Six-Unit Apartment
For Sale
$699,000
320 Watts Street, Morgantown, WV 26501
Multi-Unit/Income, Morgantown, WV
Property Size4,800 SF
Lot Size0.18 Acres
Price / SF$145.63
Days on Market87
Property Features for 320 Watts Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Apartment Residential
Bedrooms
12
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 4, Bathroom 6, Bedroom 4, Basement, Bedroom 2, Bathroom 3, Bedroom 9, Bedroom 3, Bedroom 8, Bedroom 6, Bathroom 2, Bedroom 12, Bedroom 1, Bedroom 11, Bathroom 1, Bathroom 5, Bedroom 7, Bedroom 10, Bedroom 5
Parking features
Off Street
Patio and Porch features
Patio
Interior features
Walk-up Attic, Electric Stove Connection, Washer Connection, Electric Dryer Connection, All Window Treatments
Exterior features
Patio, Outside Lighting
Appliances
Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
Subdivision
South Park
Lot features
Level
Elementary school
Mountainview Elementary
Middle school
South Middle
High school
Morgantown High
Elementary school district
Monongalia
Middle school district
Monongalia
High school district
Monongalia
Directions
At the intersection of Pleasant Street and Spruce Street, travel southeast across the Pleasant Street bridge, turn left onto Cobun Avenue, turn right onto Kingwood Street, turn right onto Watts Street. Parking lot and apartment building will be on left.
Standard status
Active
Size
4,800 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
BL E NORTHERN PT LOTS 6,7 & 8, PT LOT 5 WATTS ADD 320 WATTS
Tax Annual Amount
11842
Legal Description
BL E NORTHERN PT LOTS 6,7 & 8, PT LOT 5 WATTS ADD 320 WATTS
Utilities
Heating system
Natural Gas, Electric (Heating), Forced Air, Other (Heating)
Cooling system
Window Unit(s), Ceiling Fan(s)
Building Details
Year built
1930
Floors in Building
3
Number of units
6
Flooring type
Wood, Carpet - Full, Vinyl
Building materials
Frame, Block
Roof type
Shingle
Listing Agency:
KLM PROPERTIES, INC
(304) 296-1533
Listed By:
JOHN WHISLER
(304) 216-0884
Added: Jul 20
Changed: Oct 11
Last Checked: Oct 14 at 6:06PM
MLS# 10165910
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 six-unit apartment property contains 4,800 square feet, with apartments ranging from approximately 600 to 900 square feet. Unit layouts and features vary, and each has essential appliances; select apartments also include in-unit laundry, dishwashers, and stainless steel appliances. Furnishings and household items used for furnished rentals convey. The property also offers off-street parking, storage, a patio, and a shingle roof replaced in 2022.
The building is at 320 Watts Street in Morgantown’s South Park Historic District, near downtown Morgantown, WVU, healthcare facilities, local employers, dining, shopping, and recreation. Zoning is Apartment Residential, and a City of Morgantown Letter of Compliance remains valid through May 2029.
The building is at 320 Watts Street in Morgantown’s South Park Historic District, near downtown Morgantown, WVU, healthcare facilities, local employers, dining, shopping, and recreation. Zoning is Apartment Residential, and a City of Morgantown Letter of Compliance remains valid through May 2029.
Key Highlights
- Six apartments in 4,800 square feet; unit sizes range from approximately 600 to 900 square feet
- Rental history includes long‑term leases and furnished short- and mid‑term stays
- Furnishings and household items associated with the furnished rentals convey
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,377
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,540
$547.5K
Cap Rate 7%
$391,100
$391.1K
Cap Rate 9%
$304,189
$304.2K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$50.7K $10.56/SF
− Vacancy
−$912 −$0.19/SF
EGI
$49.8K $10.37/SF
− OpEx
−$22.4K −$4.67/SF
NOI
$27.4K $5.70/SF
Area
Monongalia County, WV
Vacancy
1.80%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$547,540
Cap Rate 7%
$391,100
Cap Rate 9%
$304,189
Alternative Uses
Best Use
Apartment 5plus
$391.1K
$342.2K – $456.3K
NOI $27,377 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,865 @ 7.0% cap · market cap 13.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,344
Businesses Nearby
Explore this area
Business Placement
Demographics for 26501, WV
19,200
Population
9,541
Households
2
Avg Household Size
38
Median Age
45%
College-Educated
94%
High-School Grad
58.5 sq mi
ZIP Area
328
Density / Sq Mi
$62,173
Median Household Income
$34,949
Median Earnings
$914
Median Rent
$213,000
Median Home Value
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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?
Apartment building - A mix of long-term and furnished rental history supports flexible residential leasing approaches.
Where is this apartment building located?
The property is located at 320 Watts Street Morgantown, WV.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Six apartments in 4,800 square feet; unit sizes range from approximately 600 to 900 square feet; Rental history includes long‑term leases and furnished short- and mid‑term stays; Furnishings and household items associated with the furnished rentals convey
