NOT LISTED FOR SALE

245 Walnut St Morgantown, WV 26505

Downtown Morgantown Neighborhood

Estimated Value: $1,164,898

-- Bed
-- Bath
15,675 Sq Ft
$74/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $1,200,000 $77 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $6,985/month

99 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • 2-minute walk to Stanely's Spot Dog Park
  • Eastwood Elementary School Rated A-
  • Heating Available

About This Home

As of June 2024

Introducing a prime investment opportunity: a multifamily property comprising 16 units, including 12 residential and 4 commercial spaces. Renovated throughout and equipped with new electric heating, this expansive 15,000 sqft building is nestled in the heart of desirable Morgantown. Boasting high occupancy rates and a convenient sprinkler system, this property offers both stability and growth potential. Don't miss out on this lucrative investment – schedule your viewing today!

Last Agent to Sell the Property

Garrison Wolfe

RE/MAX Broadwater Brokerage Phone: 3042422600 License #WVS210301436 Listed on: 02/28/2024

RE/MAX Broadwater

Last Buyer's Agent

Garrison Wolfe

RE/MAX Broadwater Brokerage Phone: 3042422600 License #WVS210301436 Listed on: 02/28/2024

RE/MAX Broadwater

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 3,485 Sq Ft Lot

Home Design

  • Block Foundation

Interior Spaces

  • 15,675 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Carpet

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Community Details

  • 16 Units

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for sewer, trash collection, water
  • Tax Lot 126
  • Assessor Parcel Number 0126

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.08
  • Directions: Head Down Spruce street, the building will be at the intersection of Walnut Street and Spruce
  • Unit Levels: Three Or More
  • Structure Type: Multi Family
  • Year Built: 1920
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Owner Pays: Sewer, Trash Collection, Water
  • Flooring: Carpet, Hardwood
  • Living Area: 15675

Exterior Features

  • Disclosures: No
  • Construction Type: Brick
  • Foundation Details: Block

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: City
  • Water Source: City

Schools

  • Junior High Dist: Other

Lot Info

  • Lot Size Sq Ft: 3485
  • Farm Land Area Units: Square Feet
  • Parcel #: 0126
  • Zoning: Commercial
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 16
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Lot: 126
  • Tax Map Number: 26A
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2025
Sold by
Paramount Equity Group Llc
Bought by
Brookhaven Apartments Llc
Current Estimated Value
$1,164,898

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$726,332
Outstanding Balance
$724,467
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$440,431

Purchase Details

Listed on
Feb 28, 2024
Closed on
Jun 20, 2024
Sold by
Lkas Investments Llc
Bought by
Paramount Equity Group Llc
Seller's Agent
Garrison Wolfe
RE/MAX Broadwater
Buyer's Agent
Garrison Wolfe
RE/MAX Broadwater
List Price
$1,500,000
Sold Price
$1,200,000
Premium/Discount to List
-$300,000
-20%
Views
58

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.04%
Original Mortgage
$473,667
Interest Rate
7.02%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 18, 2022
Sold by
Db Ka Llc
Bought by
Lkas Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2021
Sold by
Chen Esther Fu Mei
Bought by
Db Ka Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
2.8%
Mortgage Type
Stand Alone Second
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Brookhaven Apartments Llc -- None Listed On Document
Brookhaven Apartments Llc -- None Listed On Document
Paramount Equity Group Llc $1,200,000 None Listed On Document
Paramount Equity Group Llc $1,200,000 None Listed On Document
Lkas Investments Llc $4,620 Bowles Rice Llp
Db Ka Llc $525,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brookhaven Apartments Llc $726,332
Closed Brookhaven Apartments Llc $726,332
Previous Owner Paramount Equity Group Llc $473,667
Previous Owner Lkas Investments Llc $750,000
Previous Owner Db Ka Llc $550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2024 06/28/24 Sold $1,200,000 -20.0% $77 / Sq Ft
06/08/2024 06/08/24 Pending -- -- --
05/09/2024 05/09/24 For Sale $1,500,000 0.0% $96 / Sq Ft
04/29/2024 04/29/24 Pending -- -- --
04/10/2024 04/10/24 For Sale $1,500,000 0.0% $96 / Sq Ft
03/13/2024 03/13/24 Pending -- -- --
02/29/2024 02/29/24 For Sale $1,500,000 -- $96 / Sq Ft
Source: Wheeling Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $10,282 $389,940 $114,180 $275,760
2024 $10,282 $334,980 $76,080 $258,900
2023 $8,814 $334,980 $76,080 $258,900
2022 $8,541 $334,980 $76,080 $258,900
2021 $8,574 $334,980 $76,080 $258,900
2020 $8,605 $334,980 $76,080 $258,900
2019 $8,655 $334,980 $76,080 $258,900
2018 $8,677 $334,980 $76,080 $258,900
2017 $8,714 $334,980 $76,080 $258,900
2016 $8,847 $338,400 $76,080 $262,320
2015 $8,534 $338,400 $76,080 $262,320
2014 $8,218 $338,400 $76,080 $262,320
Source: Public Records

Agents Affiliated with this Home

  • Garrison Wolfe

    Seller's Agent in 2024

    Garrison Wolfe

    RE/MAX

    (304) 312-8930

    2 in this area

    89 Total Sales

    Garrison Wolfe
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Map

Source: Wheeling Board of REALTORS®

MLS Number: 135431

APN: 11-26A-01260000

West Virginia Monongalia County Morgantown 26505 Downtown Morgantown

245 Walnut St, Morgantown, WV

Not Listed for Sale

MultiFamily

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