Investment opportunity! Four remodeled apartments, three bedroom home and former shop with good income and potential for additional rentals. Four apartments total 2660 sq. ft. ; house 1423 sq. ft.; shop 785 sq. ft. This property has the potential of over $4,000/month income. There is a current lease between the owner and a health care provider which insures there is housing available for their employees. This lease can be modified by the new buyer and they can choose to continue working with the health care provider at a higher monthly rental or procure tenants of their own at a higher monthly rental. The lease with the health care provider will expire upon settlement with a new owner and the lease monies can be increased by the new owner.
Sold for $237,500 on 04/30/25
$237,500
401 Lincoln Ave, Elkins, WV 26241
11beds
4,868sqft
2-4 Family
Built in 1940
-- sqft lot
$240,200 Zestimate®
$49/sqft
$966 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: April 30, 2025 at 02:04pm
Listed by:
Letitia Johnson 304-940-9689,
PROPST REALTY,
Lanny A Propst,
PROPST REALTY
Bought with:
Anna Stewart, WV0030114
BOWIE HOME & LAND, LLC
Source: NCWV REIN,MLS#: 10155672

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 5
- Full bathrooms: 5
Basement
- Level: Basement
Heating
- Central, Forced Air, Baseboard, Electric, Natural Gas
Cooling
- Central Air, Window Unit(s)
Appliances
- Included: Range, Refrigerator, Gas Stove Connection
- Laundry: Washer Hookup, Gas Dryer Hookup, Washer/Dryer Some
Features
- Other
- Flooring: Carpet, Vinyl, Laminate
- Basement: Partial,Unfinished
- Attic: Interior Access Only
Interior area
- Total structure area: 4,868
- Total interior livable area: 4,868 sqft
- Finished area below ground: 4
Property
Parking
- Total spaces: 3
- Parking features: Off Street, 3+ Cars, No Garage
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Porch
- Fencing: None
- Has view: Yes
- View description: City Lights
- Waterfront features: None
Lot
- Size: 6,250 sqft
- Dimensions: 60 x 108 x 60 x 142
- Features: Corner Lot, Sloped
Details
- Parcel number: 05501100000000
- Zoning description: Apartment Residential
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: 2-4 Family
Materials
- Frame, Block, Aluminum Siding, Asbestos
- Foundation: Block
- Roof: Shingle,Flat
Condition
- Year built: 1940
Utilities & green energy
- Electric: Circuit Breakers, 100 Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & neighborhood
Community
- Community features: Park, Tennis Court(s), Medical Facility
Location
- Region: Elkins
HOA & financial
Other financial information
- Total actual rent: 1400
Services availability

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