Two-Unit Cape Cod
For Sale
Under Contract
$395,000
512 Beverly Avenue, Morgantown, WV 26505
Multi-Unit/Income, Cape Cod, Morgantown, WV
Property Size3,054 SF
Lot Size0.34 Acres
Price / SF$129.34
Days on Market93
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 5, Bedroom 1, Bathroom 3, Basement, Bathroom 1, Bedroom 4, Bedroom 7, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 6
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
Lake, City
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 Under Contract
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
Baseboard, Hot Water(Heating), Electric (Heating)
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: Sep 12
Last Checked: Oct 6 at 11:06AM
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 Cape Cod-style duplex offers 3,054 square feet across two residential units on a 0.34-acre lot. Built in 1961 with block construction and a shingle roof, the property includes wood, concrete, and carpet flooring, along with decks, a private yard, and chain-link fencing. Each unit has access to cooking and laundry connections, and the property includes ranges, dishwashers, refrigerators, washers, and dryers.
Both units are currently leased through May 15, 2027, providing an established rental arrangement. Off-street parking serves the property, which is located near downtown WVU campus in Morgantown’s Sunnyside area. The property is zoned Two Family & Multi-Family and includes hot-water, electric, and baseboard heating, plus window-unit cooling and ceiling fans.
Both units are currently leased through May 15, 2027, providing an established rental arrangement. Off-street parking serves the property, which is located near downtown WVU campus in Morgantown’s Sunnyside area. The property is zoned Two Family & Multi-Family and includes hot-water, electric, and baseboard heating, plus window-unit cooling and ceiling fans.
Key Highlights
- Two‑unit duplex with both units leased through May 15, 2027
- 3,054 square feet on a 0.34‑acre lot
- Two Family & Multi‑Family zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,911
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
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
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 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
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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 - Both units are leased through May 15, 2027, with off-street parking and proximity to downtown WVU campus.
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: Two‑unit duplex with both units leased through May 15, 2027; 3,054 square feet on a 0.34‑acre lot; Two Family & Multi‑Family zoning
