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1493 University Ave - 33 Beds | Student Housing / Re-Development 11,492 sq ft Specialist Building Offered at £898,767 in Morgantown, WV 26505

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INVESTMENT HIGHLIGHTS

Turn-Key Property
Updated Commercial Kitchen
Walkable Access to Campus Life

Extensively Renovated
New Plumbing
Sprinkler System

EXECUTIVE SUMMARY

With its unbeatable campus-front location and thoughtfully curated living experience, 1493 University Avenue stands out as a premier student housing opportunity. This 33-bed, four story property was designed for maximum appeal and minimal hassle. The property delivers the kind of consistent rental performance investors seek. Its inviting common areas, upgraded amenities, and walkable access to campus life make it a favorite among students. This turn-key property blends historic charm with modern functionality, making it a rare and valuable investment in one of Morgantown’s most sought-after locations.
The subject property provides practically direct access to the Mountain Line bus stop along University Avenue. Along Beechurst Avenue there is a daily traffic count of 23,194 vehicles. Source: ©2024 Kalibrate Technologies (Q4 2024).
This property is available for sale OR lease.

Main Floor First Floor

Attic Top Floor

Basement Floor

1493 University Avenue Marketing Flyer

Second Floor

PROPERTY FACTS

Price	£898,767	Property Size	11,492 sq ft
Price per sq ft	£78.21	No. Floors	4
Sale Type	Owner Occupier	Year Built/Renovated	1930/2024
Property Type	Specialist	Parking Allocation	0.35/1,000 sq ft
Property Subtype	Sorority / Fraternity House	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Total Plot Size	0.17 ac
Use Class	R-2

Price	£898,767
Price per sq ft	£78.21
Sale Type	Owner Occupier
Property Type	Specialist
Property Subtype	Sorority / Fraternity House
Total Plot Size	0.17 ac
Property Size	11,492 sq ft
No. Floors	4
Year Built/Renovated	1930/2024
Parking Allocation	0.35/1,000 sq ft
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Use Class	R-2