Apartment Property with
40 & 42 Staley Drive, Morgantown, WV 26508
For Sale
New
$799,000
Multi-Unit/Income, Traditional, Morgantown, WV
Property Size8,947 SF
Lot Size13.72 Acres
Price / SF$89.30
Days on Market2
Property Features for 40 & 42 Staley Drive
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Exterior features
Appliances
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Building Details
Year built
Floors in Building
Number of units
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Architectural style
Additional Structures
Buildings
Listing Agency:
J.S. WALKER ASSOCIATES
(304) 296-0074
Listed By:
TAYLOR ROWE
(304) 594-8895
Added: Nov 6
Last Checked: Nov 7 at 5:06PM
MLS# 10167757
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 8,947-square-foot residential property includes a six-unit apartment building and a duplex. Built in 1960, the buildings sit on 13.72 acres and have off-street parking, porches, and an outdoor storage building. Interior connections are provided for washers and electric dryers, and the listed appliances include ranges and refrigerators. Construction materials include block, brick, and stone, with metal roofing.
The property is located at 40 & 42 Staley Drive in Morgantown, West Virginia. No zoning restrictions are reported for the acreage.
The property is located at 40 & 42 Staley Drive in Morgantown, West Virginia. No zoning restrictions are reported for the acreage.
Key Highlights
- Six‑unit apartment building paired with a duplex
- 13.72 acres
- 8,947 square feet of property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,402
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,108,040
$1.1M
Cap Rate 7%
$791,457
$791.5K
Cap Rate 9%
$615,578
$615.6K
Market Conditions
NOI Build-Up for 8,947 SF
Gross rent
$80.5K $9.00/SF
− Vacancy
−$1.4K −$0.15/SF
EGI
$79.1K $8.85/SF
− OpEx
−$23.7K −$2.65/SF
NOI
$55.4K $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%
$1,108,040
Cap Rate 7%
$791,457
Cap Rate 9%
$615,578
Alternative Uses
Best Use
Multifamily LT 5
$791.5K
$692.5K – $923.4K
NOI $55,402 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$729.0K
$637.9K – $850.5K
NOI $51,029 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,552 @ 7.0% cap · market cap 22.60%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
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Demographics for 26508, WV
36,907
Population
16,829
Households
2.2
Avg Household Size
37
Median Age
50%
College-Educated
95%
High-School Grad
123.1 sq mi
ZIP Area
300
Density / Sq Mi
$83,247
Median Household Income
$51,072
Median Earnings
$984
Median Rent
$287,700
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 - A separate duplex adds another residential configuration to the existing apartment property.
Where is this apartment building located?
The property is located at 40 & 42 Staley Drive Morgantown, WV.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Six‑unit apartment building paired with a duplex; 13.72 acres; 8,947 square feet of property
