Brick Duplex with Updated
For Sale
$188,200
361 Lee Ave, Clarksburg, WV 26301
Residential Income, Clarksburg, WV
Property Size3,813 SF
Price / SF$49.36
Days on Market47
Property Features for 361 Lee Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 4, Bathroom 4, Bedroom 3
Standard status
Active
Size
3,813 SF
Listing Agency:
Kaufman Realty and Auctions
Listed By:
Wayne Yoder
(304) 931-1023
Added: Sep 4
Changed: Oct 20
Last Checked: Oct 20 at 7:06PM
MLS# 11966556
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This brick duplex at 361 Lee Ave includes two residential rental units with established lease arrangements that convey to the new owner. The larger unit offers four bedrooms, 3 1/2 baths, a master suite with walk-in closet, fireplace, laundry room, and covered porch. The second unit includes three bedrooms, two baths, laundry, and a storage room.
Property improvements include a new roof installed in 2023 and new furnaces installed in 2025. Additional features include a sprinkler system, city water and sewer service, and R4 Residential zoning. The property is in Clarksburg near shopping, schools, restaurants, and major roadways.
Property improvements include a new roof installed in 2023 and new furnaces installed in 2025. Additional features include a sprinkler system, city water and sewer service, and R4 Residential zoning. The property is in Clarksburg near shopping, schools, restaurants, and major roadways.
Key Highlights
- Two residential rental units with current leases conveying to the new owner
- New roof installed in 2023
- New furnaces installed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,298
Cap Rate
8.66%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Yes
Sprinkler system
Yes
Utilities to site
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit property includes laundry rooms, storage, and a covered porch.
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 residential rental units with current leases conveying to the new owner; New roof installed in 2023; New furnaces installed in 2025
