$475,000
SOLD JUN 25, 2025

401 Main Ave Nitro, WV 25143

-- Bed
-- Bath
7,900 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$60 Per Sq Ft

5% Below List Price

85 Days on Market

Highlights

  • Cooling System Mounted In Outer Wall Opening
  • Space Heater
  • Carpet

About This Home

As of June 2025

Investment opportunity in Nitro with 100% occupancy rate. 14 unit building with most of the renovation costs already absorbed. Tenants pay their own utilities except trash and water. Water is then billed back as part of rent. Full rent roll and P&L attached to listing documents.

Last Agent to Sell the Property

Rich Kline

Meeks Realty Group License #190300686 Listed on: 01/31/2025

Last Buyer's Agent

Brody Nash

Century 21 Homes & Land License #0029516

Century 21 Homes & Land

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $4,317

Year Built

  • Built in 1970

Lot Details

  • 10,454 Sq Ft Lot

Home Design

  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 7,900 Sq Ft Home
  • Insulated Windows

Kitchen

  • Oven
  • Range

Flooring

  • Carpet
  • Vinyl

Schools

  • Nitro Elementary School
  • Andrew Jackson Middle School
  • Nitro High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Space Heater

Listing and Financial Details

  • Security Deposit $8,100
  • Tenant pays for air conditioning, electricity, gas, heat
  • The owner pays for common area maintenance, insurance, management, sewer, taxes, trash collection, water
  • Assessor Parcel Number 27-0010-0026-0000-0000

Community Details

Overview

  • 14 Units

Building Details

  • Operating Expense $50,432
  • Gross Income $106,723
  • Net Operating Income $56,306

Property Details

Home Type

Apartment

Est. Annual Taxes

$4,317

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.24
  • Lot Size: 0x0x0x0
  • Directions: From Nitro exit of I-64 take Rt 25 East towards Nitro for 2.1 miles. Turn right onto Lock Ave. Go approx .5 mile to 401 Main Ave. Building will be on your left.
  • Structure Type: Apartment
  • Year Built: 1970
  • Property Sub Type Additional: Apartment
  • Special Features: None

Interior Features

  • Appliances: Oven, Range, Refrigerator
  • Owner Pays: Common Area Maintenance, Insurance, Management, Sewer, Taxes, Trash Collection, Water
  • Has Basement: None
  • Basement YN: No
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Living Area: 7900.0
  • Window Features: Insulated Windows, Non-Insulated

Exterior Features

  • Waterfront: No
  • Construction Type: Block
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Features: Parking Space(s)

Utilities

  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Individual, Space Heater
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Nitro
  • High School: Nitro
  • Middle Or Junior School: Andrew Jackson

Lot Info

  • Parcel #: 27-0010-0026-0000-0000

Rental Info

  • Lease Term: 12 Months
  • Tenant Pays: Air Conditioning, Electricity, Gas, Heat
  • Security Deposit: 8100.0

Multi Family

  • Number Of Units Total: 14
  • Annual Gross Income: 106723.0
  • Property Net Operating Income: 56306.0
  • Annual Operating Expense: 50432.0

Tax Info

  • Tax Annual Amount: 4317.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/25/2025 06/25/25 Sold $475,000 -5.0% $60 / Sq Ft
04/26/2025 04/26/25 Pending -- -- --
03/20/2025 03/20/25 For Sale $499,900 0.0% $63 / Sq Ft
02/08/2025 02/08/25 Pending -- -- --
01/31/2025 01/31/25 For Sale $499,900 +100.0% $63 / Sq Ft
04/25/2022 04/25/22 Sold $250,000 0.0% $32 / Sq Ft View Prior Sale
04/25/2022 04/25/22 For Sale $250,000 -- $32 / Sq Ft
Source: Kanawha Valley Board of REALTORS®

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 $4,314 $136,380 $10,740 $125,640
2024 $4,314 $136,380 $10,740 $125,640
2023 $4,318 $136,380 $10,740 $125,640
2022 $4,322 $136,380 $10,740 $125,640
2021 $4,333 $136,380 $10,740 $125,640
2020 $4,336 $136,380 $10,740 $125,640
2019 $4,336 $136,380 $10,740 $125,640
2018 $3,916 $136,380 $10,740 $125,640
2017 $3,904 $136,380 $10,740 $125,640
2016 $3,895 $136,380 $10,740 $125,640
2015 $4,190 $147,300 $10,740 $136,560
2014 $4,113 $147,300 $10,740 $136,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Kanawha Valley Board of REALTORS®

MLS Number: 276808

Kanawha Valley Board of REALTORS®
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