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Downtown Morgantown Three-Unit Rental

574 Pennsylvania Avenue Morgantown, WV 26501

574 Pennsylvania Avenue, Morgantown, WV, 26501
$149,900
For Sale
Claim this Listing
$149,900

MULTI_FAMILY - Morgantown, WV

Property Size1,790 SF
Lot Size0.06 Acres
Price / SF$83.74
AddedApr 27
Days on Market80
Last RefreshJul 15 at 3:06 am

Property Features for 574 Pennsylvania Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 6, Bedroom 5, Bathroom 2
Patio and Porch features
Porch
Interior features
Washer Connection
Exterior features
Porch
Appliances
Range, Refrigerator, Washer, Dryer
Standard status
Active
Size
1,790 SF
Lot size
0.06 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
BL 12, LOT 20 574 PENNSYLVANIA AVE
Tax Annual Amount
1621

Utilities

Heating system
Electric (Heating), Baseboard
Cooling system
Window Unit(s)

Building Details

Year built
1911
Floors in Building
3
Number of units
3
Flooring type
Carpet - Full
Building materials
Frame
Roof type
Shingle
Architectural style
Other

Listing agent NANCY FURBY License #WV0012623

Listing office ALL SERVICE REALTY, INC 5923 Main Street, WESTON, WV

Listing date Apr 27, 2026

MLS# 10163188 Listing URL

Copyright © 2026 North Central West Virginia Real Estate Information Network. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This three-story, three-unit rental property is located in downtown Morgantown. The building has separate utilities for each unit. A common laundry room is available for all units on the first floor. The property has a size of 1790 square feet and is situated on a lot of 0.057 acres.

Key Highlights

  • 3‑Unit Rental Property in Downtown Morgantown
  • All Utilities Separated
  • Common Laundry Room

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $16.1k $9.00
− Vacancy −$275 −$0.15
EGI $15.8k $8.85
− OpEx −$4.8k −$2.65
NOI $11.1k $6.19
1,790 SF · lease $9.00/SF/yr · vacancy 1.71% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$158.3K
$138.6K – $184.7K (±1% cap)
NOI $11,084 @ 7.0% cap · market cap 7.39%
Second Best
Apartment 5plus
$145.8K
$127.6K – $170.2K (±1% cap)
NOI $10,209 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$516.0K
$451.5K – $602.0K (±1% cap)
NOI $36,122 @ 7.0% cap · market cap 24.10%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Building Supply Big Box & Wholesale Store Real Estate Agency Dental Office Pharmacy Auto Parts Store HVAC Service Nail Salon Auto Repair Shop Garden Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Three-story, three-unit rental property in downtown Morgantown.
Where is this triplex located?
The property is located at 574 Pennsylvania Avenue Morgantown, WV.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 3‑Unit Rental Property in Downtown Morgantown; All Utilities Separated; Common Laundry Room
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