2045 University Ave Morgantown, WV 26505
Sunnyside NeighborhoodEstimated payment $6,545/month
Highlights
- Contemporary Architecture
- Wood Flooring
- Public Transportation
- Eastwood Elementary School Rated A-
- Neighborhood Views
- 4-minute walk to Wiles Hill Park
About This Home
High-Yield Tri-Unit on University Avenue: Maximize your portfolio with this versatile, income-generating commercial property perfectly positioned for high visibility in Morgantown. This tri-unit building offers an incredible mix of established retail, a high-demand specialty tenant, and massive value-add potential in the lower level. Unit 1: The Superette Currently under a lease at $2,573.43/month. This 1,271 sq. ft. space (31' x 41') provides a consistent anchor for the building’s cash flow. Unit 2: The Dispensary A premier 1,353 sq. ft. retail space (33' x 41') currently leased at $5,536.50/month. This lease features a strategic "future-proof" clause: should recreational cannabis be legalized, the rent automatically adjusts to $8,000.00/month, offering a massive built-in boost to your ROI. Unit 3: The Entertainment Potential (Lower Level) The 1,287 sq. ft. dry, unfinished basement is a blank canvas ready for a bar, arcade, or lounge. Equipped with its own 200-amp service and existing plumbing for a kitchen and bathroom, it is primed for development. BONUS: With an acceptable offer, the owner is willing to construct a dedicated staircase providing direct access from University Ave to the basement entrance. Lease Option: The owner is also open to leasing the basement separately for $1,200/month plus pro-rata taxes and insurance—perfect for a startup or satellite location. Whether you are looking for a turnkey investment with guaranteed appreciation or a multi-use space in the heart of the action, this property is a rare find. Schedule your private tour today to see the numbers for yourself!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,008
Year Built
- Built in 1964
Lot Details
- 5,227 Sq Ft Lot
- Sprinkler System
Home Design
- Contemporary Architecture
- Block Foundation
- Rolled or Hot Mop Roof
- Wood Siding
- Block Exterior
Interior Spaces
- 3,911 Sq Ft Home
- 1-Story Property
- Ceiling height of 9 feet or more
- Wood Flooring
- Neighborhood Views
- Unfinished Basement
- Exterior Basement Entry
- Fire and Smoke Detector
Parking
- 3 Car Parking Spaces
- Off-Street Parking
Outdoor Features
- Exterior Lighting
Schools
- Suncrest Elementary School
- Suncrest Middle School
- Morgantown High School
Utilities
- Forced Air Heating and Cooling System
- 200+ Amp Service
Listing and Financial Details
- Assessor Parcel Number 0131
Community Details
Overview
- 3 Units
Amenities
- Public Transportation
- Community Library
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,069 | $268,080 | $81,900 | $186,180 |
| 2024 | $7,069 | $267,120 | $81,900 | $185,220 |
| 2023 | $7,028 | $267,120 | $81,900 | $185,220 |
| 2022 | $6,791 | $266,340 | $81,900 | $184,440 |
| 2021 | $6,817 | $266,340 | $81,900 | $184,440 |
| 2020 | $6,842 | $266,340 | $81,900 | $184,440 |
| 2019 | $6,881 | $266,340 | $81,900 | $184,440 |
| 2018 | $2,092 | $80,760 | $41,160 | $39,600 |
| 2017 | $2,101 | $80,760 | $41,160 | $39,600 |
| 2016 | $2,292 | $87,660 | $41,160 | $46,500 |
| 2015 | $2,211 | $87,660 | $41,160 | $46,500 |
| 2014 | $2,129 | $87,660 | $41,160 | $46,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/19/2025 12/19/25 | For Sale | $1,150,000 | -- | $294 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $670,000 | None Available | |
| Deed | $615,000 | None Available | |
| Quit Claim Deed | -- | None Available | |
| Deed | $100,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $670,000 | Commercial | |
| Previous Owner | $150,000 | Commercial |
Source: North Central West Virginia REIN
MLS Number: 10162829
APN: 12-20-01310000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Data provided by North Central WV Real Estate Information Network, Inc.
IDX information is provided exclusively for consumers’ personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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