2-Unit Duplex with
For Sale
$395,000
512 Beverly Avenue, Morgantown, WV 26505
MULTI_FAMILY - Morgantown, WV
Property Size3,054 SF
Lot Size0.34 Acres
Price / SF$129.34
Days on Market45
Property Features for 512 Beverly Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Two Family & Multi-Family
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 7, Bathroom 1, Basement, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 2, Bedroom 1
Parking features
Off Street
Patio and Porch features
Deck
Interior features
Gas Stove Connection, Electric Stove Connection, Washer Connection, Electric Dryer Connection
Exterior features
Deck, Private Yard
Fencing
Chain Link
Appliances
Range, Dishwasher, Refrigerator, Washer, Dryer
Lot features
Corner, Wooded, Level, Sloping
View
City, Lake
Elementary school
Suncrest Elementary
Middle school
Suncrest Middle
High school
Morgantown High
Elementary school district
Monongalia
Middle school district
Monongalia
High school district
Monongalia
Directions
From University Ave, turn on to Beverly Ave. Proceed approx 900 feet to subject property on the right.
Subdivision
Monongalia/Morgantown
Standard status
Active
Size
3,054 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BL 30 LOTS 30, 31 512 BEVERLY AVENUE
Tax Annual Amount
4052
Legal Description
BL 30 LOTS 30, 31 512 BEVERLY AVENUE
Utilities
Heating system
Electric (Heating), Hot Water(Heating), Baseboard
Cooling system
Ceiling Fan(s), Window Unit(s)
Building Details
Year built
1961
Floors in Building
2
Number of units
2
Flooring type
Carpet - Full, Concrete, Wood
Building materials
Block
Roof type
Shingle
Architectural style
Cape Cod
Listing Agency:
J.S. WALKER ASSOCIATES
(304) 296-0074
Listed By:
LAURA TIGHE
(304) 216-5272
Added: Jul 6
Changed: Aug 2
Last Checked: Aug 19 at 7:06AM
MLS# 10165595
Copyright © 2026 North Central West Virginia Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2-unit duplex offers a well-maintained income property configuration with both units currently leased through May 15, 2027. The home features a Cape Cod style with block construction, a shingle roof, and a basement. Interior connections include gas and electric stove hookups, washer and electric dryer connections, and a mix of flooring including concrete, carpet, and wood. Heating is electric with hot water/baseboard, and cooling is provided by window units and ceiling fans.
Outdoor space includes a deck and a private yard, along with chain-link fencing. Parking is available as off-street.
The property sits on a 0.34-acre lot and was built in 1961. Zoning is listed as Two Family & Multi-Family.
Outdoor space includes a deck and a private yard, along with chain-link fencing. Parking is available as off-street.
The property sits on a 0.34-acre lot and was built in 1961. Zoning is listed as Two Family & Multi-Family.
Key Highlights
- 2 units leased through May 15, 2027
- 0.34‑acre lot with private yard and deck
- Off‑street parking and chain‑link fencing
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,911
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$378,220
$378.2K
Cap Rate 7%
$270,157
$270.2K
Cap Rate 9%
$210,122
$210.1K
Market Conditions
NOI Build-Up for 3,054 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.5K $9.00/SF
− Vacancy
−$470 −$0.15/SF
EGI
$27.0K $8.85/SF
− OpEx
−$8.1K −$2.65/SF
NOI
$18.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$378,220
Cap Rate 7%
$270,157
Cap Rate 9%
$210,122
Alternative Uses
Best Use
Multifamily LT 5
$270.2K
$236.4K – $315.2K
NOI $18,911 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$248.8K
$217.7K – $290.3K
NOI $17,418 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$880.4K
$770.4K – $1.03M
NOI $61,630 @ 7.0% cap · market cap 15.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
566
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each unit is leased through May 15, 2027, and the duplex includes a deck, private yard, and off-street parking.
Where is this duplex located?
The property is located at 512 Beverly Avenue Morgantown, WV.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 2 units leased through May 15, 2027; 0.34‑acre lot with private yard and deck; Off‑street parking and chain‑link fencing
