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Multifamily Investment Opportunity in Morgantown

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

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.

We can help!

Contact an agent

David Lorenze, CCIM, SIOR, Principal & Associate Broker

For Sale

Contact for pricing

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

We can help!

Contact an agent

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

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

Location Insight

Map
Local Demand

City: Morgantown
County: Monongalia
State: West Virginia
Longitude: -79.9436822
Latitude: 39.6473078

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For sale
Apartment buildings
WV
Morgantown
26505
940 Stewart St

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.