Multi-Family Portfolio With Vacant
430 Porter Road Charleston, WV 25314
New
430 Porter Road, Charleston, WV, 25314
$825,000
For Sale
$825,000
MULTI_FAMILY - Charleston, WV
Property Size5,000 SF
Lot Size0.18 Acres
Price / SF$165
Days on Market4
Property Features for 430 Porter Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Rooms
- Bedroom 3, Bedroom 7, Bedroom 9, Bathroom 2, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 1, Bedroom 10, Bathroom 4, Bedroom 2, Bedroom 6, Bedroom 8, Bathroom 1, Bathroom 5
- Parking features
- Off Street
- Standard status
- Active
- APN
- 14-0003-0054-0000-0000
- Size
- 5,000 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- 1/6A M OR L PORTERS HOLLOW PORTER ROAD 430 SOLD TO STATE 2018
- Tax Annual Amount
- 6100
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Heat Pump (Heating), Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Number of units
- 5
- Flooring type
- Hardwood, Vinyl
- Building materials
- Block, Frame
- Roof type
- Composition, Shingle
Listing Agency
Better Homes and Gardens Real Estate Central
(304) 201-7653
928 Cross Lanes Dr., Cross Lanes, WV
Listed by
Cody Carver · License #190300663
(304) 533-6927
Added: Jul 15 Checked: Jul 18 at 11:06 am
MLS# 284503
Listing URL
Copyright © 2026 Kanawha Valley Board of Realtors. 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 for-sale portfolio consists of five income-producing single-family homes and two vacant lots on Porter Road. The five homes at 430, 453, 457, 459 and 461 Porter Rd are currently occupied, and the offering includes vacant land at 436 Porter Rd (a vacant double lot) and 455 Porter Rd.
The mix of occupied residences and vacant lots provides both immediate rental presence and opportunities for future development or expansion. Additional details, including a rent roll and further financial information, are available upon request.
The mix of occupied residences and vacant lots provides both immediate rental presence and opportunities for future development or expansion. Additional details, including a rent roll and further financial information, are available upon request.
Key Highlights
- Portfolio includes five income‑producing single‑family homes on Porter Rd: 430, 453, 457, 459, and 461 Porter Rd
- Two vacant lots included: a vacant double lot at 436 Porter Rd and a vacant lot at 455 Porter Rd
- All five homes are currently occupied with a mix of long‑term and mid‑term rentals
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.0k | $12.00 |
| − Vacancy | −$1.4k | −$0.28 |
| EGI | $58.6k | $11.72 |
| − OpEx | −$26.4k | −$5.28 |
| NOI | $32.2k | $6.45 |
5,000 SF · lease $12.00/SF/yr · vacancy 2.30% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$460.6K
$403.0K – $537.4K
NOI $32,241 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$964.8K – $1.29M
NOI $77,184 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Portfolio includes five occupied single-family homes plus two vacant lots on Porter Road in Charleston, WV.
Where is this single family property located?
The property is located at 430 Porter Road Charleston, WV.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Portfolio includes five income‑producing single‑family homes on Porter Rd: 430, 453, 457, 459, and 461 Porter Rd; Two vacant lots included: a vacant double lot at 436 Porter Rd and a vacant lot at 455 Porter Rd; All five homes are currently occupied with a mix of long‑term and mid‑term rentals
