• Broker David Lorenze, CCIM, SIOR 3044134350
  • Broker Anna Carrier 3044134350
  • Broker Mark Nesselroad, Esq, MBA 3044134350

1493 University Ave - 33 Beds | Student Housing / Re-Development 11,492 SF Specialty Building Offered at $1,345,000 in Morgantown, WV 26505

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INVESTMENT HIGHLIGHTS

  • Turn-Key Property
  • Updated Commercial Kitchen
  • Walkable Access to Campus Life
  • Extensively Renovated
  • New Plumbing
  • Sprinkler System

EXECUTIVE SUMMARY

With its unbeatable campus-front location and thoughtfully curated living experience, 1493 University Avenue stands out as a premier student housing opportunity. This 33-bed, four story property was designed for maximum appeal and minimal hassle. The property delivers the kind of consistent rental performance investors seek. Its inviting common areas, upgraded amenities, and walkable access to campus life make it a favorite among students. This turn-key property blends historic charm with modern functionality, making it a rare and valuable investment in one of Morgantown’s most sought-after locations.
The subject property provides practically direct access to the Mountain Line bus stop along University Avenue. Along Beechurst Avenue there is a daily traffic count of 23,194 vehicles. Source: ©2024 Kalibrate Technologies (Q4 2024).

ATTACHMENTS

1493 University Avenue Marketing Flyer
Main Floor First Floor
Second Floor
Attic Top Floor
Basement Floor

PROPERTY FACTS

Price $1,345,000 Building Size 11,492 SF
Price Per SF $117.04 No. Stories 4
Sale Type Owner User Year Built/Renovated 1930/2024
Property Type Specialty Parking Ratio 0.35/1,000 SF
Property Subtype Sorority/Fraternity House Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size 0.17 AC
Zoning R-2
Price $1,345,000
Price Per SF $117.04
Sale Type Owner User
Property Type Specialty
Property Subtype Sorority/Fraternity House
Lot Size 0.17 AC
Building Size 11,492 SF
No. Stories 4
Year Built/Renovated 1930/2024
Parking Ratio 0.35/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning R-2

AMENITIES

  • Air Conditioning

LINKS

  • Detailed Marketing Flyer Link
  • Investment Industry Pamphlet
  • Black Diamond Realty Website
Walk Score®
Walker's Paradise (90)

PROPERTY TAXES

Parcel Number 11-26-00310000 Improvements Assessment $448,020 (2024)
Land Assessment $25,020 (2024) Total Assessment $473,040 (2024)

PROPERTY TAXES

Parcel Number
11-26-00310000
Land Assessment
$25,020 (2024)
Improvements Assessment
$448,020 (2024)
Total Assessment
$473,040 (2024)

MAP

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  • Listing ID: 36146751

  • Date on Market: 6/6/2025

  • Last Updated: 7/2/2025

  • Address: 1493 University Ave, Morgantown, WV 26505