Three-Unit Residential
For Sale
$149,000
574 Pennsylvania Ave, Morgantown, WV 26501
Vacant triplex with a varied bedroom mix across three residential units.
Property Size1,797 SF
Price / SF$82.92
Days on Market58
Property Features for 574 Pennsylvania Ave
General Information
Standard status
Active
Size
1,797 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$1,619
Listing Agency:
THE AGENCY - MORGANTOWN
Listed By:
Zech Beard · License #WV0028796
(304) 777-9343
Source:
Exprealty
Added: Aug 10
Changed: Oct 5
Last Checked: Oct 6 at 12:07AM
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 THE AGENCY - MORGANTOWN
Investment Insights
Based on property information with market context.
This triplex contains three separate residential units with a combined property size of 1,797 SF. The unit mix includes a three-bedroom, one-bath unit; a two-bedroom, one-bath unit; and a one-bedroom, one-bath unit.
The property is currently vacant, allowing the next owner to evaluate leasing, renovations, or repositioning plans for the existing configuration. Located at 574 Pennsylvania Ave in Morgantown, WV, the asset offers three distinct unit layouts within one multifamily property.
The property is currently vacant, allowing the next owner to evaluate leasing, renovations, or repositioning plans for the existing configuration. Located at 574 Pennsylvania Ave in Morgantown, WV, the asset offers three distinct unit layouts within one multifamily property.
Key Highlights
- Three residential units in one triplex
- Unit mix includes 3‑bedroom, 2‑bedroom, and 1‑bedroom layouts
- Each unit includes 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,128
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$222,560
$222.6K
Cap Rate 7%
$158,971
$159.0K
Cap Rate 9%
$123,644
$123.6K
Market Conditions
NOI Build-Up for 1,797 SF
Gross rent
$16.2K $9.00/SF
− Vacancy
−$277 −$0.15/SF
EGI
$15.9K $8.85/SF
− OpEx
−$4.8K −$2.65/SF
NOI
$11.1K $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%
$222,560
Cap Rate 7%
$158,971
Cap Rate 9%
$123,644
Alternative Uses
Best Use
Multifamily LT 5
$159.0K
$139.1K – $185.5K
NOI $11,128 @ 7.0% cap · market cap 7.47%
Second Best
Apartment 5plus
$146.4K
$128.1K – $170.8K
NOI $10,249 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$518.1K
$453.3K – $604.4K
NOI $36,264 @ 7.0% cap · market cap 24.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,239
Businesses Nearby
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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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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?
Triplex - Vacant triplex with a varied bedroom mix across three residential units.
Where is this triplex located?
The property is located at 574 Pennsylvania Ave Morgantown, WV.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Three residential units in one triplex; Unit mix includes 3‑bedroom, 2‑bedroom, and 1‑bedroom layouts; Each unit includes 1 full bath
