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Updated Duplex in Woodburn Neighborhood

839-843 Miller Street Morgantown, WV 26505

Claim this Listing
For Sale
Under Contract
$165,950

MULTI_FAMILY - Morgantown, WV

Property size:
1,768 SF
Lot size:
0.07 Acres
Price / SF:
$93/SF
Added:
May 17, 2026
Days on Market:
57
Last Refresh:
Jul 12 at 10:06 pm

Property Features for 839-843 Miller Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
General Residential
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 2, Basement, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 3
Patio and Porch features
Deck, Porch
Interior features
Washer Connection
Exterior features
Porch, Deck
Appliances
Range, Refrigerator, Washer, Dryer
Standard status
Active Under Contract
Size
1,768 SF
Lot size
0.07 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
BL 4 LOT 1
Tax Annual Amount
1657

Utilities

Heating system
Forced Air, Natural Gas

Building Details

Year built
1940
Floors in Building
2
Number of units
2
Flooring type
Wood, Tile - Ceramic
Building materials
Block
Roof type
Shingle
Architectural style
Other

Listing agent LEIGH ANN BRYAN License #WVA240040341

Listing office J.S. WALKER ASSOCIATES 148 Fayette Street, Morgantown, WV

Listing date May 17, 2026

MLS# 10164784 Listing URL

Copyright © 2026 North Central West Virginia Real Estate Information Network. 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 updated duplex is located in Morgantown's historic Woodburn neighborhood. The property is near WVU, downtown, shopping, dining, and local hospitals. Each unit features 2 bedrooms and 1 full bath, remodeled kitchens and bathrooms with modern finishes, and private in-unit laundry. Each unit also has access to private porches for outdoor living. A newly constructed deck adds appeal for relaxing or entertaining outdoors. One unit is currently rented, providing immediate income. The second unit is vacant. The property offers investment potential or an owner-occupant setup. The lot size is 0.07 acres and the property size is 1768 square feet. The zoning is General Residential.

Key Highlights

  • Prime location in Morgantown's historic Woodburn neighborhood
  • Duplex offers strong investment potential with immediate income
  • Each unit features 2 bedrooms and 1 full bath with remodeled kitchens and bathrooms

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 $15.9k $9.00
− Vacancy −$272 −$0.15
EGI $15.6k $8.85
− OpEx −$4.7k −$2.65
NOI $10.9k $6.19
1,768 SF · lease $9.00/SF/yr · vacancy 1.71% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$156.4K
$136.9K – $182.5K (±1% cap)
NOI $10,948 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$144.1K
$126.1K – $168.1K (±1% cap)
NOI $10,084 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$509.7K
$446.0K – $594.7K (±1% cap)
NOI $35,679 @ 7.0% cap · market cap 21.50%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Daycare Center Garden Center (Bike/Boat/Book/etc) Store Locksmith Catering Service (Bike/Boat/Book/etc) Store Nail Salon Home Appliance Store HVAC Service Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Updated duplex in Morgantown's historic Woodburn neighborhood, near WVU.
Where is this duplex located?
The property is located at 839-843 Miller Street Morgantown, WV.
What is the asking price?
The asking price for this property is $165,950.
What are key features of this property?
This property features: Prime location in Morgantown's historic Woodburn neighborhood; Duplex offers strong investment potential with immediate income; Each unit features **2 bedrooms and 1 full bath with remodeled kitchens and bathrooms**
Contact an agent
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