Martinsburg, WV 25401 321 W Race Street

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Presented By: Samson Properties
  • MLS# WVBE2038928
  • 04/08/2025
  • Request Tour
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  • Beds • 6

Home Details

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!
Presented By: Samson Properties

Interior Features for 321 W Race Street

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceEstimated
Basement (Y/N)No
Central Air Y/NNo
Fireplace Y/NNo
FlooringLuxury Vinyl Plank
Furnished UnitsNone
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric
Interior AmenitiesBathroom - Stall Shower, Bathroom - Tub Shower, Breakfast Area, Family Room Off Kitchen, Wood Floors
Total Stories2

General for 321 W Race Street

Acceptable FinancingCash, Conventional, FHA, VA, Exchange
AccessibilityNone
AppliancesOven/Range - Electric, Refrigerator, Water Heater
Architectural StyleColonial
Association Recreation FeeN
CityMARTINSBURG
Construction MaterialsAluminum Siding
Cool FuelElectric
CoolingWindow Unit(s)
CountyBERKELEY
DirectionsFrom the Samson Martinsburg office: From parking lot, turn left onto Edwin Miller Blvd. Turn right onto Raleigh St. Make a left onto W. Race St. Property on the left. There is no for sale sign.
Garage Y/NNo
Gross Income45600.00
HeatingBaseboard - Electric
Historic Y/NNo
Lease TypeYearly
Location TypeDowntown
Lot Size Square Feet4299.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-04-27T19:08:26
MunicipalityCity Of Martinsburg
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
NumberOfUnitsVacant
One Bedroom Units Count2
Other StructuresAbove Grade, Below Grade
OwnerPaysLawn/Shrub Care, Water, Sewer
OwnershipFee Simple
Patio/Porch FeaturesPorch(es)
Possession0-30 Days CD, Negotiable, Settlement
Price Per Sq Ft Total AG188.21
Property ConditionGood
Property SubtypeQuadruplex
Property TypeMulti-Family
School DistrictBERKELEY COUNTY SCHOOLS
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive
StatusACTIVE
Structure TypeOther
Tax Annual Amount1448.0
Tax Assessed Value79000.0
Tax Year2021
Total Actual Rent45600.00
Total SQFT2120
Two Bedroom2
UtilitiesElectric Available, Sewer Available, Water Available
Vacation Rental Y/NNo
ViewCity, Street
Water Access Y/NNo
Waterfront Y/NNo
Year Built1900
Year Built SourceEstimated
Zoning102

Exterior for 321 W Race Street

Exterior AmenitiesExterior Lighting, Sidewalks
Foundation DetailsPermanent, Crawl Space
Land Assessed Value17000.00
Land Use Code004
Lot FeaturesCleared, Level, Not In Development, Rear Yard, Road Frontage
Lot Size Acres0.10
Lot Size SourceEstimated
Navigable Water Y/NNo
PoolNo Pool
Road ResponsibilityCity/County
Road Surface TypePaved
SpaNo
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $399,000
MLS#WVBE2038928
List Date 04/08/2025
Property Type Multi-Family
Phone 703.929.4729
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