Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Morgantown Three-Unit Rental Title is generated by Realmo AI

    574 Pennsylvania Avenue, Morgantown, WV 26501

    View on Map
    Claim this Listing
    For Sale
    $149,900

    MULTI_FAMILY - Morgantown, WV

    Property size:
    1,790 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $83/SF
    Added:
    Apr 27, 2026
    Days on Market:
    34
    Last Refresh:
    May 30 at 1:06 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

    We can help!

    Listing Contact
    NANCY FURBY
    NANCY FURBY

    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.

    HighLights

    • 3‑Unit Rental Property in Downtown Morgantown
    • All Utilities Separated
    • Common Laundry Room
    • Includes Range and Refrigerator
    • Porch
    • Washer and Dryer Included

    Overview

    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.

    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 Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Morgantown
    County
    Monongalia
    State
    West Virginia
    Longitude
    -79.948293
    Latitude
    39.627102

    Nearby Similar for Sale

    • $1,275,000
      10,296 SF

      Fully Leased Morgantown Office Building

      Exceptional commercial office building in Cheat Lake, fully leased.
      230-270 Lakewood Center, Morgantown, WV 26508
      View Details
    • $1,375,000
      6,912 SF

      Morgantown Apartment Building Near WVU

      Eleven-unit apartment building near WVU Medical Center and stadium.
      484 Inglewood Boulevard, Morgantown, WV 26505
      View Details
    • $464,000
      2,956 SF

      Updated Duplex Near Hospital

      Well-maintained duplex in Suncrest, close to amenities and hospital.
      784 & 786 Alpine Street, Morgantown, WV 26501
      View Details
    • $1,625,000
      12,477 SF

      Historic Morgantown Mixed-Use Property

      Fully leased mixed-use property with restaurant and apartments in Morgantown.
      156 Clay Street, Morgantown, WV 26501
      View Details
    • $299,900
      4,800 SF

      Turnkey Bar/Restaurant Business Opportunity

      Established Morgantown bar/restaurant business for sale with equipment and license.
      325 High Street, Morgantown, WV 26505
      View Details
    • $215,000
      1,580 SF

      Income-Producing Properties Near WVU

      Two fully leased properties near WVU, a turnkey investment opportunity.
      1024 Cayton Street, Morgantown, WV 26505
      View Details
    • $700,000
      5,180 SF

      Morgantown Mixed-Use Corner Lot

      Commercial building on busy corner lot, suitable for various businesses.
      1433 Dorsey Avenue, Morgantown, WV 26501
      View Details
    • $165,000
      2,794 SF

      Leased Multi-Unit Investment Opportunity

      Fully leased multi-unit property near downtown Morgantown.
      444 Dorsey Avenue, Morgantown, WV 26501
      View Details
    • $165,950
      1,768 SF

      Updated Duplex in Woodburn Neighborhood

      Updated duplex in Morgantown's historic Woodburn neighborhood, near WVU.
      839-843 Miller Street, Morgantown, WV 26505
      View Details
    • $2,200,000
      41,600 SF

      Morgantown Mixed-Use Commercial Property

      7 acres with three buildings near Cheat Lake and Morgantown.
      951 Point Marion Road, Morgantown, WV 26508
      View Details
    • $325,000
      1,860 SF

      Renovated Multifamily Property Near WVU

      Leased, renovated 5-bedroom property near WVU Downtown Campus.
      289 Wiles Street, Morgantown, WV 26505
      View Details
    • $700,000
      5,180 SF

      Morgantown Commercial Building For Sale

      Commercial building in Morgantown, suitable for office or retail.
      1433 Dorsey Ave, Morgantown, WV 26501
      View Details

    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
    (304) 266-7291
    We can help!
    Listing Contact
    NANCY FURBY
    NANCY FURBY
    Real Estate License ID: WV0012623
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    574 Pennsylvania Avenue, Morgantown, WV 26501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!