Two-Unit Duplex
For Sale
$289,900
621/623 E MOLER AVE, Martinsburg, WV 25404
Two separate three-bedroom residences offer flexible occupancy and existing lease arrangements.
Property Size2,672 SF
Price / SF$108.50
Days on Market50
Property Features for 621/623 E MOLER AVE
General Information
Standard status
Active
Size
2,672 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Listing Agency:
Long & Foster Real Estate, Inc.
(304) 263-7800
Listed By:
Butch Cazin · License #WV0015220
(304) 279-3863
Source:
Opal-realestate
Added: Aug 26
Changed: Oct 8
Last Checked: Oct 12 at 7:45PM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This duplex contains two separate three-bedroom residences within 2,672 square feet. The layout provides distinct living units suited to continued rental use or an owner-occupant arrangement with a second residence. One unit is leased month-to-month, while the other carries a one-year lease, creating different near-term occupancy timelines.
The property is located at 621/623 E Moler Ave in Martinsburg, West Virginia. Local shopping, dining, commuter routes, amenities, and employment opportunities are identified in the surrounding area. The address places the property in Martinsburg’s Eastern Panhandle market.
The property is located at 621/623 E Moler Ave in Martinsburg, West Virginia. Local shopping, dining, commuter routes, amenities, and employment opportunities are identified in the surrounding area. The address places the property in Martinsburg’s Eastern Panhandle market.
Key Highlights
- Two 3‑bedroom units in a duplex configuration
- 2,672 square feet of total property size
- One unit leased month‑to‑month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,714
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$254,280
$254.3K
Cap Rate 7%
$181,629
$181.6K
Cap Rate 9%
$141,267
$141.3K
Market Conditions
NOI Build-Up for 2,672 SF
Gross rent
$18.9K $7.08/SF
− Vacancy
−$755 −$0.28/SF
EGI
$18.2K $6.80/SF
− OpEx
−$5.4K −$2.04/SF
NOI
$12.7K $4.76/SF
Area
Berkeley County, WV
Vacancy
3.99%
Lease Rate
$7.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$254,280
Cap Rate 7%
$181,629
Cap Rate 9%
$141,267
Alternative Uses
Best Use
Multifamily LT 5
$181.6K
$158.9K – $211.9K
NOI $12,714 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$166.5K
$145.7K – $194.3K
NOI $11,657 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$483.7K
$423.3K – $564.3K
NOI $33,860 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Explore this area
Business Placement
Demographics for 25404, WV
23,034
Population
9,973
Households
2.3
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
37.9 sq mi
ZIP Area
608
Density / Sq Mi
$68,897
Median Household Income
$42,976
Median Earnings
$1,228
Median Rent
$226,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate three-bedroom residences offer flexible occupancy and existing lease arrangements.
Where is this duplex located?
The property is located at 621/623 E MOLER AVE Martinsburg, WV.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two 3‑bedroom units in a duplex configuration; 2,672 square feet of total property size; One unit leased month‑to‑month
