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    Multifamily Investment Opportunity in Morgantown Title is generated by Realmo AI

    940 Stewart St, Morgantown, WV 26505

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    36-unit multifamily property in Morgantown, West Virginia.

    Type:Multifamily
    Property size:
    34,848 SF
    Price / SF:
    $103/SF
    Added:
    Feb 13, 2026
    Days on Market:
    137
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 940 Stewart St

    General Information

    Standard status
    Active
    Size
    34,848 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1989

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    Contact an agent
    David Lorenze, CCIM, SIOR, Principal & Associate Broker
    David Lorenze, CCIM, SIOR, Principal & Associate Broker

    Listing office Black Diamond Realty

    Listing date Feb 13, 2026

    Source Crexi

    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 Black Diamond Realty

    HighLights

    • Multifamily investment opportunity with 36 residential units.
    • 23 two‑bedroom, one‑bath units and 13 one‑bedroom, one‑bath units.
    • Total building size of 34,848 (+/-) gross square feet across three buildings.
    • Located near High Street, PRT systems, Mon Health Medical Center, WVU’s Health Sciences Center campus, and Ruby Memorial Hospital.
    • Built in 1989.
    • Caters to students, professionals, and long‑term renters.

    Overview

    This multifamily investment opportunity at 940 Stewart Street in Morgantown, West Virginia, comprises three well-maintained buildings with a total gross area of approximately 34,848 square feet. The property features 36 residential units, including 23 two-bedroom, one-bath units and 13 one-bedroom, one-bath units. The location is convenient to High Street and multiple PRT systems, providing access to the Mon Health Medical Center, WVU’s Health Sciences Center campus, and Ruby Memorial Hospital. The property is suitable for students, professionals, and long-term renters.

    Local Financial Insights For Apartment 5plus

    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 $368.0k $10.56
    − Vacancy −$6.6k −$0.19
    EGI $361.4k $10.37
    − OpEx −$162.6k −$4.67
    NOI $198.8k $5.70
    34,848 SF · lease $10.56/SF/yr · vacancy 1.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $2.84M
    $2.48M – $3.31M (±1% cap)
    NOI $198,754 @ 7.0% cap · market cap 5.52%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $10.05M
    $8.79M – $11.72M (±1% cap)
    NOI $703,238 @ 7.0% cap · market cap 19.53%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cedarstone Apartments Apartment Building

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Morgantown
    County
    Monongalia
    State
    West Virginia
    Longitude
    -79.9436822
    Latitude
    39.6473078

    FAQs

    What type of property is this?
    Apartment building - 36-unit multifamily property in Morgantown, West Virginia.
    Where is this apartment building located?
    The property is located at 940 Stewart St Morgantown, WV.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: Multifamily investment opportunity with 36 residential units.; **23 two‑bedroom, one‑bath units and 13 one‑bedroom, one‑bath units.**; Total building size of 34,848 (+/-) gross square feet across three buildings.
    (304) 413-4350 Call to check price and availability
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