This charming quadruplex in the heart of downtown Martinsburg offers an excellent investment opportunity! All four units are currently rented, generating a steady monthly income of $3,800. Each unit has been thoughtfully updated with new vinyl flooring, modernized kitchens, and bathrooms, making this property both low-maintenance and highly desirable for tenants. The owners have made several recent improvements, including replacing most of the windows, updating the electric, installing four new water heaters, and changing out the gutters in 2022. These updates ensure long-term durability and efficiency. Additionally, each of the four units is separately metered for utilities, offering tenants more control over their expenses while simplifying management for the owner. The property features a shared backyard, perfect for outdoor relaxation, and on-street parking adds convenience for residents. Investors should inquire with local lenders about the potential for qualifying for a DSCR loan to maximize their investment potential. Don’t miss out on this great cash-flowing opportunity in a prime location! Schedule a showing today!
For sale
$419,000
321 W Race St, Martinsburg, WV 25401
6beds
--baths
2,120sqft
Est.:
Quadruplex
Built in 1900
-- sqft lot
$407,900 Zestimate®
$198/sqft
$-- HOA
What's special
- 18 days
- on Zillow |
- 180 |
- 12 |
Zillow last checked: 7 hours ago
Listing updated: April 14, 2025 at 06:31am
Listed by:
Holly Wilson 304-820-5690,
Samson Properties
Source: Bright MLS,MLS#: WVBE2038928

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- Window Unit(s), Electric
Appliances
- Included: Oven/Range - Electric, Refrigerator, Water Heater, Electric Water Heater
Features
- Bathroom - Stall Shower, Bathroom - Tub Shower, Breakfast Area, Family Room Off Kitchen, Dry Wall
- Flooring: Luxury Vinyl, Wood
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,120
- Total interior livable area: 2,120 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Patio & porch: Porch
- Exterior features: Lighting, Sidewalks
- Pool features: None
- Has view: Yes
- View description: City, Street
- Frontage type: Road Frontage
Lot
- Size: 4,299 Square Feet
- Features: Cleared, Level, Not In Development, Rear Yard, Downtown
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 06 10024300000000
- Zoning: 102
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Quadruplex
Materials
- Aluminum Siding
- Foundation: Permanent, Crawl Space
Condition
- Good
- New construction: No
- Year built: 1900
- Major remodel year: 2023
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Sewer Available, Water Available
Community & HOA
Location
- Region: Martinsburg
- Municipality: City Of Martinsburg
Financial & listing details
- Price per square foot: $198/sqft
- Tax assessed value: $79,000
- Annual tax amount: $1,448
- Date on market: 4/8/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan,1031 Exchange
- Ownership: Fee Simple
- Total actual rent: 45600
- Income includes: Apartment Rentals
- Road surface type: Paved
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