Quadplex with Commercial
For Sale
$375,000
99-103 Liberty Avenue, Clarksburg, WV 26301
Multi-Unit/Income, Raised Ranch, Clarksburg, WV
Property Size3,425 SF
Price / SF$109.49
Days on Market67
Property Features for 99-103 Liberty Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
General Commercial
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 4, Bedroom 6, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4, Basement
Parking features
Off Street, Assigned
Patio and Porch features
Patio, Porch
Interior features
Gas Stove Connection, Washer Connection, Electric Dryer Connection, Some Window Treatments
Exterior features
Porch, Patio, Storm Doors, Landscaped, Outside Lighting, Double Thermo Windows, Private Yard
Appliances
Range, Dishwasher, Refrigerator
Lot features
Water Frontage, Sloping, Flood Plain
View
City, Park, Lake
Elementary school
Nutter Fort Primary/Intermediate
Middle school
Liberty Middle
High school
Robert C. Byrd High
Elementary school district
Harrison
Middle school district
Harrison
High school district
Harrison
Directions
Milford St to Liberty Av Across from VA Park
Subdivision
Harrison/Clarksburg
Standard status
Active
Size
3,425 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
1 Lot 163, 1 Lot 164 Hartland
Tax Annual Amount
2805
Legal Description
1 Lot 163, 1 Lot 164 Hartland
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Electric, Central Air, Ceiling Fan(s)
Water front
1
Building Details
Year built
1957
Floors in Building
1
Number of units
4
Flooring type
Tile - Ceramic, Carpet - Full, Vinyl
Building materials
Frame, Block, Brick, Concrete
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
HOMEFINDERS PLUS REAL ESTATE INC
(304) 842-7901
Listed By:
JENNIFER SCHELLENBERG · License #WV0008778
(304) 677-2441
Added: Jul 16
Changed: Sep 12
Last Checked: Sep 20 at 5:06PM
MLS# 10162040
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.
Investment Insights
Based on property information with market context.
This 3,425-square-foot ranch-style property, built in 1957, contains four rented apartments along with a garage and a separate spacious room formerly used for business purposes. The building has frame, block, brick, and concrete construction, with forced-air natural-gas heat and central electric cooling. Interior finishes include carpet, vinyl, and ceramic tile, while available features include range, dishwasher, refrigerator, washer connections, and dryer connections.
The property is designated General Commercial and includes a Certificate of Use & Occupancy. Exterior elements include a porch, patio, private yard, landscaping, outside lighting, storm doors, and double-pane thermal windows. Assigned and off-street parking are provided. The property is located at 99-103 Liberty Avenue in Clarksburg, WV 26301.
The property is designated General Commercial and includes a Certificate of Use & Occupancy. Exterior elements include a porch, patio, private yard, landscaping, outside lighting, storm doors, and double-pane thermal windows. Assigned and off-street parking are provided. The property is located at 99-103 Liberty Avenue in Clarksburg, WV 26301.
Key Highlights
- Four rented apartments within a 3,425‑square‑foot property
- General Commercial zoning supports the building’s business and residential configuration
- Additional garage and spacious room formerly used for business purposes
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,275
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$485,500
$485.5K
Cap Rate 7%
$346,786
$346.8K
Cap Rate 9%
$269,722
$269.7K
Market Conditions
NOI Build-Up for 3,425 SF
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.
Gross rent
$43.2K $12.60/SF
− Vacancy
−$4.3K −$1.26/SF
EGI
$38.8K $11.34/SF
− OpEx
−$14.6K −$4.25/SF
NOI
$24.3K $7.09/SF
Area
Harrison County, WV
Vacancy
10.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$485,500
Cap Rate 7%
$346,786
Cap Rate 9%
$269,722
Alternative Uses
Best Use
Mixed Use
$346.8K
$303.4K – $404.6K
NOI $24,275 @ 7.0% cap · market cap 6.47%
Second Best
Multifamily LT 5
$209.1K
$183.0K – $244.0K
NOI $14,640 @ 7.0% cap · market cap 3.90%
Theoretical Best
Specialty Retail
$677.7K
$593.0K – $790.6K
NOI $47,437 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 26301, WV
28,586
Population
13,875
Households
2.1
Avg Household Size
42
Median Age
22%
College-Educated
86%
High-School Grad
77.1 sq mi
ZIP Area
371
Density / Sq Mi
$49,773
Median Household Income
$34,594
Median Earnings
$772
Median Rent
$123,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Business-zoned property combines four occupied apartments with an additional garage and former business area.
Where is this quadplex located?
The property is located at 99-103 Liberty Avenue Clarksburg, WV.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Four rented apartments within a 3,425‑square‑foot property; General Commercial zoning supports the building’s business and residential configuration; Additional garage and spacious room formerly used for business purposes
