Four-Unit Brick Townhouse
For Sale
$325,000
Pending
514 East Ave, South Charleston, WV 25309
Each residence offers two bedrooms, one bathroom, and kitchen connections for a washer and dryer.
Property Size3,600 SF
Days on Market19
Property Features for 514 East Ave
General Information
Standard status
Pending
Size
3,600 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$1,955
Listing Agency:
Better Homes and Gardens Real Estate Central
(304) 201-7653
Listed By:
Steven Romano · License #0028554
(304) 952-4978
Source:
Exprealty
Added: Sep 18
Changed: Sep 28
Last Checked: Oct 5 at 11:06PM
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 Better Homes and Gardens Real Estate Central
Investment Insights
Based on property information with market context.
This four-unit property is made up of brick townhouses, with each residence configured with two bedrooms and one bathroom. Kitchen areas include washer and dryer hookups. The building contains 3,600 square feet.
Access is available via MacCorkle, Kanawha Turnpike, or Dunbar Bridge.
Access is available via MacCorkle, Kanawha Turnpike, or Dunbar Bridge.
Key Highlights
- Four brick townhouse units
- Each unit has two bedrooms and one bathroom
- Washer and dryer hookups in each kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,624
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,480
$492.5K
Cap Rate 7%
$351,771
$351.8K
Cap Rate 9%
$273,600
$273.6K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$36.7K $10.20/SF
− Vacancy
−$1.5K −$0.43/SF
EGI
$35.2K $9.77/SF
− OpEx
−$10.6K −$2.93/SF
NOI
$24.6K $6.84/SF
Area
Kanawha County, WV
Vacancy
4.20%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,480
Cap Rate 7%
$351,771
Cap Rate 9%
$273,600
Alternative Uses
Best Use
Multifamily LT 5
$351.8K
$307.8K – $410.4K
NOI $24,624 @ 7.0% cap · market cap 7.58%
Second Best
Apartment 5plus
$331.6K
$290.2K – $386.9K
NOI $23,214 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$793.9K
$694.7K – $926.2K
NOI $55,572 @ 7.0% cap · market cap 17.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
Explore this area
Business Placement
Demographics for 25309, WV
13,146
Population
5,867
Households
2.2
Avg Household Size
44
Median Age
26%
College-Educated
92%
High-School Grad
31.1 sq mi
ZIP Area
423
Density / Sq Mi
$52,920
Median Household Income
$40,732
Median Earnings
$767
Median Rent
$142,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Quadplex - Each residence offers two bedrooms, one bathroom, and kitchen connections for a washer and dryer.
Where is this quadplex located?
The property is located at 514 East Ave South Charleston, WV.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Four brick townhouse units; Each unit has two bedrooms and one bathroom; Washer and dryer hookups in each kitchen
