493 W Pennsylvania Ave, Westover, WV 26501

Listing Agency: BLUE SKY REALTY, LLC

Listed By: Keith Summers Show Phone

Source: Exprealty

Added: Oct 20 Changed: Nov 7 Last Checked: Nov 7 at 4:03PM

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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, LLC

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Investment Insights

Based on property information with market context.

This duplex contains two separate living units within a 2,100-square-foot property. Its two-unit configuration supports rental use, with a documented rental history.

Key Highlights

• Two separate living units
• 2,100 square feet
• Rental history

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,004

Cap Rate

7.26%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$260,080 $260.1K

Cap Rate 7%

$185,771 $185.8K

Cap Rate 9%

$144,489 $144.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,100 SF

Gross rent

$18.9K $9.00/SF

− Vacancy

−$323 −$0.15/SF

EGI

$18.6K $8.85/SF

− OpEx

−$5.6K −$2.65/SF

NOI

$13.0K $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%

$260,080

Cap Rate 7%

$185,771

Cap Rate 9%

$144,489

Alternative Uses

Best Use

Multifamily LT 5

$185.8K

$162.6K – $216.7K (±1% cap)

NOI $13,004 @ 7.0% cap · market cap 7.26%

Second Best

Apartment 5plus

$171.1K

$149.7K – $199.6K (±1% cap)

NOI $11,977 @ 7.0% cap · market cap 6.69%

Theoretical Best

Office A

$605.4K

$529.7K – $706.3K (±1% cap)

NOI $42,378 @ 7.0% cap · market cap 23.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

356

Businesses Nearby

Explore this area Business Placement

Demographics for 26501, WV

19,200

Population

9,541

Households

2

Avg Household Size

38

Median Age

45%

College-Educated

94%

High-School Grad

58.5 sq mi

ZIP Area

328

Density / Sq Mi

$62,173

Median Household Income

$34,949

Median Earnings

$914

Median Rent

$213,000

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two separate residences provide a straightforward configuration for rental use.

Where is this duplex located?

The property is located at 493 W Pennsylvania Ave Westover, WV.

What is the asking price?

The asking price for this property is $179,000.

What are key features of this property?

This property features: Two separate living units; 2,100 square feet; Rental history