320 Watts Street Morgantown, WV 26501
MULTI_FAMILY - Morgantown, WV
Property Features for 320 Watts Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Apartment Residential
- Bedrooms
- 12
- Bathrooms
- 6
- Rooms
- Bathroom 5, Bedroom 8, Bedroom 1, Bedroom 9, Bathroom 1, Bathroom 4, Bedroom 10, Bathroom 3, Bedroom 11, Bedroom 2, Bedroom 5, Bathroom 2, Bedroom 7, Basement, Bedroom 3, Bathroom 6, Bedroom 12, Bedroom 6, Bedroom 4
- Parking features
- Off Street
- Patio and Porch features
- Patio
- Interior features
- All Window Treatments, Electric Dryer Connection, Electric Stove Connection, Walk-up Attic, Washer Connection
- Exterior features
- Outside Lighting, Patio
- Appliances
- Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- 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
Utilities
- Heating system
- Other (Heating), Electric (Heating), Natural Gas, Forced Air
- Cooling system
- Ceiling Fan(s), Window Unit(s)
Building Details
- Year built
- 1930
- Floors in Building
- 3
- Number of units
- 6
- Flooring type
- Wood, Vinyl, Carpet - Full
- Building materials
- Block, Frame
- Roof type
- Shingle
Listing agent JOHN WHISLER (304) 216-0884
Listing office KLM PROPERTIES, INC 1533 Mileground Road, Morgantown, WV (304) 296-1533
Listing date Jul 15, 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.
Located at 320 Watts Street in Morgantown, the property is described as being within the South Park Historic District and is convenient to downtown Morgantown and nearby employment and service destinations. A City of Morgantown Letter of Compliance is currently in place and is valid through May 2029.
Improvements noted include a newer roof replaced in 2022. The units are described as approximately 600 to 900 square feet, with room sizes and features varying by unit configuration.
Key Highlights
- 6‑unit multifamily at 320 Watts Street in Morgantown’s South Park Historic District
- Units range from approximately 600 to 900 SF with a variety of layouts and features
- Select units offer in‑unit laundry and dishwashers, and several include stainless steel appliances
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 | $50.7k | $10.56 |
| − Vacancy | −$912 | −$0.19 |
| EGI | $49.8k | $10.37 |
| − OpEx | −$22.4k | −$4.67 |
| NOI | $27.4k | $5.70 |
