Two-Unit Duplex with Rear
904 Louise Avenue, Morgantown, WV 26505
For Sale
$156,900
Under Contract
Multi-Unit/Income, Two Story, Morgantown, WV
Property Size1,944 SF
Lot Size0.09 Acres
Price / SF$80.71
Days on Market55
Property Features for 904 Louise Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Exterior features
Appliances
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Subdivision
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES TOUCHDOWN HOME PROS REALTY
(304) 322-4101
Listed By:
MICHELE RAFUS
(304) 282-9246
Added: Sep 14
Changed: Oct 26
Last Checked: Nov 7 at 5:06PM
MLS# 10166946
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.
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 two-unit duplex contains 1,944 square feet on a 0.09-acre lot and was built in 1916. The frame property includes wood and vinyl flooring, natural-gas forced-air heat, window-unit cooling, a shingle roof, patio, porch, and rear off-street parking. Interior connections support electric and gas stoves, a washer, and an electric dryer, while appliances include a range and refrigerator.
The property is in Morgantown’s Woodburn area, with access to I-68 through Sabraton, Mileground, and Downtown Campus. Both units are fully rented, and the property has an active City of Morgantown letter of compliance through June 10, 2028. Zoning is Multiple Family Residence.
The property is in Morgantown’s Woodburn area, with access to I-68 through Sabraton, Mileground, and Downtown Campus. Both units are fully rented, and the property has an active City of Morgantown letter of compliance through June 10, 2028. Zoning is Multiple Family Residence.
Key Highlights
- Two‑unit duplex with 1,944 square feet of property size
- 0.09‑acre lot in Morgantown’s Woodburn area
- Fully rented units
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 - Fully rented duplex with rear off-street parking and an active City of Morgantown letter of compliance.
Where is this duplex located?
The property is located at 904 Louise Avenue 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 with 1,944 square feet of property size; 0.09‑acre lot in Morgantown’s Woodburn area; Fully rented units
