1042 Morgantown Ave - Residential Income FOR SALE


Fairmont, WV 26554
$525,000 USD
681-209-6619
1042 Morgantown Ave, Fairmont, WV for Sale
$525,000 USD
Residential Income - FOR SALE
1/50
null | Request Cap Rate

1042 Morgantown Ave
Fairmont, WV 26554


HIGHLIGHTS

  • Off-Street Parking Area
  • 100% Leased
  • Diverse Tenant Mix
  • Located 0.8 Mile from I-79

OVERVIEW

Fully leased and delivering immediate income, 1042 Morgantown Avenue and 1042 1/2 Morgantown Avenue in Fairmont, WV present a strong investment opportunity. Built in 1926, this well-maintained property offers 8,063 (+/-) square feet and a diverse tenant mix. The asset includes two 3-bedroom, 1-bath residential apartments—one in the main building and one in the detached structure—alongside five second-floor office suites, one first-floor office, and a basement storage unit. Together, these components provide a stable, fully occupied income stream with built-in diversification. Strategically positioned just 0.8 mile from I-79, Exit 137, this asset offers excellent accessibility, visibility, and long-term appeal. With this being fully leased, this property delivers immediate cash flow and strong upside in a growing corridor.

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$65 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed-Use Investment | Office & Apartments

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,192 SF

ZONING

NMU

APN/PARCEL ID

05-4-00010000

ASK ABOUT THIS PROPERTY

Caleb WooldridgeBlack Diamond RealtyMore Info
681-209-6619

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Caleb WooldridgeBlack Diamond RealtyMore Info
681-209-6619

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.