Rented Duplex With Central
For Sale
$100,000
523 Hornor Avenue, Clarksburg, WV 26301
Two occupied units feature updated roofing, climate control, outdoor space, and access to downtown services and transit.
Property Size2,250 SF
Days on Market121
Property Features for 523 Hornor Avenue
General Information
Standard status
Active
Size
2,250 SF
Property subtype
Multi Family Home
Zoning
Neighborhood Residential
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
covered porch
back deck
spacious yard
Building Details
Building Size
2,250 SF
Year Built
1910
Buildings
1
Stories
2
Units
2
Listing Agency:
Trinity Realty Group
(304) 566-1550
Listed By:
Elijah Hines
(304) 816-6338
Source:
Oliveriorealty
Added: May 7
Changed: Aug 30
Last Checked: Aug 31 at 5:09PM
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 Trinity Realty Group
Investment Insights
Based on property information with market context.
This 1910 duplex contains two residential units, both currently rented. Each unit has central heating and cooling, while the property also includes a covered porch, rear deck, and spacious yard. The roof was replaced approximately two years ago, adding a recent building improvement to the property’s physical profile.
Located at 523 Hornor Avenue in Clarksburg, the duplex is near schools, a library, convenience stores, public transportation, downtown Clarksburg, and Rt. 50. The property is zoned Neighborhood Residential. Showings require 24-hour notice, and measurements are approximate.
Located at 523 Hornor Avenue in Clarksburg, the duplex is near schools, a library, convenience stores, public transportation, downtown Clarksburg, and Rt. 50. The property is zoned Neighborhood Residential. Showings require 24-hour notice, and measurements are approximate.
Key Highlights
- Two‑unit duplex with both units currently rented
- Roof replaced approximately 2 years ago
- Central heating and cooling in each unit
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
$8,820
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
8.82%
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%
$176,400
$176.4K
Cap Rate 7%
$126,000
$126.0K
Cap Rate 9%
$98,000
$98.0K
Market Conditions
NOI Build-Up for 2,250 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
$16.7K $7.44/SF
− Vacancy
−$703 −$0.31/SF
EGI
$16.0K $7.13/SF
− OpEx
−$7.2K −$3.21/SF
NOI
$8.8K $3.92/SF
Area
Harrison County, WV
Vacancy
4.20%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
45.00%
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%
$176,400
Cap Rate 7%
$126,000
Cap Rate 9%
$98,000
Alternative Uses
Best Use
Multifamily LT 5
$137.4K
$120.2K – $160.3K
NOI $9,617 @ 7.0% cap · market cap 9.62%
Second Best
Apartment 5plus
$126.0K
$110.3K – $147.0K
NOI $8,820 @ 7.0% cap · market cap 8.82%
Theoretical Best
Specialty Retail
$445.2K
$389.5K – $519.4K
NOI $31,163 @ 7.0% cap · market cap 31.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
Explore this area
Business Placement
Demographics for 26301, WV
28,586
Population
13,875
Households
2.1
Avg Household Size
42
Median Age
22%
College-Educated
86%
High-School Grad
77.1 sq mi
ZIP Area
371
Density / Sq Mi
$49,773
Median Household Income
$34,594
Median Earnings
$772
Median Rent
$123,500
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 - Two occupied units feature updated roofing, climate control, outdoor space, and access to downtown services and transit.
Where is this duplex located?
The property is located at 523 Hornor Avenue Clarksburg, WV.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Two‑unit duplex with both units currently rented; Roof replaced approximately 2 years ago; Central heating and cooling in each unit
