89-Unit Multifamily Investment
For Sale
Contact for pricing
551 Van Meter Way, Wheeling, WV 26003
Income-producing 89-unit multifamily portfolio near West Liberty University.
Property SizeContact for details
Days on Market654
Property Features for 551 Van Meter Way
General Information
Standard status
Active
Property subtype
Multifamily
Zoning
Commercial
Building Details
Year Built
2007
Buildings
5
Stories
3
Units
89
Listing Agency:
Berkshire Hathaway HomeServices The Preferred Realty
(304) 685-9959
Listed By:
Dominic Janidas, CCIM · License #WVA230040255
Source:
Crexi
Added: Nov 4, 2024
Changed: Aug 20
Last Checked: Aug 20 at 12:24PM
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 The Preferred Realty
Investment Insights
Based on property information with market context.
This is an 89-unit, income-producing investment opportunity located in West Liberty, WV, directly across from West Liberty University. The zero-vacancy, five-building multi-family rental portfolio features a diversified unit mix including two- and three-bedroom apartments. Four of the five buildings have a bathroom for every bedroom in each unit. Each building includes ample off-street parking in expansive surface lots. The portfolio has a strong and long-standing rental history since the first building was completed in 2007. The University Place/Topper Village portfolio is well-maintained and positioned in the thriving community with easy access to local amenities, other schools, parks, and major roadways. This is a turn-key, income-producing investment opportunity.
Key Highlights
- Zero‑vacancy, income‑producing multi‑family rental portfolio.
- 89 units in five buildings with a diversified unit mix (two- and three‑bedroom apartments).
- Located directly across from West Liberty University.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Explore this area
Business Placement
Demographics for 26003, WV
40,591
Population
20,853
Households
1.9
Avg Household Size
45
Median Age
33%
College-Educated
94%
High-School Grad
91.1 sq mi
ZIP Area
446
Density / Sq Mi
$58,625
Median Household Income
$39,042
Median Earnings
$823
Median Rent
$164,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Income-producing 89-unit multifamily portfolio near West Liberty University.
Where is this apartment building located?
The property is located at 551 Van Meter Way Wheeling, WV.
What is the asking price?
The asking price for this property is $14,200,000.
What are key features of this property?
This property features: Zero‑vacancy, income‑producing multi‑family rental portfolio.; 89 units in five buildings with a diversified unit mix (two- and three‑bedroom apartments).; Located directly across from West Liberty University.
