Four-Unit Residential Income
For Sale
$350,000
740 Weaver Street, Morgantown, WV 26505
Four leased units with private entrances, plus a shared basement with washer and dryer facilities and off-street parking.
Property Size2,983 SF
Price / SF$117.33
Days on Market50
Property Features for 740 Weaver Street
General Information
Standard status
Active
Size
2,983 SF
Total Parking Spaces
6
Property subtype
Multi Family Home
Additional Details
Multifamily Units
4
Amenities
washer/dryer facilities
large grassy backyard
Building Details
Year Built
1925
Tenancy
Multi
Listing Agency:
Good Life Realty LLC
(941) 685-2441
Listed By:
Raffilena Hamilton · License #3190826
(941) 685-2441
Source:
Oliveriorealty
Added: Jun 11
Changed: Jul 23
Last Checked: Jul 30 at 11:51AM
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 Good Life Realty LLC
Investment Insights
Based on property information with market context.
This for-sale four-unit residential income property features four separate rental units with private entrances. The building includes a total of 8 bedrooms and 5 bathrooms across approximately 2,983 square feet of living space, and was built in 1925. A shared basement provides on-site washer and dryer facilities for tenant convenience.
The property also offers a large parking area to the left of the house with space for approximately 3–6 parking spaces, along with a large grassy backyard.
All four units are currently leased, providing immediate rental income at the time of sale. The property is positioned just minutes from downtown and WVU campus, along with nearby destinations including the Mountainlair, B&E Building, and Woodburn Circle.
The property also offers a large parking area to the left of the house with space for approximately 3–6 parking spaces, along with a large grassy backyard.
All four units are currently leased, providing immediate rental income at the time of sale. The property is positioned just minutes from downtown and WVU campus, along with nearby destinations including the Mountainlair, B&E Building, and Woodburn Circle.
Key Highlights
- Four leased rental units with private entrances, totaling approximately 8 bedrooms and 5 bathrooms
- Approximately 2,983 sq ft of living space in a multifamily property built in 1925
- All 4 units are currently leased, providing immediate rental income
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.8k | $9.00 |
| − Vacancy | −$459 | −$0.15 |
| EGI | $26.4k | $8.85 |
| − OpEx | −$7.9k | −$2.65 |
| NOI | $18.5k | $6.19 |
2,983 SF · lease $9.00/SF/yr · vacancy 1.71% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$263.9K
$230.9K – $307.9K
NOI $18,472 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$243.0K
$212.7K – $283.6K
NOI $17,013 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$860.0K
$752.5K – $1.00M
NOI $60,197 @ 7.0% cap · market cap 17.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,300
Businesses Nearby
Explore this area
Business Placement
Demographics for 26505, WV
39,057
Population
19,220
Households
2
Avg Household Size
27
Median Age
55%
College-Educated
93%
High-School Grad
12.6 sq mi
ZIP Area
3,100
Density / Sq Mi
$42,275
Median Household Income
$24,042
Median Earnings
$942
Median Rent
$265,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four leased units with private entrances, plus a shared basement with washer and dryer facilities and off-street parking.
Where is this quadplex located?
The property is located at 740 Weaver Street Morgantown, 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: Four leased rental units with private entrances, totaling approximately 8 bedrooms and 5 bathrooms; Approximately 2,983 sq ft of living space in a multifamily property built in 1925; All 4 units are currently leased, providing immediate rental income
