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320 Watts St 6 Unit Apartment Building $749,000 ($124,833/Unit) Morgantown, WV 26501
Investment Highlights
- Fully furnished sale with all existing appliances and household items included.
- New roof installed in 2022 and current city compliance certification through 2029.
- Flexible income model supporting short- and long-term rental strategies.
- Convenient off-street parking and robust on-site storage facilities.
Executive Summary
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.
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.
Property Facts
| Price | $749,000 | Building Class | C |
| Price Per Unit | $124,833 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 4,800 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1930 |
| Apartment Style | Low-Rise | Parking Ratio | 2.5/1,000 SF |
| Zoning | R-1A - Single Family Residential District: Single Family Residence | ||
| Price | $749,000 |
| Price Per Unit | $124,833 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,800 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1930 |
| Parking Ratio | 2.5/1,000 SF |
| Zoning | R-1A - Single Family Residential District: Single Family Residence |
Amenities
Site Amenities
- Laundry Facilities
- Tenant Controlled HVAC
- Furnished Units Available
- Storage Space
- Public Transportation
- Walk To Campus
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
Moderately walkable
70/100
Fairly drivable
50/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $113,040 | |
| Land Assessment | $76,800 | Total Assessment | $189,840 |
Property Taxes
Parcel Numbers
Land Assessment
$76,800
Improvements Assessment
$113,040
Total Assessment
$189,840
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320 Watts St
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