704 Willey St, Morgantown, WV, 26505
About This Home
Exceptional income-producing multifamily investment opportunity just steps from downtown and campus! This well-maintained property offers four separate rental units with private entrances, providing flexibility for investors and strong appeal for student housing. Featuring a total of 9 bedrooms, 5 bathrooms, approximately 2,988 square feet of living space, and built in 1925, this property combines historic character with modern updates. Currently, all 4 units are leased, providing immediate rental income with additional upside potential. The shared basement includes washer and dryer facilities for tenant convenience. The four-bedroom unit has been updated with a new kitchen, including a dishwasher and stove, along with new bathroom flooring and toilet. Recent exterior improvements include a brand-new sidewalk and new concrete steps leading to the inviting front porch. Each unit features spacious porches, offering attractive outdoor living space for tenants. With its prime location to campus, proximity to downtown amenities, established rental history, and student housing demand, this property presents an outstanding opportunity for investors seeking consistent cash flow and long-term appreciation.
Getting Around
Very Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1925
Materials
- Foundation: Slab,Stone
- Roof: Shingle
- Construction materials: Frame,Wood,Brick,Vinyl Siding,Brick/Vinyl
Type & Style
- Home type: MultiFamily
- Architectural style: Historical
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Range,Microwave,Refrigerator,Washer,Dryer,Gas Stove Connection
- Laundry features: Washer Hookup,Gas Dryer Hookup
Basement
- Level: Basement
Basement
- Has basement: Yes
- Basement: Unfinished,Concrete
Bedrooms & Bathrooms
- Bedrooms: 8
- Bathrooms: 5
- Full bathrooms: 5
Features
- High Speed Internet
- Window features: Double Pane Windows
- Flooring: Carpet,Wood,Luxury Vinyl Plank
- Attic: None
- Finished area below ground: 3
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Central Air,Window Unit(s),Ceiling Fan(s),Gas,Electric
Interior Area
- Total structure area: 2,988
- Total interior livable area: 2,988 sqft
Property
Details
- Parcel number: 3113 260402.0000
- Zoning description: Apartment Residential
Features
- Levels: Two
- Stories: 2
- Exterior features: Balcony
- Fencing: None
- Has view: Yes
- View description: Neighborhood
- Waterfront features: None
Lot
- Lot size: 4,356 sqft
- Features: Zero Lot Line
- Lot size dimensions: 58 x 100
Parking
- Parking features: On Street,No Garage
- Has uncovered spaces: Yes
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
- Lightning
- Strong Wind
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 | $1,769 | $21,228 |
| Home Insurance * | $161 | $1,932 |
| Property Taxes | $131 | $1,572 |
| Electricity | $309 | $3,714 |
| Total | $2,370 | $28,440 |
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 |
|---|---|---|
| 2026-06-11 | Listed for sale | $350,000 |
| 2021-03-24 | Listing removed | -- |
| 2019-10-10 | Listing removed | $1,350 |
| 2019-07-29 | Listed for rent | $1,350 |
| 2019-04-28 | Listing removed | $1,800 |
| 2019-03-28 | Price change | $1,800 |
| 2019-03-15 | Listed for rent | $1,350 |
| 1982-11-24 | Sold | $27,500 |
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