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Multifamily Housing Investment | 36 Units 940 Stewart St 36 Unit Apartment Building $3,600,000 ($100,000/Unit) Morgantown, WV 26505
Investment Highlights
- 36 Units
- 85% Young Professional, 15% Student
- Access to the Mon Health Medical Center, WVU’s Health Sciences Center campus and Ruby Memorial Hospital
- 2-Bedroom and 1-Bedroom Options
- In-Unit Laundry
Executive Summary
940 Stewart Street in Morgantown, West Virginia presents a compelling multifamily investment opportunity consisting of three well-maintained buildings totaling 34,848 (+/-) gross square feet and offering 36 residential units. The unit mix includes 23 spacious two-bedroom, one-bath units and 13 one-bedroom, one-bath units, catering to strong and consistent renter demand in the Morgantown market.
Other local amenities within walking distance or a short drive include High Street, multiple PRT systems which offer access to the Mon Health Medical Center, WVU’s Health Sciences Center campus and Ruby Memorial Hospital. The property is well-positioned to attract students, professionals, and long-term renters alike, supporting stable occupancy and long-term investment performance.
Other local amenities within walking distance or a short drive include High Street, multiple PRT systems which offer access to the Mon Health Medical Center, WVU’s Health Sciences Center campus and Ruby Memorial Hospital. The property is well-positioned to attract students, professionals, and long-term renters alike, supporting stable occupancy and long-term investment performance.
Property Facts
| Price | $3,600,000 | Lot Size | 1.00 AC |
| Price Per Unit | $100,000 | Building Size | 34,848 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 36 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1987 |
| Property Subtype | Apartment | Parking Ratio | 0.8/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | No Zoning | ||
| Price | $3,600,000 |
| Price Per Unit | $100,000 |
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.00 AC |
| Building Size | 34,848 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1987 |
| Parking Ratio | 0.8/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | No Zoning |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Ceiling Fans
- Refrigerator
- Walk-In Closets
- Carpet
- Deck
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 13 | - | 400 - 700 |
| 2+1 | 23 | - | 850 |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $619,620 | |
| Land Assessment | $208,700 | Total Assessment | $828,320 |
Property Taxes
Parcel Numbers
Land Assessment
$208,700
Improvements Assessment
$619,620
Total Assessment
$828,320
Contacts
-
Zach Evans -
David Lorenze, CCIM, SIOR -
Mark Nesselroad, Esq, MBA -
Black Diamond Realty
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Multifamily Housing Investment | 36 Units | 940 Stewart St
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