Three-Unit Residential
574 Pennsylvania Avenue, Morgantown, WV 26501
For Sale
$149,000
Under Contract
Multi-Unit/Income, Traditional, Two Story, Morgantown, WV
Property Size1,797 SF
Lot Size0.06 Acres
Price / SF$82.92
Days on Market97
Property Features for 574 Pennsylvania Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Interior features
Exterior features
Appliances
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
THE AGENCY - MORGANTOWN
(304) 212-2500
Listed By:
ZECH BEARD · License WV WV0028796
(304) 777-9343
Added: Aug 10
Changed: Oct 27
Last Checked: Nov 14 at 12:06AM
MLS# 10166353
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.
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Investment Insights
Based on property information with market context.
This three-unit residential property contains a combined 1,797 square feet and offers a varied bedroom configuration across the units. The layout includes one three-bedroom unit, one two-bedroom unit, and one one-bedroom unit, with each unit providing one full bathroom. Interior features include washer, dryer, electric stove, and appliance connections, while supplied appliances include a range, refrigerator, washer, and dryer. Vinyl and full carpeting are used throughout, with baseboard heat and window-unit cooling.
The property sits on a 0.057-acre lot and includes a porch, frame construction, and a shingle roof. Built in 1911, it is currently vacant. Special Business zoning applies to the property, which is located at 574 Pennsylvania Avenue in Morgantown, West Virginia.
The property sits on a 0.057-acre lot and includes a porch, frame construction, and a shingle roof. Built in 1911, it is currently vacant. Special Business zoning applies to the property, which is located at 574 Pennsylvania Avenue in Morgantown, West Virginia.
Key Highlights
- Three residential units with 3‑bedroom, 2‑bedroom, and 1‑bedroom layouts
- 1,797 square feet on a 0.057‑acre lot
- Each unit includes 1 full bathroom
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.
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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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Vacant triplex with varied unit layouts, residential amenities, and Special Business zoning.
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 $149,000.
What are key features of this property?
This property features: Three residential units with 3‑bedroom, 2‑bedroom, and 1‑bedroom layouts; 1,797 square feet on a 0.057‑acre lot; Each unit includes 1 full bathroom
