Brick Quadplex with Townhouse
New
For Sale
$325,000
514 East Avenue, South Charleston, WV 25309
Four townhouse residences provide two bedrooms, one bath, and kitchen laundry hookups in each unit.
Property Size3,600 SF
Price / SF$90.28
Days on Market7
Property Features for 514 East Avenue
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Residential Income
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,955
Amenities
washer/dryer hookup
Building Details
Construction
brick
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 22
Last Checked: Sep 22 at 1:40PM
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.
Located at 514 East Avenue in South Charleston, this 3,600-square-foot quadplex contains four brick townhouse residences. Each unit is arranged with two bedrooms and one bathroom, while washer and dryer hookups are provided in the kitchen. The property offers a consistent four-unit configuration suited to residential income use.
Access is available from MacCorkle, Kanawha Turnpike, and Dunbar Bridge, providing several approach routes to the property. The address is in South Charleston, West Virginia, within ZIP code 25309.
Access is available from MacCorkle, Kanawha Turnpike, and Dunbar Bridge, providing several approach routes to the property. The address is in South Charleston, West Virginia, within ZIP code 25309.
Key Highlights
- Four brick townhouse units in one quadplex
- Each unit includes 2 bedrooms and 1 bath
- Washer/dryer hookup located in each kitchen
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
$24,624
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
7.58%
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%
$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
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
$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 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%
$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
Lease Details
4
Residential units
Yes
Paved road access
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four townhouse residences provide two bedrooms, one bath, and kitchen laundry hookups in each unit.
Where is this quadplex located?
The property is located at 514 East Avenue 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 in one quadplex; Each unit includes 2 bedrooms and 1 bath; Washer/dryer hookup located in each kitchen
