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1493 University Ave - 33 Beds | Student Housing / Re-Development 11,492 SF Specialty Building Offered at $1,195,000 in Morgantown, WV 26505

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INVESTMENT HIGHLIGHTS

Turn-Key Property
Updated Commercial Kitchen
Walkable Access to Campus Life

Extensively Renovated
New Plumbing
Sprinkler System

EXECUTIVE SUMMARY

With its unbeatable campus-front location and thoughtfully curated living experience, 1493 University Avenue stands out as a premier student housing opportunity. This 33-bed, four story property was designed for maximum appeal and minimal hassle. The property delivers the kind of consistent rental performance investors seek. Its inviting common areas, upgraded amenities, and walkable access to campus life make it a favorite among students. This turn-key property blends historic charm with modern functionality, making it a rare and valuable investment in one of Morgantown’s most sought-after locations.
The subject property provides practically direct access to the Mountain Line bus stop along University Avenue. Along Beechurst Avenue there is a daily traffic count of 23,194 vehicles. Source: ©2024 Kalibrate Technologies (Q4 2024).
This property is available for sale OR lease.

Main Floor First Floor

Second Floor

Attic Top Floor

Basement Floor

1493 University Avenue Marketing Flyer

PROPERTY FACTS

Price	$1,195,000	Building Size	11,492 SF
Price Per SF	$103.99	No. Stories	4
Sale Type	Owner User	Year Built/Renovated	1930/2024
Property Type	Specialty	Parking Ratio	0.35/1,000 SF
Property Subtype	Sorority/Fraternity House	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	0.17 AC
Zoning	R-2

Price	$1,195,000
Price Per SF	$103.99
Sale Type	Owner User
Property Type	Specialty
Property Subtype	Sorority/Fraternity House
Lot Size	0.17 AC
Building Size	11,492 SF
No. Stories	4
Year Built/Renovated	1930/2024
Parking Ratio	0.35/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R-2