Duplex with Studio
New
For Sale
$134,900
632 WINCHESTER Avenue, Martinsburg, WV 25401
Multi-Family, MARTINSBURG, WV
Property Size1,082 SF
Lot Size0.06 Acres
Price / SF$124.68
Days on Market2
Property Features for 632 WINCHESTER Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Off Street
Elementary school district
BERKELEY COUNTY SCHOOLS
Middle school district
BERKELEY COUNTY SCHOOLS
High school district
BERKELEY COUNTY SCHOOLS
Standard status
Active
Size
1,082 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
952
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1930
Number of units
2
Building materials
Brick, Vinyl Siding
Listing Agency:
Samson Properties
(540) 348-4911
Listed By:
Heloisa P Amar · License #0225215211
(347) 459-8164
Added: Oct 9
Last Checked: Oct 10 at 11:06AM
MLS# WVBE2055088
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,082-square-foot duplex contains two units: a lower-level studio and an upper-level one-bedroom. The studio is vacant, while the upper apartment has a month-to-month tenant. Built in 1930, the property has brick and vinyl siding, central air, and electric baseboard heat. A new roof was installed approximately two years ago. A known plumbing issue affects the lower unit. The listing also identifies the possibility of converting the building to a single-family residence by adding interior stairs.
The 0.0585-acre property is on Winchester Avenue in downtown Martinsburg, with I-81 a short drive away. Shopping and dining options are nearby. Off-street parking is available.
The 0.0585-acre property is on Winchester Avenue in downtown Martinsburg, with I-81 a short drive away. Shopping and dining options are nearby. Off-street parking is available.
Key Highlights
- Two‑unit layout with a lower‑level studio and upper‑level one‑bedroom
- Upper unit occupied by a month‑to‑month tenant; lower studio is vacant
- New roof installed 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
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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
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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 - Two separate residences include a vacant studio and a tenant-occupied one-bedroom apartment.
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‑unit layout with a lower‑level studio and upper‑level one‑bedroom; Upper unit occupied by a month‑to‑month tenant; lower studio is vacant; New roof installed approximately two years ago
