Five-Unit Apartment
5137 Bull Creek Road, Parkersburg, WV 26104
For Sale
$248,500
Five rental residences offer in-unit laundry, with residents covering gas and electricity while ownership provides water and trash service.
Property Size4,620 SF
Price / SF$53.79
Days on Market81
Property Features for 5137 Bull Creek Road
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
laundry capabilities
Building Details
Building Size
Year Built
Buildings
Units
Listing Agency:
Douglass & Co Real Estate Team
(681) 229-1415
Listed By:
Debbie Douglass
(304) 615-4127
Source:
Kimberlysrealtycorp
Added: Aug 26
Changed: Nov 12
Last Checked: Nov 13 at 9:37AM
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 Douglass & Co Real Estate Team
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Investment Insights
Based on property information with market context.
The 4,620-square-foot apartment property contains five units: three two-bedroom, 1.5-bath apartments and two one-bedroom, one-bath apartments. Each residence has laundry capability. A roof replacement was completed in 2026, and the building dates to 1981.
Outside Parkersburg city limits, the property is located at 5137 Bull Creek Road. Tenants pay gas and electric costs; the owner covers water and trash. Viewings require 48 hours’ notice.
Outside Parkersburg city limits, the property is located at 5137 Bull Creek Road. Tenants pay gas and electric costs; the owner covers water and trash. Viewings require 48 hours’ notice.
Key Highlights
- Five apartments: three two‑bedroom, 1.5‑bath units and two one‑bedroom, one‑bath units
- 4,620 square feet; built in 1981
- New roof installed in 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,851
Cap Rate
7.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,020
$377.0K
Cap Rate 7%
$269,300
$269.3K
Cap Rate 9%
$209,456
$209.5K
Market Conditions
NOI Build-Up for 4,620 SF
Gross rent
$36.6K $7.92/SF
− Vacancy
−$2.3K −$0.50/SF
EGI
$34.3K $7.42/SF
− OpEx
−$15.4K −$3.34/SF
NOI
$18.9K $4.08/SF
Area
Wood County, WV
Vacancy
6.33%
Lease Rate
$7.92 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$377,020
Cap Rate 7%
$269,300
Cap Rate 9%
$209,456
Alternative Uses
Best Use
Apartment 5plus
$269.3K
$235.6K – $314.2K
NOI $18,851 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,148 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
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Business Placement
Demographics for 26104, WV
16,763
Population
8,351
Households
2
Avg Household Size
44
Median Age
25%
College-Educated
92%
High-School Grad
37.0 sq mi
ZIP Area
453
Density / Sq Mi
$51,695
Median Household Income
$40,262
Median Earnings
$720
Median Rent
$164,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Five rental residences offer in-unit laundry, with residents covering gas and electricity while ownership provides water and trash service.
Where is this apartment building located?
The property is located at 5137 Bull Creek Road Parkersburg, WV.
What is the asking price?
The asking price for this property is $248,500.
What are key features of this property?
This property features: Five apartments: three two‑bedroom, 1.5‑bath units and two one‑bedroom, one‑bath units; 4,620 square feet; built in 1981; New roof installed in 2026
