Duplex with Two 3-Bed
621-623 East Moler Avenue Martinsburg, WV 25404
621-623 East Moler Avenue, Martinsburg, WV, 25404
$299,900
For Sale
$299,900
Well-maintained duplex with two separate 3-bedroom units, including one month-to-month lease and one one-year lease.
Property Size2,672 SF
Price / SF$112.24
Days on Market28
Property Features for 621-623 East Moler Avenue
General Information
- Standard status
- Active
- Size
- 2,672 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1890
Listing agency
Long & Foster Real Estate, Inc.
(304) 279-3863
Listed by
Butch Cazin · License #WV0015220
(304) 279-3863
Source
Compass
Added: Jun 25 Updated: Jul 21 at 7:26AM Checked: Jul 21 at 7:26AM
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 well-maintained duplex contains two separate residential units, each offering three bedrooms. The property is configured for independent occupancy, providing a built-in split between the two living spaces.
The duplex is located in Martinsburg, within city limits in Berkeley County. It is described as being near local amenities, shopping, dining, commuter routes, and employment opportunities.
One unit is currently leased on a month-to-month basis, while the second unit is secured with a one-year lease, offering both flexibility and near-term income stability for the right buyer.
The duplex is located in Martinsburg, within city limits in Berkeley County. It is described as being near local amenities, shopping, dining, commuter routes, and employment opportunities.
One unit is currently leased on a month-to-month basis, while the second unit is secured with a one-year lease, offering both flexibility and near-term income stability for the right buyer.
Key Highlights
- Well‑maintained duplex in Martinsburg, WV with two separate 3‑bedroom units
- One unit is leased on a month‑to‑month basis
- Second unit is secured with a one‑year lease for rental income stability
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 | $18.9k | $7.08 |
| − Vacancy | −$755 | −$0.28 |
| EGI | $18.2k | $6.80 |
| − OpEx | −$5.4k | −$2.04 |
| NOI | $12.7k | $4.76 |
2,672 SF · lease $7.08/SF/yr · vacancy 3.99% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$181.6K
$158.9K – $211.9K
NOI $12,714 @ 7.0% cap · market cap 4.24%
Second Best
Apartment 5plus
$166.5K
$145.7K – $194.3K
NOI $11,657 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$483.7K
$423.3K – $564.3K
NOI $33,860 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with two separate 3-bedroom units, including one month-to-month lease and one one-year lease.
Where is this duplex located?
The property is located at 621-623 East Moler Avenue Martinsburg, WV.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Well‑maintained duplex in Martinsburg, WV with two separate 3‑bedroom units; One unit is leased on a month‑to‑month basis; Second unit is secured with a one‑year lease for rental income stability
