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321 W Race Street

MARTINSBURG, WV 25401
  • $399,000
  • STATUS: Active
  • ON SITE: 39 Days
  • ID#: WVBE2038928
$399,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,120
    SQFT
  • $188
    $/SQFT
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

School District:

Description

PRICE IMPROVED by $20,000. This charming quadruplex in the heart of downtown Martinsburg offers an excellent investment opportunity! All four units are currently rented, generating a steady monthly income of $3,800. Each unit has been thoughtfully updated with new vinyl flooring, modernized kitchens, and bathrooms, making this property both low-maintenance and highly desirable for tenants. The owners have made several recent improvements, including replacing most of the windows, updating the electric, installing four new water heaters, and changing out the gutters in 2022. These updates ensure long-term durability and efficiency. Additionally, each of the four units is separately metered for utilities, offering tenants more control over their expenses while simplifying management for the owner. The property features a shared backyard, perfect for outdoor relaxation, and on-street parking adds convenience for residents. Investors should inquire with local lenders about the potential for qualifying for a DSCR loan to maximize their investment potential. Dont miss out on this great cash-flowing opportunity in a prime location! Schedule a showing today!

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©2025 Bright MLS, All Rights Reserved. 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Taylor-Made Deep Creek Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-05-17T23:54:14.313.
www.deepcreeksales.com/homes/162375748
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321 W Race Street MARTINSBURG, WV 25401

  • Price: $399,000
  • Status: Active
  • On Site: 39 Days
  • ID#: WVBE2038928
0
Beds
0
Baths
0
½ Baths
0.1
Acres
2,120
SQFT
$188
$/SQFT
1900
Built
County:
Berkeley
School District:
Berkeley County Schools
Property Description
PRICE IMPROVED by $20,000. This charming quadruplex in the heart of downtown Martinsburg offers an excellent investment opportunity! All four units are currently rented, generating a steady monthly income of $3,800. Each unit has been thoughtfully updated with new vinyl flooring, modernized kitchens, and bathrooms, making this property both low-maintenance and highly desirable for tenants. The owners have made several recent improvements, including replacing most of the windows, updating the electric, installing four new water heaters, and changing out the gutters in 2022. These updates ensure long-term durability and efficiency. Additionally, each of the four units is separately metered for utilities, offering tenants more control over their expenses while simplifying management for the owner. The property features a shared backyard, perfect for outdoor relaxation, and on-street parking adds convenience for residents. Investors should inquire with local lenders about the potential for qualifying for a DSCR loan to maximize their investment potential. Dont miss out on this great cash-flowing opportunity in a prime location! Schedule a showing today!
Exterior Features

Architectural Style Colonial Construction Materials Aluminum Siding Exterior Features Exterior LightingSidewalks Garage YN No Location Type Downtown Lot Features ClearedLevelNot In DevelopmentRear YardRoad Frontage Parking Types On Street Patio And Porch Features Porch(es) Pool No Pool Property Condition Good Road Responsibility City/County Road Surface Type Paved View CityStreet Water Access YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2120 Appliances Oven/Range - ElectricRefrigeratorWater Heater Basement YN No Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Window Unit(s) Fireplace YN No Flooring Luxury Vinyl Plank Heating Baseboard - Electric Heating YN Yes Interior Features Bathroom - Stall ShowerBathroom - Tub ShowerBreakfast AreaFamily Room Off KitchenWood Floors Single Room Units 0 Spa YN No Three Bedroom Units 0 Two Bedroom Units 2 Units Furnished None Walls Ceilings Dry Wall

Property Features

Acceptable Financing CashConventionalFHAVAExchange Accessibility Features None Central Air YN No Cooling Fuel Electric Existing Lease Type Yearly Foundation Details PermanentCrawl Space Gross Income 45600.00 Heating Fuel Electric Historic YN No Hot Water Electric Municipality City Of Martinsburg Navigable Water YN N New Construction YN No Number Of Units Leased 4 Number Of Units Total 4 Number Of Units Vacant 0 Original MLSNumber 803739409910 Owner Pays Lawn/Shrub CareWaterSewer Ownership Interest Fee Simple Property Sub Type Quadruplex Sale Type Standard Sewer Public Sewer Structure Design Type Other Tax Annual Amount 1448.00 Total Actual Rent 45600.00 Utilities Electric AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Year Built Effective 2023 Zoning 102

Listing courtesy of Samson Properties: .


©2025 Bright MLS, All Rights Reserved. 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Taylor-Made Deep Creek Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2025-05-17T23:54:14.313.
 
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