Listed By:
Atoka Properties
411 & 413 Faulkner Avenue, Martinsburg, WV
$ 525,000
Property Attributes
  • MLS#WVBE2023258
  • TypeMulti-Family
  • CountyBERKELEY
  • CityMartinsburg
  • Zip25401
  • StyleTraditional
  • Year Built1905
  • Taxes$ 3220
  • Price$ 525,000
  • Bedrooms8
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,534 SqFt
Data Source:
Bright MLS
Property Description

Calling all investors! Rare opportunity to purchase a fully-rented, turnkey 6-unit multi-family property. Two units in the first building (413 Faulkner Ave) and four units in the other (411 Faulkner Ave). All are fully leased. Three 2-bed apartments, two 1-bed, and one efficiency apartment. See floor plans in the documents section for dimensions and current rent information for each unit. Metal roof was painted two years ago and all siding replaced five years ago. Six hot water heaters, all about three years old.

High School
Martinsburg High School
Price History
10/5/2023 Listed $525,000

General Features

Sewer Public Sewer
Heating Hot Water & Baseboard - Electric
Cooling Window Unit(s)
Utilities Electric Available
Possession Settlement
Roof Metal
Zoning 105
Pool Y/N No Pool
Architectural Style Traditional
Construction Materials Frame,Vinyl Siding
Year Built 1905
View City
Property SubType Other
Tax Year 2021
Percent Ownership Fee Simple
Cool Fuel Electric
Gross Income 60600.00
OwnerPays Taxes - Real Estate
Accessibility Doors - Swing In
New Construction No
Property Type Multi-Family
Subdivision Name NONE AVAILABLE
Garage Y/N No
Water Access Y/N No
Other Structures Above Grade,Below Grade
Directions Directions from Queen St in Martinsburg: Head west on E King St toward S Queen St (0.3 mi). Turn left onto S Raleigh St (0.2 mi). Turn right onto W Stephen St (404 ft). Turn left onto Faulkner Ave. D
ModificationTimestamp 2024-03-20T16:05:24
Buyer Agent Compensation 2.5
Total Units 4
Lot Size Square Feet 6499.00
Tax Assessed Value 187700.0
Waterfront Y/N No
Number of Units Leased 6
Street Name FAULKNER
Tax Annual Amount 3220.0
Two Bedroom 3
Structure Type Detached
Single Room Units Count 1
One Bedroom Units Count 2
Price Per Sq Ft 142.86
Acceptable Financing Cash,Conventional
Historic Y/N No
Rent Control Y/N No
Vacation Rental Y/N No
Total SQFT 3675
Days on Market 194
Lease Type Yearly
Standard Status Active
Year Built Source Assessor
Tax Lot 19-20
Total Actual Rent 60600.00
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee No

Interior Features

Heating Fuel Electric,Natural Gas
Basement Dirt Floor
Flooring Carpet,Laminated,Vinyl,Wood
Hot Water Electric
Furnished Units None
Basement (Y/N) Yes
Heating Y/N Yes
Fireplace Y/N No
Street Suffix AVENUE
Central Air Y/N No
LivingAreaSource Estimated

Exterior Features

Parking Features Paved Parking
Lot Features Level
Water Source Public
Inclusions Kitchen appliances in each unit; shared washer and dryer in laundry area
Type of Parking On Street
Land Use Code 004
Foundation Details Concrete Perimeter
Water View Y/N No
Lot Size Acres 0.15
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 17800.00
Navigable Water Y/N No
Water Oriented Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 25401

AVG $310K
AVG $1,819
AVG 41
Data Provided by Inside Real Estate®
Year Built
AVG 1908

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