Martinsburg, WV 25401 531 King W

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Presented By: Samson Properties
  • MLS# WVBE2038730
  • 03/28/2025
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  • Beds • 6

Home Details

This property is fully rented, and the leases remain in effect after the sale. The current rent roll is $4,775.00, monthly which includes pet fees. This is an old building that has been modified over time, and all measurements and footage are estimates. The current owner has renovated almost the entire building. The roof was replaced before the owner purchased the building. It is a low-maintenance, income-generating property ready for its next owner to collect the rents. It comes with a concrete block garage/storage space at the back of the property and offers a small fenced backyard to the tenant in Unit D. The property adjoins the Woolen Mill condo project, which may increase the property's value upon completion as Martinsburg continues to develop. The property reflects the characteristics of Old Downtown Martinsburg. It is one block from the Garage at King, a few blocks from the judicial center, and within walking distance of various Downtown Martinsburg events. It is also four blocks from Burke Street Park and the walking trail, approximately four blocks from the MARC train station and Roundhouse, and two blocks from Everything Cheesecake. Its location is convenient. Viewing times for the property are limited to respect the tenants' working hours and privacy. Showings are only available on Saturdays and Sundays from 11:00am to 2:00pm. There is no lockbox and no sign. Please schedule online. Thank you.
Presented By: Samson Properties

Interior Features for 531 King W

Bedrooms

Three Bedroom Units Count1

Other Interior Features

LivingAreaSourceEstimated
Basement (Y/N)No
Central Air Y/NNo
Fireplace Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Interior AmenitiesOther

General for 531 King W

Acceptable FinancingCash, Conventional, FHA
AccessibilityNone
Architectural StyleColonial
CityMARTINSBURG
Construction MaterialsBrick, Stone, Wood Siding, Aluminum Siding, Concrete, Combination
Cool FuelElectric
CoolingWindow Unit(s)
CountyBERKELEY
DirectionsFrom 81 Take the King Street Exit towards Martinsburg. It will be on the right one block prior to Winchester Avenue
DisclosuresLead Based Paint - State, Prop Disclaimer
Garage Y/NNo
Gross Income57300.00
HeatingBaseboard - Electric
Lease TypeGross
Lot Size Square Feet6000.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-03-29T22:08:49
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
NumberOfUnitsVacant
One Bedroom Units Count3
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
PossessionCoin w/Sell Sett
Price Per Sq Ft Total AG156.67
Property SubtypeQuadruplex
Property TypeMulti-Family
Rent Control Y/NNo
RoofArchitectural Shingle
School DistrictBERKELEY COUNTY SCHOOLS
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeOther
Subdivision NameNONE AVAILABLE
Tax Annual Amount3123.29
Tax Assessed Value98520.0
Tax Year2024
Total Actual Rent57300.00
Total SQFT3000
Two Bedroom0
Vacation Rental Y/NNo
Virtual TourClick here
Water Access Y/NNo
Waterfront Y/NNo
Year Built1935
Year Built SourceEstimated
ZoningDOWNTOWN

Exterior for 531 King W

Lot Size Acres0.14
Lot Size SourceEstimated
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Schools

Elementary School N/A
Middle School N/A
High School Martinsburg High School

Rachel Shepherd

Price $470,000
MLS#WVBE2038730
List Date 03/28/2025
Property Type Multi-Family
Phone 703.929.4729
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