311-315 S Raleigh Street Martinsburg, WV $ 354,900
311-315 S Raleigh Street
$ 354,900
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311-315 S Raleigh Street

Martinsburg, WV, 25401
$ 354,900
Bedrooms4 Baths0.0

Monthly Estimate*

$ 2,451

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Multi-Family Home for sale in Martinsburg, WV

for $354,900 with 4 bedrooms. This home was built in 1925 on a lot size of 0.22.

Turn-key investment property available with high-traffic, downtown location. Income producing, currently set up with 3 residential apartments, and one commercial tenant, plus storage leasing. The property includes separate lots along with the large two-story building with central heating and air, a detached cottage, a separate garage with 7 storage units, plus a large private parking lot. With all three tax records combined, the 0.217-acre lot benefits from its prime location with a level terrain and significant road frontage. The main building has a one bedroom apartment and one commercial space on the main level and a second residential apartment on the second level. The storage units at the rear of the property are being marketed as-is.

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Multi-Family Active

Price

$ 354,900

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 3,852

Style

Colonial

Lot Size

0.22

Year Built

1925

Town/City

Martinsburg

County/Region

Berkeley

MLS | Web ID

WVBE2055430

Features
General
Living Area 2913
Sewer Public Sewer
Heating Central Other Zoned
Cooling Central A/C
Utilities Cable TV Electric Available Natural Gas Available Sewer Available Water Available
Possession 0-30 Days CD 31-60 Days CD Immediate Negotiable Settlement
Roof Metal
Zoning 105
Architectural Style Colonial
Construction Materials Block
School District BERKELEY COUNTY SCHOOLS
Year Built 1925
View Street
Property Subtype Quadruplex
Tax Year 2026
Ownership Fee Simple
Cool Fuel Electric
Municipality City Of Martinsburg
Gross Income 42180.00
Accessibility None
County BERKELEY
Net Operating Income 28756.00
Operating Expense 13423.71
Insurance Expense 2404.00
New Construction N
Property Type Multi-Family
Subdivision Name MARTINSBURG CITY
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions From WV-45 W. Continue onto W Moler Ave. Turn left onto N Raleigh St. Destination will be on the right
City MARTINSBURG
Disclosures Underground Storage Tank Prop Disclosure
Number Of Units Total 3
Lot Size Units Square Feet
Lot Size Square Feet 9583.00
Number of Units Leased 4
Tax Annual Amount 3852.34
Property Condition Average
Two Bedroom 1
Structure Type Detached
Price Per Sq Ft Total AG 121.83
Acceptable Financing Cash Conventional Bank Portfolio FHA Other
Historic Y/N N
Rent Control Y/N N
Vacation Rental Y/N N
Virtual Tour https://youtu.be/Krvi8JJ9dRE?is=ZyHwegbDIT-v0qQd
Location Type Downtown
Lease Type None
Standard Status Active
Year Built Source Assessor
Total Actual Rent 42180.00
Cap Rate 8.10
Association Recreation Fee N
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Interior
Heating Fuel Natural Gas
Basement Unfinished
Hot Water Electric
Total Stories 2
Furnished Units Some
Basement (Y/N) Y
Heating Y/N Y
Central Air Y/N Y
Number of Elevators 0
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Exterior
Pool No Pool
Parking Features Paved Parking Private
Lot Features Additional Lot(s) Level Road Frontage
Water Source Public
Type of Parking Parking Lot
Foundation Details Block
Water View Y/N N
Lot Dimensions 31x92; 36.5x64;
Lot Size Acres 0.22
Road Surface Type Black Top Paved
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 108800.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 311
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* Excluded Features
List By
Coldwell Banker Premier

Broker

millerteam@premiermove.com

Email

Affordability Calculator

$2,772
Per Month
88%
12%
0%
Monthly Principal & Interest
$2,451
Monthly Property Taxes
$321
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3533303 Elementary School
3533616 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/22/2026$354,900 Listed Price

Map


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311-315 S Raleigh Street, Martinsburg, WV, 25401 is a Multi-Family Home for sale at $354,900 with a lot size of 0.22. 311-315 S Raleigh Street has 4 bedrooms, 0.0 baths, and was built in 1925. The property's zip code is 25401 which is in Martinsburg, WV