Duplex With Rear
904 Louise Ave, Morgantown, WV 26505
For Sale
$156,900
Two-unit residential property with rear off-street parking and an active municipal letter of compliance.
Property Size1,944 SF
Price / SF$80.71
Days on Market55
Property Features for 904 Louise Ave
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Highway Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES TOUCHDOWN HOME PROS REALTY
Listed By:
Michele Rafus
(304) 282-9246
Source:
Exprealty
Added: Sep 14
Changed: Nov 6
Last Checked: Nov 6 at 10:14AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two residential units within 1,944 square feet and is fully rented. Off-street parking is located behind the property, providing dedicated vehicle space for occupants. An active letter of compliance with the City of Morgantown remains in effect through June 10, 2028.
The property is at 904 Louise Ave in Morgantown, with access to I-68 through Sabraton, the Mileground, and Downtown Campus. Its two-unit configuration and current rental status provide a straightforward income-property profile for an owner seeking an occupied residential asset.
The property is at 904 Louise Ave in Morgantown, with access to I-68 through Sabraton, the Mileground, and Downtown Campus. Its two-unit configuration and current rental status provide a straightforward income-property profile for an owner seeking an occupied residential asset.
Key Highlights
- Two‑unit duplex totaling 1,944 square feet
- Fully rented residential property
- Rear off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,038
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,760
$240.8K
Cap Rate 7%
$171,971
$172.0K
Cap Rate 9%
$133,756
$133.8K
Market Conditions
NOI Build-Up for 1,944 SF
Gross rent
$17.5K $9.00/SF
− Vacancy
−$299 −$0.15/SF
EGI
$17.2K $8.85/SF
− OpEx
−$5.2K −$2.65/SF
NOI
$12.0K $6.19/SF
Area
Monongalia County, WV
Vacancy
1.71%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$240,760
Cap Rate 7%
$171,971
Cap Rate 9%
$133,756
Alternative Uses
Best Use
Multifamily LT 5
$172.0K
$150.5K – $200.6K
NOI $12,038 @ 7.0% cap · market cap 7.67%
Second Best
Apartment 5plus
$158.4K
$138.6K – $184.8K
NOI $11,088 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$560.4K
$490.4K – $653.8K
NOI $39,230 @ 7.0% cap · market cap 25.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
519
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with rear off-street parking and an active municipal letter of compliance.
Where is this duplex located?
The property is located at 904 Louise Ave Morgantown, WV.
What is the asking price?
The asking price for this property is $156,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,944 square feet; Fully rented residential property; Rear off‑street parking
