Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    627 Virginia Avenue Martinsburg, WV 25401

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $350,000

    Triplex featuring a single-family home and a duplex.

    Type:Multi-Family / Fee Simple
    Property size:
    3,082 SF
    Added:
    Feb 17, 2026
    Days on Market:
    60
    Last Refresh:
    Mar 13 at 9:36 am

    Property Features for 627 Virginia Avenue

    General Information

    Standard status
    Active
    Size
    3,082 SF
    Property subtype
    Multi-Family / Fee Simple

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Andrew R Fultz

    Listing agent Andrew R Fultz License #WV0029152

    Listing office Samson Properties

    Listing date Feb 17, 2026

    Source Compass

    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 Samson Properties

    Overview

    Martinsburg Triplex with Income Potential

    This triplex property features a single-family home and a duplex. The single-family home includes 3 bedrooms and 1.5 baths with a full basement. Recent improvements include new luxury vinyl plank (LVP) flooring, replacement windows, and an updated 200-amp electric service. Heating is provided by baseboard heat, with window unit A/C and newly added mini-splits. The adjacent duplex features an up-and-down configuration: Unit A has 2 bedrooms and 2 full bathrooms, while Unit B has 2 bedrooms and 1 full bathroom. The duplex has seen major capital improvements, including a new roof in 2021, new windows, upgraded PEX plumbing, and 200-amp electric service, with each unit separately metered. Units are equipped with baseboard heating and window A/C units. Central HVAC exists but is currently non-operational. The property is located in Martinsburg, Berkeley County, within city limits. Transportation options include an airport less than 10 miles away, commuter lots less than 5 miles away, and a commuter rail station 1 to 5 miles away. The property is located within the Berkeley County school district.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Martinsburg
    County
    Berkeley
    State
    West Virginia
    Longitude
    -77.975573
    Latitude
    39.441263

    Nearby Similar for Sale

    • $389,900

      Renovated Office Building on Winchester

      Turnkey commercial office building on highly visible Winchester Avenue.
      1008 WINCHESTER AVE, MARTINSBURG, WV 25401
      View Details
    • $475,000
      4,710 SF

      Well-Maintained Quadplex in Martinsburg

      Fully rented, four-unit quadplex with numerous recent improvements.
      508-510 WINCHESTER Avenue, MARTINSBURG, WV 25401
      View Details
    • $899,900
      10,300 SF

      Commercial Property with Three Buildings

      High-traffic commercial property featuring three buildings on 0.90 acres.
      1886 WINCHESTER Ave, Martinsburg, WV 25405
      View Details
    • $274,900
      2,188 SF

      Martinsburg Duplex: Investor Special

      High-yield, fully occupied duplex in Martinsburg with strong rental history.
      517- 517 1/2-2 S KENTUCKY Avenue, MARTINSBURG, WV 25401
      View Details
    • $370,000
      3,504 SF

      Martinsburg Multifamily Investment Opportunity

      Four-unit building in Martinsburg, fully occupied, great investment property.
      535-537 ROUNDHOUSE Way, MARTINSBURG, WV 25404
      View Details
    • $684,900

      Martinsburg Commercial Property on Winchester

      Prime commercial property with high visibility and flexible space options.
      310 WINCHESTER AVENUE, MARTINSBURG, WV 25401
      View Details
    • $650,000
      6,600 SF

      Martinsburg Commercial Building For Sale

      6,600 sq ft commercial building suitable for retail, office, mixed-use.
      824 N QUEEN St, Martinsburg, WV 25404
      View Details
    • $999,900

      Turn-Key Restaurant Near I-81

      Restaurant property with equipment, high-traffic location near I-81.
      702 Warm Springs Ave, MARTINSBURG, WV 25401
      View Details
    • $700,000

      Versatile Commercial Property in Downtown

      Mixed-use property with retail, office, and warehouse space.
      311 Cumberland Valley Pl, MARTINSBURG, WV 25401
      View Details
    • $1,299,990
      9,000 SF

      Historic McFarland House Estate

      Georgian masterpiece with commercial kitchen, ballroom, and outdoor oasis.
      409 S QUEEN STREET, MARTINSBURG, WV 25401
      View Details
    • $1,299,000
      12,722 SF

      Versatile Commercial Property on 2.2 Acres

      12,722 sq ft commercial space near I-81.
      61 N EAGLE SCHOOL Rd, Martinsburg, WV 25404
      View Details
    • $389,900
      2,009 SF

      Renovated Office Building on Winchester

      Turnkey commercial office building on high-traffic Winchester Avenue.
      1008 Winchester Ave, Martinsburg, WV 25401
      View Details

    FAQs

    What type of property is this?
    Triplex - Triplex featuring a single-family home and a duplex.
    Where is this triplex located?
    The property is located at 627 Virginia Avenue Martinsburg, WV.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Triplex property: Single‑family home plus duplex, ideal for owner‑occupancy or investment.; Duplex units have separate meters, **new roof (2021), new windows, upgraded PEX plumbing, and 200‑amp electric service.**; Single‑family home features 3 bedrooms, 1.5 baths, full basement, **new LVP flooring, replacement windows, and updated 200‑amp electric service.**
    (540) 917-5386
    We can help!
    Listing Contact
    Andrew R Fultz
    Real Estate License ID: WV0029152
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!