4 Delaware Ave - Apartments FOR SALE


Charleston, WV 25302- West Side
$225,000 USD
304-343-5695
4 Delaware Ave, Charleston, WV for Sale
$225,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

4 Delaware Ave
Charleston, WV 25302
West Side


HIGHLIGHTS

  • Walking Distance to Kanawha Boulevard & Magic Island
  • Proactively Maintained
  • Good Historical Occupancy

OVERVIEW

This property is located on the east side of Delaware Avenue, just north of Kanawha Boulevard on the near West Side of Charleston. It is located within walking distance to Kanawha Boulevard and Magic Island Park. The site is level and at grade with surrounding properties and has access to all public infrastructure. There is no onsite parking, but street parking is common in this area. The property is zoned R-6, Medium Density Residential District, and is located within the Luna Park Historic District. The building is a two-story apartment building that was constructed in the early 1900’s. The converted residence includes four units that have undergone periodic renovations and have been proactively maintained. Historical information exhibits strong occupancy with 98% in 2025 and rents averaging $797.50 per month. The landlord pays all utilities and provide a washer/dryer unit in the basement available to the tenants at no cost. Units A & B have forced air heat and units C & D have baseboard heat. Tenants provide their own window air conditioning units. Financials available upon request to tgoldman@goldmanassociates.org.

FOR SALE DETAILS

PRICE

$225,000 USD

PRICE/SF

$72 USD /SF

# OF UNITS

4

PRICE/UNIT

$56,250

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 Unit Multi-Family Residential Building

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,048 SF

ZONING

R-6

APN/PARCEL ID

12-25-04220000

ASK ABOUT THIS PROPERTY

Todd GoldmanGoldman Associates, Inc.More Info
304-343-5695

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Todd GoldmanGoldman Associates, Inc.More Info
304-343-5695

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