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Map
$649,900
↓ $35K (5.1%)
●
Multifamily -
For Sale
111 E NEW ST
SHEPHERDSTOWN, WV 25443
Studio
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
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
Exterior Details
Property Information
Ownership Interest: Fee Simple
Property Condition: Very Good
Year Built Source: Estimated
Building Information
Foundation Details: Block, Crawl Space, Stone, Slab
Other Structures: Above Grade, Below Grade
Roof: Metal
Structure Type: Detached
Window Features: Double Hung, Storm
Construction Materials: Brick, Wood Siding
Outdoor Living Structures: Porch(es), Patio(s)
Pool Information
No Pool
Lot Information
Backs to Trees, Landscaping, Trees/Wooded
Tidal Water: N
Lot Size Source: Assessor
Land Information
Land Assessed Value: $330,000
Financial Details
County Tax: $0
County Tax Payment Frequency: Annually
City Town Tax: $0
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $330,000
Tax Year: 2022
Tax Annual Amount: $0
Year Assessed: 2023
Utilities Details
Cooling Type: Wall Unit, Window Unit(s)
Heating Type: Baseboard - Electric, Wood Burn Stove, Other
Cooling Fuel: Electric
Heating Fuel: Electric, Wood
Hot Water: Electric
Sewer Septic: Public Sewer
Water Source: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
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
-
Sold
House
3
Beds
2
Baths
2,445 ft²
$231/ft²
$565,000
Sep 1, 2023
$565,000
Oct 5, 2023
-
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/29/2024
|
|
4 Bed
|
2 Bath
|
1896 ft²
|
$684,900
4 Bed
2 Bath
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
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