Detached Duplex with Three
For Sale
$223,800
565 E Brockway Avenue, Morgantown, WV 26501
Leased two-unit property with separate electrical panels, shared laundry, and outdoor space across three lots.
Property Size1,773 SF
Price / SF$126.23
Days on Market82
Property Features for 565 E Brockway Avenue
General Information
Standard status
Active
Size
1,773 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA + 2 bonus rooms, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$27,600
Amenities
garden area
side yard
backyard access
decks/porches
shared basement with washer/dryer
Building Details
Year Built
1910
Buildings
1
Listing Agency:
SNIDER REALTY GROUP
Listed By:
Mindy Tatar · License #4082
(304) 216-9968
Source:
Deepcreeksales
Added: Jul 25
Changed: Oct 1
Last Checked: Oct 11 at 3:34AM
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 SNIDER REALTY GROUP
Investment Insights
Based on property information with market context.
This detached duplex at 565 E Brockway Avenue includes two separately leased units. Unit A occupies 3 floors with 3 bedrooms, 1 bath, and two bonus rooms; improvements include LVP flooring installed in 2021 and a hot water heater replaced in 2024. Unit B is a 1-bedroom lower-level apartment with updated bathroom and kitchen flooring from 2025 and a new water heater from 2026.
The property spans 3 lots and provides a garden area, side yard, backyard access to Pennsylvania Ave, and 3 decks or porches. A shared basement contains a washer and dryer, while separate electrical panels serve the units. Tenants pay gas and electric; the owner pays water and garbage. Unit A is leased through June 2027, and Unit B through May 2027. The current letter of compliance is valid until August 2028.
The property spans 3 lots and provides a garden area, side yard, backyard access to Pennsylvania Ave, and 3 decks or porches. A shared basement contains a washer and dryer, while separate electrical panels serve the units. Tenants pay gas and electric; the owner pays water and garbage. Unit A is leased through June 2027, and Unit B through May 2027. The current letter of compliance is valid until August 2028.
Key Highlights
- Detached duplex on 3 lots with garden area, side yard, and backyard access to Pennsylvania Ave
- Unit A offers 3 floors, 3 bedrooms, 1 bath, and two bonus rooms
- Unit A leased through June 2027; Unit B leased through May 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,979
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,580
$219.6K
Cap Rate 7%
$156,843
$156.8K
Cap Rate 9%
$121,989
$122.0K
Market Conditions
NOI Build-Up for 1,773 SF
Gross rent
$16.0K $9.00/SF
− Vacancy
−$273 −$0.15/SF
EGI
$15.7K $8.85/SF
− OpEx
−$4.7K −$2.65/SF
NOI
$11.0K $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%
$219,580
Cap Rate 7%
$156,843
Cap Rate 9%
$121,989
Alternative Uses
Best Use
Multifamily LT 5
$156.8K
$137.2K – $183.0K
NOI $10,979 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$144.5K
$126.4K – $168.5K
NOI $10,112 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$511.1K
$447.2K – $596.3K
NOI $35,779 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,369
Businesses Nearby
Explore this area
Business Placement
Demographics for 26501, WV
19,200
Population
9,541
Households
2
Avg Household Size
38
Median Age
45%
College-Educated
94%
High-School Grad
58.5 sq mi
ZIP Area
328
Density / Sq Mi
$62,173
Median Household Income
$34,949
Median Earnings
$914
Median Rent
$213,000
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 - Leased two-unit property with separate electrical panels, shared laundry, and outdoor space across three lots.
Where is this duplex located?
The property is located at 565 E Brockway Avenue Morgantown, WV.
What is the asking price?
The asking price for this property is $223,800.
What are key features of this property?
This property features: Detached duplex on 3 lots with garden area, side yard, and backyard access to Pennsylvania Ave; Unit A offers 3 floors, 3 bedrooms, 1 bath, and two bonus rooms; Unit A leased through June 2027; Unit B leased through May 2027
