type
Wood, Vinyl
Building materials
Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
PREFERRED PROPERTIES
(304) 842-7184
Listed By:
DEBI RORICK
(304) 838-2805
Added: Jul 5
Changed: Sep 16
Last Checked: Sep 27 at 2:06PM
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 two-story duplex in Nutter Fort contains 1,295 square feet on a 0.071-acre lot. The layout includes three bedrooms, two bathrooms, and a basement, with wood and vinyl flooring throughout. Each unit is supported by gas and electric stove connections, washer and electric dryer connections, and appliances including ranges, microwaves, dishwashers, and refrigerators. The frame structure was built in 1950 and has natural-gas heating, window-unit cooling, and a shingle roof.
Outdoor features include both a porch and deck. The property is zoned Neighborhood Mix Use and is located near schools, shopping, and parks at 313 Thomas Avenue in Nutter Fort, West Virginia.
Outdoor features include both a porch and deck. The property is zoned Neighborhood Mix Use and is located near schools, shopping, and parks at 313 Thomas Avenue in Nutter Fort, West Virginia.
Key Highlights
- Duplex with 1,295 square feet on a 0.071‑acre lot
- Three bedrooms, two bathrooms, and a basement
- Neighborhood Mix Use zoning
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
5.88%
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 5.88%
Second Best
Apartment 5plus
$72.5K
$63.5K – $84.6K
NOI $5,077 @ 7.0% cap · market cap 5.40%
Theoretical Best
Specialty Retail
$256.2K
$224.2K – $298.9K
NOI $17,936 @ 7.0% cap · market cap 19.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
198
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with porch, deck, basement, and separate cooking and laundry connections.
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 $94,097.
What are key features of this property?
This property features: Duplex with 1,295 square feet on a 0.071‑acre lot; Three bedrooms, two bathrooms, and a basement; Neighborhood Mix Use zoning
