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Investment Highlights

  • Walking Distance to Kanawha Boulevard & Magic Island
  • Good Historical Occupancy
  • Proactively Maintained

Executive Summary

This property is located on the east side of Delaware Avenue, just north of Kanawha Boulevard on the near West Side of Charleston. It is located within walking distance to Kanawha Boulevard and Magic Island Park. The site is level and at grade with surrounding properties and has access to all public infrastructure. There is no onsite parking, but street parking is common in this area. The property is zoned R-6, Medium Density Residential District, and is located within the Luna Park Historic District.
The building is a two-story apartment building that was constructed in the early 1900’s. The converted residence includes four units that have undergone periodic renovations and have been proactively maintained. Historical information exhibits strong occupancy with 98% in 2025 and rents averaging $797.50 per month. The landlord pays all utilities and provide a washer/dryer unit in the basement available to the tenants at no cost. Units A & B have forced air heat and units C & D have baseboard heat. Tenants provide their own window air conditioning units.
Financials available upon request to tgoldman@goldmanassociates.org.

Property Facts

Price $311,310 CAD
Price Per Unit $77,827 CAD
Sale Type Investment
No. Units 4
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Single-Family Home
Lot Size 0.09 AC
Building Size 3,120 SF
Average Occupancy 98%
No. Stories 2
Year Built/Renovated 1900/2014
Opportunity Zone Yes
Zoning R-6 - Medium Density Residential District; Property Located in Luna Park Historic District

Amenities

Unit Amenities

  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Range

Site Amenities

  • 24 Hour Access
  • Laundry Service
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 $1,211 CAD 780
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Very bikeable
80/100
  • Listing ID: 41886142

  • Date on Market: 2026-08-26

  • Last Updated:

  • Address: 4 Delaware Ave, Charleston, WV 25302

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