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Victorian-Style Apartment Building
New
For Sale
$250,000

508 Fairmont Avenue, Fairmont, WV 26554

Five furnished units include shared laundry, off-street parking, and a detached two-stall garage.

Property Size4,928 SF
Price / SF$50.73
Days on Market4

Property Features for 508 Fairmont Avenue

General Information

Standard status Active
Size 4,928 SF
Property subtype Multi-Family
Occupancy 80%

Additional Details

Furnished Yes
Multifamily Units 5

Amenities

common laundry area

Building Details

Year Built 1900
Construction Victorian-style
Listing Agency: FLOYD REAL ESTATE, INC
Listed By: Ami Starn · License #2198
Source: Deepcreeksales
Added: Sep 11 Last Checked: Sep 13 at 4:56AM

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 FLOYD REAL ESTATE, INC

Investment Insights

Based on property information with market context.

Built in 1900, this Victorian-style apartment property contains five fully furnished rental units, with four currently occupied. Residents have access to a shared laundry area and off-street parking, while the detached two-stall garage provides additional storage or parking capacity.

The property is located at 508 Fairmont Avenue in Fairmont, West Virginia, with access to downtown Fairmont, shopping, restaurants, and Fairmont State University. Its combination of furnished units, existing occupancy, and supporting property amenities creates a clearly defined multifamily configuration.

Key Highlights

  • Five fully furnished rental units
  • Four units currently occupied
  • Shared laundry area for residents

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency HVAC Service Skin Care Clinic Building Supply Electrical Service Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
80%
Occupancy

Location Intelligence

Trade Area within ½ mile

886
Businesses Nearby

Demographics for 26554, WV

42,133
Population
19,688
Households
2.1
Avg Household Size
40
Median Age
30%
College-Educated
94%
High-School Grad
131.9 sq mi
ZIP Area
319
Density / Sq Mi
$69,271
Median Household Income
$40,688
Median Earnings
$931
Median Rent
$181,800
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

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?
Apartment building - Five furnished units include shared laundry, off-street parking, and a detached two-stall garage.
Where is this apartment building located?
The property is located at 508 Fairmont Avenue Fairmont, WV.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Five fully furnished rental units; Four units currently occupied; Shared laundry area for residents
More about this property
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