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Mayfield Apartments 211 4th Ave 6 Unit Apartment Building $400,000 ($66,667/Unit) South Charleston, WV 25303
Investment Highlights
- Great Location in Downtown South Charleston
- Proactive Maintenance by Owner
- Strong Occupancy Rate of 96% in 2025
- Separately Metered - Tenants Responsible for Utility Consumption
Executive Summary
The property is located along 4th Avenue with a block of the main downtown area with many amenities such as a public library and a wide range of restaurants. It is a level site with parking at the rear for 8 vehicles and plentiful street parking. The property is zoned R-O, Residential Office District. The building is a two-story apartment building that was constructed circa 1960 wtih 6 two bed/one bath units, which have undergone periodic renovations and have been proactively maintained. It also has an unfinished lower level with washer/dryer hookups and storage available to the tenants. Historical information exhibits strong occupancy of 96% in 2025 and current rents averaging $722.50 per month. Tenants are responsible for their own utility services and the landlord covers garbage service.
Property Facts Under Contract
| Price | $400,000 | Lot Size | 0.22 AC |
| Price Per Unit | $66,667 | Building Size | 5,980 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2020 |
| Property Subtype | Apartment | Parking Ratio | 1.34/1,000 SF |
| Building Class | C | ||
| Zoning | R-O - Residential Office District | ||
| Price | $400,000 |
| Price Per Unit | $66,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 5,980 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2020 |
| Parking Ratio | 1.34/1,000 SF |
| Zoning | R-O - Residential Office District |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Washer/Dryer Hookup
- Heating
- Eat-in Kitchen
- Kitchen
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Trash Pickup - Curbside
- Storage Space
- Private Bathroom
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 20-22- 17-0014.0000 | Improvements Assessment | $138,220 |
| Land Assessment | $8,340 | Total Assessment | $146,560 |
Property Taxes
Parcel Number
20-22- 17-0014.0000
Land Assessment
$8,340
Improvements Assessment
$138,220
Total Assessment
$146,560
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Mayfield Apartments | 211 4th Ave