Brick Duplex with Updated
New
For Sale
$188,200
361 Lee Ave, Clarksburg, WV 26301
Two residential rental units with separate living spaces, laundry areas, and covered outdoor space in Clarksburg.
Property Size3,813 SF
Price / SF$49.36
Days on Market5
Property Features for 361 Lee Ave
General Information
Standard status
Active
Size
3,813 SF
Property subtype
Multi-Unit (2-4)
Amenities
Percentage of Tax that is Deductable: 0
Sale, Sale Type: Foreclosure, Sale Type: Auction, Online Only Auction, Auction URL: https://bid.kaufman-auctions.com/auctions/8714/catalog/366273, Auction End Time: 2026-10-15 23:00:00
4 Bedrooms
Above Area Square Feet: 3813
3 Full Baths, One Half Bath
Listing Agency:
Kaufman Realty and Auctions
Listed By:
Wayne Yoder
(304) 931-1023
Source:
Doyle-realty
Added: Sep 4
Changed: Sep 7
Last Checked: Sep 7 at 6:49AM
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 Kaufman Realty and Auctions
Investment Insights
Based on property information with market context.
This brick duplex at 361 Lee Ave includes two residential units totaling approximately 3,813 square feet. The primary unit offers four bedrooms, three and one-half baths, a master suite with walk-in closet, fireplace, laundry room, and covered porch. The second unit contains three bedrooms, two baths, laundry and storage rooms, and approximately 1,562 square feet. A new roof was installed in 2023, and new furnaces were added in 2025.
The property is zoned R4 Residential and served by city water and sewer. It also includes a sprinkler system and existing tenant leases that convey to the new owner. Shopping, schools, restaurants, and major roadways are identified nearby, with Nutter Fort Primary, Nutter Fort Intermediate, and Robert C. Byrd High School listed in the surrounding school information.
The property is zoned R4 Residential and served by city water and sewer. It also includes a sprinkler system and existing tenant leases that convey to the new owner. Shopping, schools, restaurants, and major roadways are identified nearby, with Nutter Fort Primary, Nutter Fort Intermediate, and Robert C. Byrd High School listed in the surrounding school information.
Key Highlights
- Two‑unit brick duplex totaling approximately 3,813 square feet
- Primary unit includes 4 bedrooms, 3 1/2 baths, fireplace, and master suite
- Second unit offers 3 bedrooms, 2 baths, and approximately 1,562 square feet
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
$16,298
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
8.66%
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%
$325,960
$326.0K
Cap Rate 7%
$232,829
$232.8K
Cap Rate 9%
$181,089
$181.1K
Market Conditions
NOI Build-Up for 3,813 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
$24.3K $6.36/SF
− Vacancy
−$968 −$0.25/SF
EGI
$23.3K $6.11/SF
− OpEx
−$7.0K −$1.83/SF
NOI
$16.3K $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%
$325,960
Cap Rate 7%
$232,829
Cap Rate 9%
$181,089
Alternative Uses
Best Use
Multifamily LT 5
$232.8K
$203.7K – $271.6K
NOI $16,298 @ 7.0% cap · market cap 8.66%
Second Best
Apartment 5plus
$213.5K
$186.8K – $249.1K
NOI $14,947 @ 7.0% cap · market cap 7.94%
Theoretical Best
Specialty Retail
$754.4K
$660.1K – $880.2K
NOI $52,811 @ 7.0% cap · market cap 28.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
905
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential rental units with separate living spaces, laundry areas, and covered outdoor space in Clarksburg.
Where is this duplex located?
The property is located at 361 Lee Ave Clarksburg, WV.
What is the asking price?
The asking price for this property is $188,200.
What are key features of this property?
This property features: Two‑unit brick duplex totaling approximately 3,813 square feet; Primary unit includes 4 bedrooms, 3 1/2 baths, fireplace, and master suite; Second unit offers 3 bedrooms, 2 baths, and approximately 1,562 square feet
