321 W Race Street
Martinsburg, WV 25401
- – beds
- – baths
- 2,120 sqft
- 4,299 sqft lot
- $197 per sqft
- 1900 build
This charming quadruplex in the heart of downtown Martinsburg offers an excellent investment opportunity! All four units are currently rented, generating a steady monthly income of $3,800. Each unit has been thoughtfully updated with new vinyl flooring, modernized kitchens, and bathrooms, making this property both low-maintenance and highly desirable for tenants. The owners have made several recent improvements, including replacing most of the windows, updating the electric, installing four new water heaters, and changing out the gutters in 2022. These updates ensure long-term durability and efficiency. Additionally, each of the four units is separately metered for utilities, offering tenants more control over their expenses while simplifying management for the owner. The property features a shared backyard, perfect for outdoor relaxation, and on-street parking adds convenience for residents. Investors should inquire with local lenders about the potential for qualifying for a DSCR loan to maximize their investment potential. Don’t miss out on this great cash-flowing opportunity in a prime location! Schedule a showing today!
Last checked:
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Last updated Apr 14, 2025
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MLS# WVBE2038928 —
The Building
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Year Built:1900
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Year Built Source:Estimated
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Year Major Reno/Remodel:2023
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New Construction:No
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Construction Materials:Aluminum Siding
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Building Levels:2
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Building Units Total:4
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Structure Type:Other
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Historic:No
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Architectural Style:Colonial
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Accessibility Features:None
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Foundation Details:Permanent, Crawl Space
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Basement:No
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Total SqFt Source:Estimated
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Total Below Grade SqFt Source:Estimated
Interior
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Interior Features:Bathroom - Stall Shower, Bathroom - Tub Shower, Breakfast Area, Family Room Off Kitchen, Wood Floors
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Flooring Type:Luxury Vinyl Plank
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Fireplace:No
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Wall & Ceilings:Dry Wall
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:2120
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Living Area SqFt:2,120 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional, FHA, VA, Exchange
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Possession:0-30 Days CD, Negotiable, Settlement
Location
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Directions:From the Samson Martinsburg office: From parking lot, turn left onto Edwin Miller Blvd. Turn right onto Raleigh St. Make a left onto W. Race St. Property on the left. There is no for sale sign.
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Latitude:39.46047000
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Longitude:-77.96626000
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Location Type:Downtown
The Property
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Property Type:Multi-Family
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Property Subtype:Quadruplex
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Property Condition:Good
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Lot Size Units:Square Feet
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Lot Size Acres:0.10
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Lot Size Source:Estimated
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Lot Features:Cleared, Level, Not In Development, Rear Yard, Road Frontage
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Lot SqFt:4,299 Sqft
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Zoning:102
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Road Surface Type:Paved
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Road Responsibility:City/County
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View:City, Street
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In City Limits:Yes
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Outdoor Living Structures:Porch(es)
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Land Use Code:004
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (304) 820-5690
- Office phone:
- (304) 930-5128
Taxes
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Tax ID Number:06 10024300000000
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Tax Year:2021
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Tax Annual Amount:$1,448
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Tax Assessed Value:$79,000
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Year Assessed:2021
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School Tax:841.0
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County Tax:271.00
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City/Town Tax:402.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Window Unit(s)
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Baseboard - Electric
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Heating Fuel:Electric
Utilities
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Utilities:Electric Available, Sewer Available, Water Available
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Appliances
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Appliances:Oven/Range - Electric, Refrigerator, Water Heater
Schools
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School District Name:Berkeley County Schools
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School District Source:Listing Agent
The Community
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Exterior Features:Exterior Lighting, Sidewalks
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Pool:No Pool
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Spa:No
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Association Recreation Fee:No
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Vacation Rental:No
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Units Furnished:None
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One Bedroom Units:2
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Two Bedroom Units:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
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4/8/25
Apr 8, 2025
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Listed / Active | BRIGHT | $419,000 |