Check Availability
$649,900
↓ $35K (5.1%)
Multifamily - For Sale

111 E NEW ST

SHEPHERDSTOWN, WV 25443
bedrooms
Studio
bathrooms
0 Bath
$3,192
Estimated Monthly
$0
HOA / Fees

About This Property

This is quite possibly the only 3 unit property within the Corporation of Shepherdstown.  One House at 111 East New Street and  Two Apartments at 136 & 138 East Back Alley on one lot/deed.  Live in the historic, circa 1812 brick home while renting the two rear apartments for passive income or to offset your mortgage.   The main house, 111 East New Street, has four bedrooms and two full baths, is approximately 1,896 square feet, has updated stainless appliances, newly refinished hardwood floors, wood pellet stove insert in the family room, and tile bathroom floors.  The floor plan allows for two bedrooms on the main level.   The two bedroom upstairs have original wide plank hardwood floors with decorative brick fireplaces.  The laundry room is off the kitchen and both of the two full baths are on the main level.   The property is fully fenced with multiple gates for easy access off New Street and double rear gates for added privacy.  New Street may also be the newest street in town having new infrastructure and pavement during the summer of 2020.  New Street is a one way street one block off the hustle and bustle of German Street.  Enjoy the sights, sounds, and smells of town a block away while relaxing on the patio or the sitting area under shade of the two huge pine trees.    A little workshop area and dry/well-lit storage adorn the restored basement.  The home consists of 5 decorative fireplaces.   The great news for you is this home has been prepped and ready for your immediate occupancy!  Each apartment, 136 and 138 East Back Alley, is metered separately and accessed off Back Alley.  Both are mirror image, 1BR, 1BA, and approximately 580 Sq. Ft. each.  One has new laminate floors, one with ceramic tile floors.  Both units are updated, all electric, window units provided, have stack washers/dryers, and parking for one vehicle per unit.  They have each rented for $950/month for several years, keeping good tenants/neighbors.  Some would consider these rents low to today's standards.  $1,900/month in passive income off the back two apartments!   All three properties have enormous potential for long or short term housing.  Both rear apartments are leased through June 30, 2024 and require 24 hours notice to show.  Owner is a licensed agent.  Flood insurance was not required with current owner.
Unit Size
-
Days on Market
25 days
Land Size
0.17 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1800
Listed By
Brad Lewis
Greentree Associates of Shepherdstown, Inc.
Last updated: 7 days ago (Bright MLS #WVJF2010416)

Price History

Date / Event Date Event Price
Apr 24, 2024 Price Decreased $649,900
↓ $35K (5.1%)
Price Decreased
Apr 5, 2024 Listed by Greentree Associates of Shepherdstown, Inc. $684,900
Listed by Greentree Associates of Shepherdstown, Inc.

Property Highlights

Air Conditioning
Fireplace
With View
Parking Details
Parking Features: On Street
Interior Details

Interior Information

Interior Features: Dining Area, Floor Plan - Traditional, Kitchen - Eat-In, Kitchen - Table Space, Stove - Pellet, Wood Floors, Window Treatments
Appliances: Built-In Microwave, Dishwasher, Dryer, Dryer - Electric, Microwave, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
Flooring Type: Ceramic Tile, Laminated, Wood
Living Area Square Feet Source: Estimated
Wall & Ceiling Types

Fireplace Information

Has Fireplace
Fireplaces: 5

Basement Information

Has Basement
Daylight, Partial, Drainage System, Outside Entrance, Poured Concrete, Rear Entrance, Unfinished, Walkout Stairs, Windows, Workshop

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
Stu
-
-
$650,000 Jun 20, 2023
$650,000 Jan 17, 2024
-
House
7 Beds
3 Baths
3,168 ft²
$248/ft²
$785,000 Apr 10, 2023
$785,000 Jun 15, 2023
-
House
3 Beds
5 Baths
4,400 ft²
$148/ft²
$650,000 Jun 20, 2023
$650,000 Jan 17, 2024
-
House
4 Beds
3 Baths
2,743 ft²
$266/ft²
$730,000 May 15, 2023
$730,000 Jul 21, 2023
-
House
3 Beds
2 Baths
2,445 ft²
$231/ft²
$565,000 Sep 1, 2023
$565,000 Oct 5, 2023
-
Commercial
Loft
-
-
$570,000 Dec 19, 2022
-
-
House
5 Beds
3 Baths
1,984 ft²
$403/ft²
$799,000 Feb 24, 2024
-
-
House
4 Beds
2 Baths
2,308 ft²
$260/ft²
$599,999 Sep 29, 2023
-
-
House
4 Beds
4 Baths
5,131 ft²
$111/ft²
$570,000 Sep 22, 2022
-
-
House
4 Beds
2 Baths
2,408 ft²
$233/ft²
$560,000 Mar 16, 2024
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20240329
03/29/2024
4 Bed
2 Bath
1896 ft²
$684,900
bedrooms
4 Bed
bathrooms
2 Bath
square feet
1896 ft²
-
-
-
Brad Lewis
Greentree Associates of Shepherdstown, Inc.

Building Info

111 East New Street 111 East New Street, Shepherdstown, WV 25443
  • 1 Unit for Sale
More about this Building
111 East New Street
Want to find out who owns 111 East New Street, Shepherdstown, WV 25443? Get detailed property transactions here .

About Shepherdstown


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