Property profile

511 Grant Ave Morgantown, WV 26505

OFF-MARKET
Garden apartment buildings
Property ID
US94-0065306
2,560 SF 0.14 ac lot Built 2001
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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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

Location

511 Grant Ave Morgantown, WV 26505-0526
Morgantown metro Census 10103 MORGANTOWN, WV METROPOLITAN STATISTICAL AREA
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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
$345k

Owner & transaction history

since 2025
Last sale
$700,000
6 recorded transactions
2026
Price N/A
2025
$700,000
2024
Price N/A
2022
Price N/A
2020
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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