Two-Unit Duplex
For Sale
$289,900
621 621/623 E Moler Ave, Martinsburg, WV 25404
Separate residences offer flexible leasing and owner-occupancy options in Martinsburg.
Property Size2,672 SF
Price / SF$108.50
Days on Market64
Property Features for 621 621/623 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
Building Details
Year Built
1890
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Butch Cazin · License #WV0015220
(304) 279-3863
Source:
Kableteam
Added: Aug 13
Changed: Oct 4
Last Checked: Oct 7 at 4:13PM
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 2,672 square feet arranged as two separate three-bedroom residences. The property was built in 1890, with each unit providing its own living arrangement within the building. The configuration supports continued rental use or an owner-occupancy strategy alongside a leased unit.
Located in Martinsburg, WV, the property is near shopping, dining, local amenities, commuter routes, and employment opportunities. Lease terms provide varied occupancy timing: one residence is rented month to month, while the other is subject to a one-year lease.
Located in Martinsburg, WV, the property is near shopping, dining, local amenities, commuter routes, and employment opportunities. Lease terms provide varied occupancy timing: one residence is rented month to month, while the other is subject to a one-year lease.
Key Highlights
- Two‑unit duplex with two 3‑bedroom residences
- 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.
How Realmo checks its estimates
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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
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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 - Separate residences offer flexible leasing and owner-occupancy options in Martinsburg.
Where is this duplex located?
The property is located at 621 621/623 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‑unit duplex with two 3‑bedroom residences; 2,672 square feet of total property size; One unit leased month to month
