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Income-Producing Apartment Complex For Sale
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706 Gladstone Street, Parkersburg, WV 26101

Six-unit apartment complex with expansion potential in Parkersburg, WV.

Property SizeContact for details
Days on Market162

Property Features for 706 Gladstone Street

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Building Details

Year Built 2012
Buildings 3
Stories 2
Units 12
Listing Agency: One Team Realty
Listed By: Dr. Kimberly Smith · License #OH 2019007232
Source: Crexi
Added: May 21 Changed: Oct 28 Last Checked: Oct 28 at 5:29AM

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 One Team Realty

Rey
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Investment Insights

Based on property information with market context.

This income-producing 6-unit apartment complex, constructed in 2012, presents an investment opportunity with cash flow and future expansion potential. The property features duplex-style units, each with 4 bedrooms, 2 full baths, and 2 half baths. The complex is operating at 100% occupancy, with tenants responsible for all utilities. The property includes 3 additional vacant lots, offering potential for future development or expansion. The location is near schools, parks, shopping, restaurants, grocery stores, and healthcare, contributing to tenant demand in the rental market. This property is intended for investors seeking income and long-term growth potential.

Key Highlights

  • Income‑producing 6‑unit apartment complex with 100% occupancy
  • Spacious duplex‑style units with 4 bedrooms and 2.5 baths
  • Tenants pay all utilities, minimizing operating expenses

Property Analytics

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Location Intelligence

Trade Area within ½ mile

340
Businesses Nearby

Demographics for 26101, WV

28,337
Population
14,134
Households
2
Avg Household Size
41
Median Age
16%
College-Educated
84%
High-School Grad
30.8 sq mi
ZIP Area
920
Density / Sq Mi
$45,556
Median Household Income
$31,511
Median Earnings
$759
Median Rent
$107,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Six-unit apartment complex with expansion potential in Parkersburg, WV.
Where is this apartment building located?
The property is located at 706 Gladstone Street Parkersburg, WV.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Income‑producing 6‑unit apartment complex with 100% occupancy; Spacious duplex‑style units with 4 bedrooms and 2.5 baths; Tenants pay all utilities, minimizing operating expenses
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