1024 Cayton St, Morgantown, WV, 26505
About This Home
TWO INCOME-PRODUCING PROPERTIES NEAR WVU – TURNKEY INVESTMENT OPPORTUNITY Positioned just 0.5 miles from West Virginia University Downtown Campus and the WVU Mountainlair, this rare dual-property package offers immediate cash flow in one of Morgantown’s most desirable rental locations. Perfect for investors seeking consistent income, the offering includes 1024 Cayton Street, a 2-bedroom, 2-bath home leased through May 20, 2027 at $1,200 per month, and 1048 College Avenue, a neighboring 2-bedroom, 1-bath home also leased through May 20, 2027 at $800 per month. With both properties, tenants are responsible for all utilities and lawn care, making them a low-maintenance investment for the owner. Together, the properties generate $2,000 in monthly rental income and boast a strong rental history with long-term leases already in place. Located side-by-side for simplified management and scalability, this package is ideal for student housing or portfolio expansion. Opportunities like this—two adjacent, fully leased properties in close proximity to WVU—are increasingly rare, making this a true turnkey investment with immediate and reliable returns. - Tenants need a minimum of 24hr notice for showings-
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1920
Materials
- Foundation: Block
- Roof: Shingle
- Construction materials: Frame,Block,Wood Siding,Other
Type & Style
- Home type: MultiFamily
- Architectural style: Raised Ranch
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Range,Dishwasher,Refrigerator
- Laundry features: Washer Hookup
Basement
- Level: Basement
Basement
- Has basement: Yes
- Basement: Finished,Unfinished,Walk-Out Access,Interior Entry,Exterior Entry
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Features
- Wet Bar,Beamed Ceilings
- Flooring: Wood,Vinyl,Laminate
- Attic: Scuttle
- Finished area below ground: 5
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Central Air,Ceiling Fan(s),Electric
Interior Area
- Total structure area: 1,580
- Total interior livable area: 1,600 sqft
Property
Details
- Parcel number: 540613113200622/0621
- Zoning description: Neighborhood Residential
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch,Patio,Deck,Screen Porch
- Fencing: None
- Has view: Yes
- View description: Neighborhood
- Waterfront features: None
Lot
- Lot size: 0.29 Acres
- Features: Sloped,No Outlet Street
- Lot size dimensions: Iregg
Parking
- Total spaces: 1
- Parking features: 1 Car,No Garage
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Hail
- Lightning
- Strong Wind
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across West Virginia Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,087 | $13,044 |
| Home Insurance * | $99 | $1,188 |
| Property Taxes | $80 | $960 |
| Electricity | $181 | $2,178 |
| Total | $1,447 | $17,364 |
Income You'd Need if You Spent...
West Virginia FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-30 | Listed for sale | $215,000 |
| 2023-12-05 | Listing removed | -- |
| 2023-11-02 | Listed for rent | $1,200 |
| 2020-05-27 | Sold | $126,810 |
| 2019-07-22 | Listed for sale | $139,000 |
| 2019-01-23 | Listing removed | $900 |
| 2018-11-14 | Listed for rent | $900 |
| 2017-11-29 | Listing removed | $800 |
| 2017-11-16 | Listed for rent | $800 |
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