Three-Unit Multifamily
For Sale
$150,000
505 Grant Ave, Morgantown, WV 26505
Multifamily property with two two-bedroom units and a separate studio apartment.
Property Size2,106 SF
Price / SF$71.23
Days on Market56
Property Features for 505 Grant Ave
General Information
Standard status
Active
Size
2,106 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA, 1 x studio/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$2,106
Listing Agency:
RED BRICK PROPERTY MANAGEMENT, LLC
Listed By:
David Flores · License #WVA260040420
(304) 322-5892
Source:
Exprealty
Added: Aug 12
Changed: Sep 10
Last Checked: Oct 6 at 12:45AM
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.
This three-unit multifamily property contains two separate two-bedroom, one-bath residences along with a studio apartment that includes a full bath. The combined property size is 2,106 square feet, offering a compact configuration of distinct residential units within one asset.
The property is located at 505 Grant Ave in Morgantown, WV. It is offered in its present condition, with the sale structured on an AS-IS basis.
The property is located at 505 Grant Ave in Morgantown, WV. It is offered in its present condition, with the sale structured on an AS-IS basis.
Key Highlights
- Three‑unit multifamily configuration
- Two 2‑bedroom, 1‑bath units
- Studio unit with a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,041
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$260,820
$260.8K
Cap Rate 7%
$186,300
$186.3K
Cap Rate 9%
$144,900
$144.9K
Market Conditions
NOI Build-Up for 2,106 SF
Gross rent
$19.0K $9.00/SF
− Vacancy
−$324 −$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%
$260,820
Cap Rate 7%
$186,300
Cap Rate 9%
$144,900
Alternative Uses
Best Use
Multifamily LT 5
$186.3K
$163.0K – $217.4K
NOI $13,041 @ 7.0% cap · market cap 8.69%
Second Best
Apartment 5plus
$171.6K
$150.1K – $200.2K
NOI $12,011 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$607.1K
$531.2K – $708.3K
NOI $42,499 @ 7.0% cap · market cap 28.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Multifamily property with two two-bedroom units and a separate studio apartment.
Where is this triplex located?
The property is located at 505 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: Three‑unit multifamily configuration; Two 2‑bedroom, 1‑bath units; Studio unit with a full bath
