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For sale
  • Price increase: $55K (6/24)
    $950,000

    2045 University Ave, Morgantown, WV 26505

    --beds
    3,911sqft
    : 
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    Multi Family
    Built in 1964
    -- sqft lot
    $893,900 Zestimate®
    $243/sqft
    $-- HOA

    What's special

    High-Yield Tri-Unit on University Avenue: Maximize your portfolio with this versatile, income-generating commercial property perfectly positioned for high visibility in Morgantown. This tri-unit building offers an incredible mix of established retail, a high-demand specialty tenant, and massive value-add potential in the lower level. Unit 1: The Superette Currently under a lease at $2,573.43/month. This 1,271 sq. ft. space (31' x 41') provides a consistent anchor for the building’s cash flow. Unit 2: The Dispensary A premier 1,353 sq. ft. retail space (33' x 41') currently leased at $5,536.50/month. This lease features a strategic "future-proof" clause: should recreational cannabis be legalized, the rent automatically adjusts to $8,000.00/month, offering a massive built-in boost to your ROI. Unit 3: The Entertainment Potential (Lower Level) The 1,287 sq. ft. dry, unfinished basement is a blank canvas ready for a bar, arcade, or lounge. Equipped with its own 200-amp service and existing plumbing for a kitchen and bathroom, it is primed for development. Lease Option: The owner is also open to leasing the basement separately for $1,200/month plus pro-rata taxes and insurance—perfect for a startup or satellite location. Whether you are looking for a turnkey investment with guaranteed appreciation or a multi-use space in the heart of the action, this property is a rare find. Schedule your private tour today to see the numbers for yourself!
    214 days
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    208
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    9
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    Zillow last checked:

    Listing updated:

    Listed by:

    JAMES CRAIG 304-282-1332,

    BLUE SKY REALTY, LLC

    Source: NCWV REIN,MLS#: 10162829MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 3
      • Full bathrooms: 3
      Basement
      • Level: Basement
      Heating
      • Central, Forced Air
      Cooling
      • Central Air
      Appliances
      • Included: Other
      Features
      • 9ft+ Ceiling
      • Flooring: Wood
      • Basement: Unfinished,Concrete,Exterior Entry
      • Attic: None
      Interior area
      • Total structure area: 3,911
      • Total interior livable area: 3,911 sqft
      • Finished area below ground: 5

      Property

      Parking
      • Total spaces: 3
      • Parking features: Off Street, 3+ Cars, No Garage
      • Has uncovered spaces: Yes
      Features
      • Levels: 1
      • Stories: 1
      • Exterior features: Lighting
      • Fencing: None
      • Has view: Yes
      • View description: Neighborhood
      • Waterfront features: None
      Lot
      • Size: 5,227 Square Feet
      • Features: Other
      Details
      • Parcel number: 3112002001310000
      • Zoning description: General Commercial

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Contemporary
      • Property subtype: Multi Family
      Materials
      • Block, Wood Siding
      • Foundation: Block
      • Roof: Rolled/Hot Mop
      Condition
      • Year built: 1964

      Utilities & green energy

      • Electric: 200+ Amp Service
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Library, Public Transportation
      • Security: Smoke Detector(s), Fire Sprinkler System
      Location
      • Region: Morgantown

      Financial & listing details

      • Price per square foot: $243/sqft
      • Annual tax amount: $6,008
      • Date on market: 12/19/2025
      • Total actual rent: 8109
      • Electric utility on property: Yes

        Estimated market value

        $893,900

        $849,000 - $939,000

        $1,535/mo

        Price history

        DateEventPrice
        6/24/2026Price change$950,000+6.1%$243/sqft
        Source: NCWV REIN #10162829 Report a problem
        3/25/2026Price change$895,000-10.5%$229/sqft
        Source: NCWV REIN #10162829 Report a problem
        2/24/2026Price change$1,000,000-13%$256/sqft
        Source: NCWV REIN #10162829 Report a problem
        12/19/2025Listed for sale$1,150,000$294/sqft
        Source: NCWV REIN #10162829 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Sunnyside

        Getting around

        70 / 100
        Very Walkable
        44 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Suncrest Elementary
        • Middle: Suncrest Middle
        • High: Morgantown High
        • District: Monongalia

        Source: NCWV REIN. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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