Two-Unit
New
For Sale
$134,900
632 WINCHESTER AVENUE, Martinsburg, WV 25401
The upper residence has one bedroom and a month-to-month tenant; the studio on the lower level is vacant.
Property Size1,082 SF
Price / SF$124.68
Days on Market2
Property Features for 632 WINCHESTER AVENUE
General Information
Standard status
Active
Size
1,082 SF
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
known plumbing issue
Units
Unit Mix
1 x studio, 1 x 1BR
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1930
Buildings
1
Listing Agency:
Samson Properties
(540) 348-4911
Listed By:
Heloisa P Amar · License #0225215211
(347) 459-8164
Source:
Cummingsrealtors
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 9 at 5:40PM
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
Investment Insights
Based on property information with market context.
This duplex in Martinsburg contains two distinct residences: an upper-level one-bedroom with a month-to-month tenant and a vacant studio below. The building dates to 1930, and its roof was replaced approximately two years ago. A plumbing problem affects the lower unit, and repairs and updating are needed.
The property is in downtown Martinsburg, minutes from I-81 and near shopping and dining. An interior staircase could allow conversion to a single-family residence.
The property is in downtown Martinsburg, minutes from I-81 and near shopping and dining. An interior staircase could allow conversion to a single-family residence.
Key Highlights
- Two residences: a vacant lower‑level studio and an upper‑level one‑bedroom
- Upper‑level unit has a month‑to‑month tenant
- Roof replaced approximately two years ago
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,148
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$102,960
$103.0K
Cap Rate 7%
$73,543
$73.5K
Cap Rate 9%
$57,200
$57.2K
Market Conditions
NOI Build-Up for 1,082 SF
Gross rent
$7.7K $7.08/SF
− Vacancy
−$306 −$0.28/SF
EGI
$7.4K $6.80/SF
− OpEx
−$2.2K −$2.04/SF
NOI
$5.1K $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%
$102,960
Cap Rate 7%
$73,543
Cap Rate 9%
$57,200
Alternative Uses
Best Use
Multifamily LT 5
$73.5K
$64.4K – $85.8K
NOI $5,148 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$67.4K
$59.0K – $78.7K
NOI $4,720 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$195.9K
$171.4K – $228.5K
NOI $13,711 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
Explore this area
Business Placement
Demographics for 25401, WV
15,086
Population
6,841
Households
2.2
Avg Household Size
38
Median Age
23%
College-Educated
86%
High-School Grad
5.8 sq mi
ZIP Area
2,601
Density / Sq Mi
$49,157
Median Household Income
$33,147
Median Earnings
$1,014
Median Rent
$221,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - The upper residence has one bedroom and a month-to-month tenant; the studio on the lower level is vacant.
Where is this duplex located?
The property is located at 632 WINCHESTER AVENUE Martinsburg, WV.
What is the asking price?
The asking price for this property is $134,900.
What are key features of this property?
This property features: Two residences: a vacant lower‑level studio and an upper‑level one‑bedroom; Upper‑level unit has a month‑to‑month tenant; Roof replaced approximately two years ago
