Two-Unit Duplex with New
For Sale
$125,900
610 Monroe Street, Charleston, WV 25302
ResidentialIncome, Charleston, WV
Property Size1,550 SF
Lot Size0.07 Acres
Price / SF$81.23
Days on Market151
Property Features for 610 Monroe Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Full bathrooms
2
Rooms
Bedroom 2, Basement, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 4
Parking features
Off Street
Appliances
Dishwasher, Oven, Range, Refrigerator
Elementary school
Shoals
Middle school
West Side
High school
Capital
Directions
North out of Charleston, Off Westmoreland exit take left on Cora then right on Hillsdale. Stay right all the way up the hill then left on Monroe. The house is on the right.
Subdivision
Charleston-West Side
Standard status
Active
APN
12-0019-0197-0000-0000
Size
1,550 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
LT 63 HILLSDALE ADN MONROE ST 610
Tax Annual Amount
1442
Expense value
1395
Expense
SecurityDeposit
Expense freq.
One Time
Legal Description
LT 63 HILLSDALE ADN MONROE ST 610
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s)
Water source
Public
Amenities
appliances
washer/dryer hookups
off-street parking
Building Details
Year built
1940
Number of units
2
Flooring type
Carpet, Tile, Hardwood
Building materials
Frame
Roof type
Composition, Shingle
Architectural style
Other
Listing Agency:
Better Homes and Gardens Real Estate Central
(304) 201-7653
Listed By:
Peggy White · License #0004384
(304) 395-0619
Added: Mar 26
Changed: Aug 19
Last Checked: Aug 23 at 4:06AM
MLS# 282641
Copyright © 2026 Kanawha Valley Board of Realtors. 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-story duplex contains two 2-bedroom, 1-bath units within approximately 1,550 square feet. Each residence includes a kitchen with a dishwasher, oven, range, and refrigerator, along with washer and dryer hookups. The upstairs unit adds a finished attic room for flexible use, while the lower unit provides partially unfinished basement storage and a remodeled bathroom. The property has a newly installed composition shingle roof.
Built in 1940 on 0.07 acres, the frame building includes hardwood, carpet, and tile flooring, natural gas forced-air heat, window-unit cooling, public water, and public sewer. Each unit has separate tenant-paid utilities. Off-street parking is available, with additional on-street parking as needed. The duplex is located at 610 Monroe Street in Charleston, near the Westmoreland Exit and within the Hillsdale addition area.
Built in 1940 on 0.07 acres, the frame building includes hardwood, carpet, and tile flooring, natural gas forced-air heat, window-unit cooling, public water, and public sewer. Each unit has separate tenant-paid utilities. Off-street parking is available, with additional on-street parking as needed. The duplex is located at 610 Monroe Street in Charleston, near the Westmoreland Exit and within the Hillsdale addition area.
Key Highlights
- Two 2‑bedroom, 1‑bath units in a 1,550‑square‑foot duplex
- Newly installed composition shingle roof
- Finished attic room in the upstairs unit
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
$10,602
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
8.42%
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%
$212,040
$212.0K
Cap Rate 7%
$151,457
$151.5K
Cap Rate 9%
$117,800
$117.8K
Market Conditions
NOI Build-Up for 1,550 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
$15.8K $10.20/SF
− Vacancy
−$664 −$0.43/SF
EGI
$15.1K $9.77/SF
− OpEx
−$4.5K −$2.93/SF
NOI
$10.6K $6.84/SF
Area
Kanawha County, WV
Vacancy
4.20%
Lease Rate
$10.20 /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%
$212,040
Cap Rate 7%
$151,457
Cap Rate 9%
$117,800
Alternative Uses
Best Use
Multifamily LT 5
$151.5K
$132.5K – $176.7K
NOI $10,602 @ 7.0% cap · market cap 8.42%
Second Best
Apartment 5plus
$142.8K
$124.9K – $166.6K
NOI $9,995 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$341.8K
$299.1K – $398.8K
NOI $23,927 @ 7.0% cap · market cap 19.00%
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
170
Businesses Nearby
Explore this area
Business Placement
Demographics for 25302, WV
14,307
Population
7,676
Households
1.9
Avg Household Size
44
Median Age
34%
College-Educated
93%
High-School Grad
12.4 sq mi
ZIP Area
1,154
Density / Sq Mi
$55,525
Median Household Income
$33,488
Median Earnings
$875
Median Rent
$148,500
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 residential income property with separate utilities, appliance-equipped kitchens, and off-street parking.
Where is this duplex located?
The property is located at 610 Monroe Street Charleston, WV.
What is the asking price?
The asking price for this property is $125,900.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units in a 1,550‑square‑foot duplex; Newly installed composition shingle roof; Finished attic room in the upstairs unit
