Downtown Mixed-Use
78 Kingwood Street Morgantown, WV 26501
78 Kingwood Street, Morgantown, WV, 26501
$349,900
For Sale
$349,900
Street-level salon space and two leased apartments above, plus seven off-street parking spaces.
Property Size3,900 SF
Price / SF$89.72
Days on Market220
Property Features for 78 Kingwood Street
General Information
- Standard status
- Active
- Size
- 3,900 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1940
Listing agency
BERKSHIRE HATHAWAY HOMESERVICES TOUCHDOWN HOME PROS REALTY
(412) 607-4696
Listed by
Kristen Schoeneberger · License #WVS200301294
(412) 607-4696
Source
Xome
Added: Dec 15, 2025 Updated: Jul 23 at 12:27AM Checked: Jul 23 at 12:27AM
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 BERKSHIRE HATHAWAY HOMESERVICES TOUCHDOWN HOME PROS REALTY
Investment Insights
Based on property information with market context.
This downtown mixed-use property includes street-level commercial space currently operating as a 3-chair hair salon. The building also has two renovated apartments above the commercial area, and both units are currently leased at $1,400 per month each.
The salon space is described as generating approximately $2,500 per month, and the street-level area is noted as having potential to be converted into a different business. The property includes seven off-street parking spaces, which are described as being individually leaseable for an estimated $50–$100 per space per month.
Overall, the configuration supports multiple income sources through the leased apartments and operating salon, along with additional parking-related income potential.
The salon space is described as generating approximately $2,500 per month, and the street-level area is noted as having potential to be converted into a different business. The property includes seven off-street parking spaces, which are described as being individually leaseable for an estimated $50–$100 per space per month.
Overall, the configuration supports multiple income sources through the leased apartments and operating salon, along with additional parking-related income potential.
Key Highlights
- Downtown mixed‑use building with 3‑chair hair salon on the street level and 2 apartments above
- Two residential apartments are renovated and currently leased at $1,400 per month
- Salon space has appliances included: washer, dryer, range, and refrigerator
Local 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 | $35.1k | $9.00 |
| − Vacancy | −$600 | −$0.15 |
| EGI | $34.5k | $8.85 |
| − OpEx | −$10.3k | −$2.65 |
| NOI | $24.1k | $6.19 |
3,900 SF · lease $9.00/SF/yr · vacancy 1.71% · expense 30.00%
Alternative Uses
Best Use
Mixed Use
$564.1K
$493.6K – $658.1K
NOI $39,488 @ 7.0% cap · market cap 11.29%
Second Best
Retail
$526.5K
$460.7K – $614.3K
NOI $36,855 @ 7.0% cap · market cap 10.53%
Theoretical Best
Office A
$1.12M
$983.8K – $1.31M
NOI $78,703 @ 7.0% cap · market cap 22.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shear Style
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Street-level salon space and two leased apartments above, plus seven off-street parking spaces.
Where is this mixed-use property located?
The property is located at 78 Kingwood Street Morgantown, WV.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Downtown mixed‑use building with 3‑chair hair salon on the street level and 2 apartments above; Two residential apartments are renovated and currently leased at $1,400 per month; Salon space has appliances included: washer, dryer, range, and refrigerator
