Updated Duplex with Attached
For Sale
$329,000
459 E Burke St, Martinsburg, WV 25404
Two separate living areas pair with extensive parking, a fenced yard, and Level 2 EV charging.
Property Size2,557 SF
Price / SF$128.67
Days on Market49
Property Features for 459 E Burke St
General Information
Standard status
Active
Size
2,557 SF
Property subtype
Multi-Family
Building Details
Year Built
1906
Listing Agency:
Samson Properties
Listed By:
Andrew R Fultz · License #WV0029152
(304) 940-5125
Source:
Kableteam
Added: Sep 2
Changed: Oct 11
Last Checked: Oct 19 at 11:55AM
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 Samson Properties
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Investment Insights
Based on property information with market context.
This duplex combines a primary residence with a separate apartment in a 2,557-square-foot property built in 1906. The main home offers 4 bedrooms, including a room suited for office use, along with 2 full bathrooms, central HVAC, natural gas heat, fresh interior paint, and cold storage beneath the front porch. The attached 3-car garage includes Level 2 EV charging.
The upper apartment contains 1 bedroom and 1 bathroom and is fully rented. Additional exterior features include off-street and driveway parking, a rear patio, a fully privacy-fenced yard, and a newer architectural shingle roof. The property is located at 459 E Burke St in Martinsburg, WV 25404.
The upper apartment contains 1 bedroom and 1 bathroom and is fully rented. Additional exterior features include off-street and driveway parking, a rear patio, a fully privacy-fenced yard, and a newer architectural shingle roof. The property is located at 459 E Burke St in Martinsburg, WV 25404.
Key Highlights
- 2,557‑square‑foot duplex built in 1906
- Main residence includes 4 bedrooms and 2 full bathrooms
- Fully rented 1‑bedroom, 1‑bathroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,167
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,340
$243.3K
Cap Rate 7%
$173,814
$173.8K
Cap Rate 9%
$135,189
$135.2K
Market Conditions
NOI Build-Up for 2,557 SF
Gross rent
$18.1K $7.08/SF
− Vacancy
−$722 −$0.28/SF
EGI
$17.4K $6.80/SF
− OpEx
−$5.2K −$2.04/SF
NOI
$12.2K $4.76/SF
Area
Berkeley County, WV
Vacancy
3.99%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,340
Cap Rate 7%
$173,814
Cap Rate 9%
$135,189
Alternative Uses
Best Use
Multifamily LT 5
$173.8K
$152.1K – $202.8K
NOI $12,167 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$159.4K
$139.5K – $185.9K
NOI $11,156 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$462.9K
$405.0K – $540.0K
NOI $32,402 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
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Business Placement
Demographics for 25404, WV
23,034
Population
9,973
Households
2.3
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
37.9 sq mi
ZIP Area
608
Density / Sq Mi
$68,897
Median Household Income
$42,976
Median Earnings
$1,228
Median Rent
$226,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate living areas pair with extensive parking, a fenced yard, and Level 2 EV charging.
Where is this duplex located?
The property is located at 459 E Burke St Martinsburg, WV.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 2,557‑square‑foot duplex built in 1906; Main residence includes 4 bedrooms and 2 full bathrooms; Fully rented 1‑bedroom, 1‑bathroom apartment
