Two-Unit Duplex with
For Sale
$189,900
348 Wilson Avenue, Morgantown, WV 26501
Separate residences provide distinct bedroom and bath layouts, outdoor porches, and tenant-paid utilities.
Property Size2,518 SF
Price / SF$75.42
Days on Market133
Property Features for 348 Wilson Avenue
General Information
Standard status
Active
Size
2,518 SF
Property subtype
Multi-family
Financials
Asking Price
$189,000
Gross Income
$20,400
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
washer/dryer
upper porch
private back porch
street parking
Building Details
Year Built
1915
Listing Agency:
BEL-CROSS PROPERTIES,LLC
Listed By:
DESTINY SYLVESTER · License #3690
(304) 685-9287
Source:
Railey
Added: Jun 19
Changed: Oct 28
Last Checked: Oct 28 at 8:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BEL-CROSS PROPERTIES,LLC
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Investment Insights
Based on property information with market context.
This two-unit duplex at 348 Wilson Avenue includes an upper residence with three bedrooms, two bathrooms, a washer and dryer, and an upper porch. The lower residence contains two bedrooms, one bathroom, and a private rear porch. Both units provide separate living accommodations, while tenants are responsible for all utilities. Street parking serves the property.
Built in 1915, the property is located in Morgantown’s South Park area near downtown, WVU’s Downtown Campus, Morgantown High School, restaurants, parks, trails, coffee shops, and the rail trail. Current leases extend through July 22, 2027. Tenant access requires a minimum of 24 hours’ notice.
Built in 1915, the property is located in Morgantown’s South Park area near downtown, WVU’s Downtown Campus, Morgantown High School, restaurants, parks, trails, coffee shops, and the rail trail. Current leases extend through July 22, 2027. Tenant access requires a minimum of 24 hours’ notice.
Key Highlights
- Two‑unit duplex with a 3‑bedroom, 2‑bath upper residence and a 2‑bedroom, 1‑bath lower residence
- Upper unit includes a washer and dryer plus an upper porch
- Lower unit features a private back porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,592
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,840
$311.8K
Cap Rate 7%
$222,743
$222.7K
Cap Rate 9%
$173,244
$173.2K
Market Conditions
NOI Build-Up for 2,518 SF
Gross rent
$22.7K $9.00/SF
− Vacancy
−$388 −$0.15/SF
EGI
$22.3K $8.85/SF
− OpEx
−$6.7K −$2.65/SF
NOI
$15.6K $6.19/SF
Area
Monongalia County, WV
Vacancy
1.71%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,840
Cap Rate 7%
$222,743
Cap Rate 9%
$173,244
Alternative Uses
Best Use
Multifamily LT 5
$222.7K
$194.9K – $259.9K
NOI $15,592 @ 7.0% cap · market cap 8.21%
Second Best
Apartment 5plus
$205.2K
$179.5K – $239.4K
NOI $14,361 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$725.9K
$635.2K – $846.9K
NOI $50,814 @ 7.0% cap · market cap 26.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,144
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Separate residences provide distinct bedroom and bath layouts, outdoor porches, and tenant-paid utilities.
Where is this duplex located?
The property is located at 348 Wilson Avenue Morgantown, WV.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Two‑unit duplex with a 3‑bedroom, 2‑bath upper residence and a 2‑bedroom, 1‑bath lower residence; Upper unit includes a washer and dryer plus an upper porch; Lower unit features a private back porch
