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    OFF-MARKET
    Garden apartment buildings

    511 Grant Ave, Morgantown, WV 26505-0526

    2,560 SF 0.14 ac lot Built 2001
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US94-0065306
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a seven-unit apartment building ideally situated in Morgantown, West Virginia. The property, located at 511 Grant Avenue, boasts 9,120 square feet on a 0.138-acre lot and is a two-story structure built in 2001. Each of the seven units offers approximately 800 square feet of living space. The building enjoys a highly desirable location, just steps from West Virginia University's main campus and the Beechurst Ave PRT, providing convenient access to the university and its vibrant community. Residents also benefit from proximity to a wide array of shopping and dining options. The property's strategic position offers easy access to major transportation arteries, including I-79 (Exit 155), I-68 (Exit 1), and I-68 (Exit 7), all within a five-mile radius. All standard public utilities, including water and sewer, are readily available. The asking price is $775,000, representing a compelling price per unit of $110,714.29 and a strong cap rate of 11.16%. The property includes off-street parking, adding further value to this attractive investment prospect. This is a rare chance to acquire a well-located, income-producing multifamily asset in a thriving college town.

    Property profile
    Verified
    Property type Garden apartment buildings
    Use group GARDEN APT, COURT APT (5+ UNITS)
    Year built 2001
    Total area 2,560 SF
    Lot 0.14 ac (6,011 SF)
    APN 31-12- 15-0215.0001
    UPID US94-0065306
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Nunat Mgt LLC · 1 yrs held
    Nunat Mgt LLC
    since 2025
    Last sale
    $700,000
    6 recorded transactions
    2026
    2025
    $700,000
    2024
    2022
    2020
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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