Duplex with Two Leased
For Sale
$285,000
605 607 Junction Street, Morgantown, WV 26505
Two occupied residences have leases extending into 2027, with separate utility arrangements and off-street parking.
Property Size1,781 SF
Price / SF$160.02
Days on Market96
Property Features for 605 607 Junction Street
General Information
Standard status
Active
Size
1,781 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
1 x 3BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$29,700
Building Details
Year Built
1930
Buildings
1
Tenancy
Multi
Listing Agency:
BEL-CROSS PROPERTIES, LLC
Listed By:
Destiny Sylvester · License #3690
(304) 685-9287
Source:
Deepcreeksales
Added: Jul 26
Changed: Oct 25
Last Checked: Oct 26 at 1:06PM
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 BEL-CROSS PROPERTIES, LLC
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Investment Insights
Based on property information with market context.
Built in 1930, this 1,781-square-foot duplex contains two leased residential units. One residence offers three bedrooms, one bathroom, a large living room, and a sunroom. The second unit includes one bathroom, hardwood flooring in the living room and kitchen, tile in the bathroom, central air, and a dedicated off-street parking space. Additional parking is available on a first-come basis.
Lease terms extend through July 22, 2027, for one unit and May 20, 2027, for the other. Utility responsibilities differ by residence: tenants cover all utilities in one unit, while gas, water, sewer, and trash are included for the other. Tenants are responsible for lawn care. The property is near downtown Morgantown, WVU, Ruby Memorial Hospital, Mon Health Medical Center, shopping, dining, and major employers.
Lease terms extend through July 22, 2027, for one unit and May 20, 2027, for the other. Utility responsibilities differ by residence: tenants cover all utilities in one unit, while gas, water, sewer, and trash are included for the other. Tenants are responsible for lawn care. The property is near downtown Morgantown, WVU, Ruby Memorial Hospital, Mon Health Medical Center, shopping, dining, and major employers.
Key Highlights
- Two‑unit duplex totaling 1,781 SF
- Constructed in 1930
- One unit leased through July 22, 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,028
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two occupied residences have leases extending into 2027, with separate utility arrangements and off-street parking.
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‑unit duplex totaling 1,781 SF; Constructed in 1930; One unit leased through July 22, 2027
