1284 River Road Morgantown, WV 26501
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5191559
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 2002
Annual Tax Amount $976
Tax Year 2025
Lot Size 1.590 Acres
Acres 1.59
Property Sub-Type Duplex
Stories One and One Half,One
Story One and One Half,One
Property Description
Unlock Maximum ROI on 1.59 Unrestricted Acres
Positioned in a high-growth corridor, this rare 1.59-acre asset offers a unique income stream potential with no zoning restrictions, perfect for a residential compound, commercial hub, or short/long-term rental portfolio.
The Assets include Primary Residence (Value-Add Potential): A spacious 3BD/2BA home featuring high-end granite and custom stone masonry. Investor Bonus: The massive recreation wing has its own entrance and is equipped with existing kitchen and bath, allowing for a minimum amount of effort to convert into a third independent living suite or professional office.
Secondary ADU (Income Ready): A modern 1BD + Loft unit with vaulted ceiling and independent laundry. PERFECT FOR LONG-TERM LEASING OR HIGH-DEMAND TRAVEL NURSING/STUDENT HOUSING GIVEN THE PROXIMITY TO WVU.
Fleet-Grade Infrastructure: The gravel lot provides ample parking for heavy equipment or commercial fleets, catering to home-based businesses or multiple tenant logistics.
Strategic Location & Future Appreciation:
7 Minutes to WVU: CAPTURES THE MASSIVE UNIVERSITY RENTAL/PROFESSIONAL MARKET.
Proximity: 10 mins to Mall Rd retail and 15 mins to the airport.
Infrastructure Growth: Ideally situated to benefit from the Harmony Grove Interchange (Phase 2). The upcoming River Road exit will significantly increase accessibility and potentially the property valuation.
Development & Scale:
LOCATED OUTSIDE CITY LIMITS WITH ZERO ZONING RESTRICTIONS, THE FLEXIBILITY FOR MIXED-USE DEVELOPMENT IS UNPARALLELED. FOR INVESTORS SEEKING A LARGER FOOTPRINT, THE ADJACENT PARCEL IS ALSO AVAILABLE, OFFERING A RARE ASSEMBLY OPPORTUNITY FOR A LARGER COMMERCIAL OR RESIDENTIAL PROJECT.
Capitalize on this versatile asset before the new interchange is completed. Contact us for a pro-forma discussion or private tour.
Location
State WV
County Monongalia
Interior
Interior Features Wet Bar, Granite Counters, Storage, Vaulted Ceiling(s)
Heating Baseboard, Electric, Forced Air, Fireplace(s), Gas
Cooling Central Air, Ceiling Fan(s), Electric
Fireplaces Type Gas
Fireplace Yes
Window Features Blinds,Double Pane Windows,Insulated Windows
Appliance Dishwasher, Microwave, Range, Refrigerator
Laundry Main Level, Laundry Room
Exterior
Exterior Feature Storage
Parking Features Driveway, Gravel, Gated, Oversized, Parking Lot
Water Access Desc Public
Roof Type Asphalt,Fiberglass
Private Pool No
Building
Lot Description Additional Land Available, See Remarks
Sewer Septic Tank
Water Public
Level or Stories One and One Half, One
Schools
School District Monongalia Wvcsd
Others
Tax ID 31-070-01300650000
Acceptable Financing Cash, Conventional, FHA, USDA Loan, VA Loan
Listing Terms Cash, Conventional, FHA, USDA Loan, VA Loan
Special Listing Condition Standard
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