320 Watts St - Apartments FOR SALE


Morgantown, WV 26501
$749,000 USD
304-296-1533
320 Watts St, Morgantown, WV for Sale
$749,000 USD
Apartments - FOR SALE
1/110
null | Request Cap Rate

320 Watts St
Morgantown, WV 26501


HIGHLIGHTS

  • Fully furnished sale with all existing appliances and household items included.
  • Flexible income model supporting short- and long-term rental strategies.
  • New roof installed in 2022 and current city compliance certification through 2029.
  • Convenient off-street parking and robust on-site storage facilities.

OVERVIEW

Discover a distinctive six-unit multifamily opportunity in Morgantown’s nationally recognized South Park Historic District. Located at 320 Watts Street, this property combines the character of one of the city’s most established neighborhoods with the flexibility of a building that has successfully accommodated both traditional long-term tenants and furnished guests. Its established rental history through conventional leases, Airbnb, and Furnished Finder gives a future owner the flexibility to pursue a long-term, furnished, or blended rental strategy. The apartments range from approximately 600 to 900 square feet, offering a variety of layouts and features throughout the building. Each unit includes essential appliances and individual heating and cooling accommodations, while select apartments offer in-unit laundry, dishwashers, and stainless steel appliances. All existing furnishings and household items associated with the furnished rental operation convey with the property, providing a substantial advantage for a buyer interested in continuing to offer equipped, move-in-ready accommodations without starting from the ground up. Abundant off-street parking—a rare and valuable feature in this area of Morgantown—adds convenience for tenants and guests, while the property’s generous storage space supports everyday operations and long-term ownership needs. Additional highlights include a roof replaced in 2022, several updated hot water heaters, and a current City of Morgantown Letter of Compliance valid through May 2029. Conveniently situated near downtown Morgantown, West Virginia University, healthcare facilities, local employers, dining, shopping, and recreation, the property is positioned to serve a broad range of potential tenants and guests, including long-term residents, university-affiliated renters, traveling professionals, relocating households, and visitors to the area. With six individual units, multiple potential income streams, and the ability to support several leasing strategies, 320 Watts Street presents an appealing opportunity for an investor seeking an established multifamily asset in the Morgantown rental market.

FOR SALE DETAILS

PRICE

$749,000 USD

PRICE/SF

$156 USD /SF

# OF UNITS

6

PRICE/UNIT

$124,833

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R-1A

APN/PARCEL ID

10-36-01250000,10-36-01260000

ASK ABOUT THIS PROPERTY

John WhislerKLM PropertiesMore Info
304-296-1533

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John WhislerKLM PropertiesMore Info
304-296-1533

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