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Towne Square Apartments 201 3rd St 43 Unit Apartment Building For Sale Parkersburg, WV 26101
Investment Highlights
- Rental income from Residential units, commercial office spaces, and parking garage
- Attached parking garage with 286 spaces enhances convenience for tenants and visitors.
- Convenient location in the heart of downtown Parkersburg close to amenities
- Easy access to the Ohio River and major roadways, supporting connectivity and lifestyle appeal.
Executive Summary
Towne Square Apartments presents a compelling investment opportunity in the heart of Parkersburg, West Virginia. This mixed-use property spans approximately 157,969 square feet and includes 43 residential units, eight commercial spaces on the ground level, and an attached parking garage with 286 spaces. Built in 1984, the property offers a solid foundation for long-term ownership and income generation.
Situated in a vibrant and growing community, the asset benefits from its proximity to key amenities such as the Grand Central Mall, Parkersburg City Park, and multiple dining and retail options. The location also provides easy access to the Ohio River, offering recreational opportunities and scenic appeal. Parkersburg’s downtown district combines cultural attractions with small-town charm, creating a desirable environment for both residents and businesses.
With its prime location, mixed-use configuration, and ample parking, Towne Square Apartments is well-positioned for investors seeking a stable asset with potential for value enhancement. The property’s scale and layout support a variety of strategies, including repositioning or continued operation as a mixed-use development.
Situated in a vibrant and growing community, the asset benefits from its proximity to key amenities such as the Grand Central Mall, Parkersburg City Park, and multiple dining and retail options. The location also provides easy access to the Ohio River, offering recreational opportunities and scenic appeal. Parkersburg’s downtown district combines cultural attractions with small-town charm, creating a desirable environment for both residents and businesses.
With its prime location, mixed-use configuration, and ample parking, Towne Square Apartments is well-positioned for investors seeking a stable asset with potential for value enhancement. The property’s scale and layout support a variety of strategies, including repositioning or continued operation as a mixed-use development.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
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Property Taxes
| Parcel Number | 05-94-00520000 | Total Assessment | $1,567,980 (2025) |
| Land Assessment | $142,620 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,425,360 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
05-94-00520000
Land Assessment
$142,620 (2025)
Improvements Assessment
$1,425,360 (2025)
Total Assessment
$1,567,980 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Towne Square Apartments | 201 3rd St
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