Brick Duplex with Updated
New
For Sale
$188,200
361 Lee Ave, Clarksburg, WV 26301
Residential Income, Clarksburg, WV
Property Size3,813 SF
Price / SF$49.36
Days on Market1
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
Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 4, Bathroom 1
Standard status
Active
Size
3,813 SF
Listing Agency:
Kaufman Realty and Auctions
(304) 931-1023
Listed By:
Wayne Yoder
(304) 931-1285
Added: Sep 4
Last Checked: Sep 4 at 9:06PM
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.
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 = 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
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
