Two-Unit Duplex with Leased
For Sale
$285,000
605 607 Junction Street, Morgantown, WV 26505
Multi-Unit/Income, Two Story, Morgantown, WV
Property Size1,781 SF
Lot Size0.26 Acres
Price / SF$160.02
Days on Market48
Property Features for 605 607 Junction Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Neighborhood Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 4, Basement, Bathroom 1
Parking features
Off Street
Patio and Porch features
Porch
Interior features
Washer Connection, Electric Dryer Connection, Walk-in Closets
Exterior features
Porch
Appliances
Range, Dishwasher, Refrigerator, Washer, Dryer
Lot features
Sloping
Elementary school
Suncrest Elementary
Middle school
Suncrest Middle
High school
Morgantown High
Elementary school district
Monongalia
Middle school district
Monongalia
High school district
Monongalia
Directions
From Downtown Morgantown Willey St turns slightly right and becomes University Ave 0.4 mi, Turn right onto Stewart St 0.5 mi, Turn right onto Junction St and Destination will be on the left
Subdivision
Monongalia/Morgantown
Standard status
Active
Size
1,781 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BL D PT LOTS 2, 3 & 4 or .1335 AC 607 JUNCTION ST
Tax Annual Amount
2548
Legal Description
BL D PT LOTS 2, 3 & 4 or .1335 AC 607 JUNCTION ST
Utilities
Heating system
Natural Gas
Cooling system
Ceiling Fan(s), Gas (Cooling), Central Air
Building Details
Year built
1930
Floors in Building
3
Number of units
2
Flooring type
Wood, Vinyl, Carpet - Full, Laminate
Building materials
Frame, Block
Roof type
Shingle
Architectural style
Other
Listing Agency:
BEL-CROSS PROPERTIES, LLC
(304) 296-7930
Listed By:
DESTINY SYLVESTER · License #WVS190300676
(304) 685-9287
Added: Jul 24
Changed: Sep 2
Last Checked: Sep 9 at 2:06AM
MLS# 10166067
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 two-unit duplex contains 1,781 square feet on a 0.26-acre parcel and was built in 1930. The property includes a three-bedroom, one-bath residence with a living room and sunroom, plus a second one-bath apartment with hardwood flooring in the living room and kitchen, tile flooring in the bathroom, central air, and a dedicated off-street parking space. Additional parking is available on a first-come basis. Interior features include walk-in closets, washer and electric dryer connections, and a range, dishwasher, refrigerator, washer, and dryer. The building has frame and block construction, a shingle roof, natural gas heat, and a porch.
Both units are leased, with terms extending through July 22, 2027, and May 20, 2027. The property is zoned Neighborhood Residential and is near downtown Morgantown, WVU, Ruby Memorial Hospital, Mon Health Medical Center, shopping, dining, and major employers.
Both units are leased, with terms extending through July 22, 2027, and May 20, 2027. The property is zoned Neighborhood Residential and is near downtown Morgantown, WVU, Ruby Memorial Hospital, Mon Health Medical Center, shopping, dining, and major employers.
Key Highlights
- Two leased units with terms extending through July 22, 2027, and May 20, 2027
- 1,781 square feet on a 0.26‑acre parcel
- Three‑bedroom, one‑bath residence with living room and sunroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,028
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$220,560
$220.6K
Cap Rate 7%
$157,543
$157.5K
Cap Rate 9%
$122,533
$122.5K
Market Conditions
NOI Build-Up for 1,781 SF
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.
Gross rent
$16.0K $9.00/SF
− Vacancy
−$274 −$0.15/SF
EGI
$15.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$220,560
Cap Rate 7%
$157,543
Cap Rate 9%
$122,533
Alternative Uses
Best Use
Multifamily LT 5
$157.5K
$137.9K – $183.8K
NOI $11,028 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$145.1K
$127.0K – $169.3K
NOI $10,158 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$513.4K
$449.3K – $599.0K
NOI $35,941 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Explore this area
Business Placement
Demographics for 26505, WV
39,057
Population
19,220
Households
2
Avg Household Size
27
Median Age
55%
College-Educated
93%
High-School Grad
12.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$42,275
Median Household Income
$24,042
Median Earnings
$942
Median Rent
$265,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story duplex with established occupancy, off-street parking, and convenient access to downtown, WVU, and area medical centers.
Where is this duplex located?
The property is located at 605 607 Junction Street Morgantown, WV.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two leased units with terms extending through July 22, 2027, and May 20, 2027; 1,781 square feet on a 0.26‑acre parcel; Three‑bedroom, one‑bath residence with living room and sunroom
