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For sale
  • $419,000

    321 W Race St, Martinsburg, WV 25401

    6beds
    --baths
    2,120sqft
    : 
    Quadruplex
    Built in 1900
    -- sqft lot
    $407,900 Zestimate®
    $198/sqft
    $-- HOA

    What's special

    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!
    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#: WVBE2038928MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 321 W Race St.

    Next available tour time:Today at 6pm

    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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