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Apartment Building Redevelopment
For Sale
$225,000

409 Diamond Street, Fairmont, WV 26554

Existing structure and space support an as-is renovation project designed for a 10-unit apartment configuration.

Property SizeContact for details
Days on Market186

Property Features for 409 Diamond Street

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Multifamily Units 10

Amenities

Electric
Baseboard
Window Unit(s)
Rubber, Rolled/Hot Mop

Building Details

Year Built 1923
Stories 3
Listing Agency: BLUE SKY REALTY
Listed By: Kristen Barbour
Source: Kw
Added: Apr 18 Changed: Oct 19 Last Checked: Oct 19 at 5:12AM

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 BLUE SKY REALTY

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Investment Insights

Based on property information with market context.

This apartment building redevelopment property includes an existing structure and interior space described as suitable for conversion into 10 apartment units. The property is being sold as is and dates to 1923. Interior systems and features include window units, electric service, and baseboard heating, while the exterior roof covering is rubber, rolled, or hot mop.

Located at 409 Diamond Street in Fairmont, West Virginia, the property offers a defined existing building footprint for a renovation or redevelopment plan. The available information identifies a residential income property format with a proposed 10-unit configuration, subject to the work required to complete the project.

Key Highlights

  • Existing structure and space described for a 10‑unit apartment configuration
  • 1923 construction year
  • Being sold as is

Property Analytics

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Lease Details

10
Residential units

Location Intelligence

Trade Area within ½ mile

774
Businesses Nearby

Demographics for 26554, WV

42,133
Population
19,688
Households
2.1
Avg Household Size
40
Median Age
30%
College-Educated
94%
High-School Grad
131.9 sq mi
ZIP Area
319
Density / Sq Mi
$69,271
Median Household Income
$40,688
Median Earnings
$931
Median Rent
$181,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Existing structure and space support an as-is renovation project designed for a 10-unit apartment configuration.
Where is this apartment building located?
The property is located at 409 Diamond Street Fairmont, WV.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Existing structure and space described for a 10‑unit apartment configuration; 1923 construction year; Being sold as is
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