5-Unit Apartment
New
For Sale
$625,000
385 Kensington Avenue, Morgantown, WV 26505
Multi-Unit/Income, Two Story, Morgantown, WV
Property Size3,865 SF
Lot Size0.16 Acres
Price / SF$161.71
Days on Market4
Property Features for 385 Kensington Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multiple Family Residence
Bedrooms
10
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bedroom 10, Bedroom 4, Bedroom 3, Bedroom 6, Bathroom 2, Bathroom 1, Basement, Bedroom 7, Bathroom 5, Bedroom 1, Bedroom 8, Bathroom 4, Bedroom 9, Bathroom 3, Bedroom 5
Parking features
Off Street
Exterior features
Balcony
Appliances
Range, Refrigerator
Lot features
Level, Sloping
Elementary school
Suncrest Elementary
Middle school
Suncrest Middle
High school
Morgantown High
Elementary school district
Monongalia
Middle school district
Monongalia
High school district
Monongalia
Directions
From Interstate 79, take the exit toward University Avenue (US-19) and proceed toward Star City. Continue along University Avenue, passing the Star City Post Office. Turn LEFT onto Kensington Avenue and continue to 385 Kensington Avenue. The prop
Subdivision
Monongalia/Morgantown
Standard status
Active
Size
3,865 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
BL 45, PT LOT 12, ALL 13 KENSINGTON
Tax Annual Amount
2406
Legal Description
BL 45, PT LOT 12, ALL 13 KENSINGTON
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
1973
Floors in Building
2
Number of units
5
Flooring type
Laminate, Carpet - Full, Tile
Building materials
Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES TOUCHDOWN HOME PROS REALTY
(304) 322-4101
Listed By:
BRIAN COVELL
(301) 501-0698
Added: Oct 26
Last Checked: Oct 29 at 11:06AM
MLS# 10167564
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.
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Investment Insights
Based on property information with market context.
This two-story apartment property contains five residences, each configured with two bedrooms. The building offers 3,865 square feet on a 0.16-acre lot and was built in 1973. A basement and balcony are among its existing features, with off-street parking available. Heating is forced air fueled by natural gas; cooling includes central air and ceiling fans. The property is zoned Multiple Family Residence and includes a range, refrigerator, and carpet, tile, and laminate flooring.
The property is on Kensington Avenue in Morgantown, with access to University Avenue and the Star City area. West Virginia University, downtown Morgantown, shopping, dining, and employment centers are identified as nearby destinations.
The property is on Kensington Avenue in Morgantown, with access to University Avenue and the Star City area. West Virginia University, downtown Morgantown, shopping, dining, and employment centers are identified as nearby destinations.
Key Highlights
- Five apartments, each with two bedrooms
- 3,865 square feet on a 0.16‑acre lot
- Built in 1973; includes a basement and balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,044
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,880
$440.9K
Cap Rate 7%
$314,914
$314.9K
Cap Rate 9%
$244,933
$244.9K
Market Conditions
NOI Build-Up for 3,865 SF
Gross rent
$40.8K $10.56/SF
− Vacancy
−$735 −$0.19/SF
EGI
$40.1K $10.37/SF
− OpEx
−$18.0K −$4.67/SF
NOI
$22.0K $5.70/SF
Area
Monongalia County, WV
Vacancy
1.80%
Lease Rate
$10.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$440,880
Cap Rate 7%
$314,914
Cap Rate 9%
$244,933
Alternative Uses
Best Use
Apartment 5plus
$314.9K
$275.6K – $367.4K
NOI $22,044 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$975.0K – $1.30M
NOI $77,996 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
402
Businesses Nearby
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Business Placement
Demographics for 26505, WV
39,057
Population
19,220
Households
2
Avg Household Size
27
Median Age
55%
College-Educated
93%
High-School Grad
12.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$42,275
Median Household Income
$24,042
Median Earnings
$942
Median Rent
$265,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Five two-bedroom residences create a clear unit mix within this multifamily property.
Where is this apartment building located?
The property is located at 385 Kensington Avenue Morgantown, WV.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Five apartments, each with two bedrooms; 3,865 square feet on a 0.16‑acre lot; Built in 1973; includes a basement and balcony
