Two-Unit Duplex with Mixed
For Sale
$150,000
501 Grant Ave, Morgantown, WV 26505
Separate upper and lower residences offer distinct bedroom configurations for flexible occupancy or leasing.
Property Size1,848 SF
Price / SF$81.17
Days on Market56
Property Features for 501 Grant Ave
General Information
Standard status
Active
Size
1,848 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,958
Listing Agency:
RED BRICK PROPERTY MANAGEMENT, LLC
Listed By:
David Flores · License #WVA260040420
(304) 322-5892
Source:
Exprealty
Added: Aug 12
Changed: Oct 3
Last Checked: Oct 5 at 10:49PM
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 RED BRICK PROPERTY MANAGEMENT, LLC
Investment Insights
Based on property information with market context.
Located at 501 Grant Ave in Morgantown, WV, this 1,848-square-foot duplex contains two residential units arranged across upper and lower levels. The upper residence provides three bedrooms and one bathroom, while the lower residence includes one bedroom and one bathroom.
The property is offered for sale in its current AS-IS condition. Its two-unit configuration and varied unit sizes provide a straightforward layout for residential occupancy or rental use.
The property is offered for sale in its current AS-IS condition. Its two-unit configuration and varied unit sizes provide a straightforward layout for residential occupancy or rental use.
Key Highlights
- Two‑unit duplex with 1,848 square feet
- Upper unit includes 3 bedrooms and 1 bathroom
- Lower unit includes 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,443
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$228,860
$228.9K
Cap Rate 7%
$163,471
$163.5K
Cap Rate 9%
$127,144
$127.1K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$16.6K $9.00/SF
− Vacancy
−$284 −$0.15/SF
EGI
$16.3K $8.85/SF
− OpEx
−$4.9K −$2.65/SF
NOI
$11.4K $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%
$228,860
Cap Rate 7%
$163,471
Cap Rate 9%
$127,144
Alternative Uses
Best Use
Multifamily LT 5
$163.5K
$143.0K – $190.7K
NOI $11,443 @ 7.0% cap · market cap 7.63%
Second Best
Apartment 5plus
$150.6K
$131.8K – $175.7K
NOI $10,540 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$532.8K
$466.2K – $621.6K
NOI $37,293 @ 7.0% cap · market cap 24.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
663
Businesses Nearby
Explore this area
Business Placement
Demographics for 26505, WV
39,057
Population
19,220
Households
2
Avg Household Size
27
Median Age
55%
College-Educated
93%
High-School Grad
12.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$42,275
Median Household Income
$24,042
Median Earnings
$942
Median Rent
$265,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate upper and lower residences offer distinct bedroom configurations for flexible occupancy or leasing.
Where is this duplex located?
The property is located at 501 Grant Ave Morgantown, WV.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,848 square feet; Upper unit includes 3 bedrooms and 1 bathroom; Lower unit includes 1 bedroom and 1 bathroom
