511 Grant Ave, Morgantown, WV 26505-0526
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.