279 Walnut Ave · Alderson, WV 24910

$69,400

2 bd · 1.0 ba · 864 sqft · SingleFamily public records · 15 Days on market

Built 1946 ↓ 7% since listing

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +29.6/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +7.3/10.0
• Appreciation +6.1/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0

Listing remarks MLS

$75,000. New listing high and DRY in historic Alderson, WV. Move in ready 3 bedroom, 1 bath home located on the Greenbrier Co. side of town. Convenient location to schools, library, park, shopping and more. Great corner lot located on the intersection of Johnson St. and Walnut Ave. Attached carport, many upgrades including HVAC and more. This home is very economical having had so many upgrades in recent years. The home was recently completely insulated and vinyl siding applied. All new double pane tilt in replacement windows installed. The HVAC is recent and well maintained nae brand systems including a Heil electric heat pump and a Carrier fuel oil furnace. New Moen faucets have been installed from the kitchen to the bath. The home is handicap accessible. Nice storage closet in the back of the carport. HOME INFORMATION Built in 1946 Living Room 15'7" x 11'4" Kitchen Eat-in 12'2" x 11'4" Front Bedroom 15'4" x 9'6" Bathroom 13'3" x 9'6" Bedroom 12'5" x 9'5" Bedroom 9'6" x 11'6" Bathroom 7'3" x 5' Carport 11'6" x 26' LOCATION Address: 279 Walnut Ave, Alderson, WV 24910 UTILITIES Water: Town of Alderson Sewer: Town of Alderson Electric: MonPower Fuel Oil : R. T. Rogers and Sons Telephone: Frontier Communications Internet: Frontier Communications Television: Suddenlink available Trash: Greenbrier Valley Solid Waste, Inc. Insurance : Arbuckle Insurance ZONING This property is located within the city limits of Alderson, and buyers should contact Alderson City Hall for zoning information. DEED and TAX INFORMATION DB 365, Pg 675 Greenbrier County, West Virginia Alderson Corporation Tax District 1 Tax map 6 parcel 254 Legal Description : PT LOT 6 HEDRICK ADD. #2 66X100 JOHNSON ST. , ALDERSON Places & Events of interest Alderson 4th of July Celebration Amtrack Station at Hinton, WV Amtrak Station at Alderson, WV Carnegie Hall City Of Lewisburg, WV Greenbrier County Hotels and Motels Greenbrier County Restaurants Greenbrier County, WV Greenbrier Resort Greenbrier Valley Airport Greenbrier Valley Medical Center Greenbrier Valley Theater New River Community and Technical College State of West Virginia West Virginia Cave Conservancy West Virginia Conservation Agency West Virginia School of Osteopathic Medicine West Virginia State Parks Winterplace Ski Resort WV Department of Natural Resources State Information State of West Virginia West Virginia Government West Virginia State Parks West Virginia Tourism Wonderful West Virginia Magazine WV Department of Natural Resources Directions From Junction WV 63 and Route 12 turn and head towards Alderson. This two lane road is aka Riverview Drive, Alderson. Before you get to the three way stop at the historic Alderson Memorial Bridge turn onto Johnson Street located between the Visitors Center and the Recycling Center. Travel 2 city blocks and the home is located on the left at the corner of Johnson St. and Walnut Ave. The home appears to be on Johnson St. but has the 911 address of 279 Walnut Ave. Alderson, WV 24910.

Key facts

• Level yard
• Walking distance
• Unfinished basement

Tags

• HARDWOOD FLOORS
• CARPORT AREA
• LEVEL YARD
• UNFINISHED BASEMENT
• WALKING DISTANCE

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: Residential ranch-style property
• Construction: Block foundation
• Exterior features: Wood and metal roof

Interior

• Flooring: Carpet; Hardwood; Laminate; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; No central cooling
• Interior features: Laminate countertops; 7 total rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $69k.

Deal economics

• At list price, monthly cash flow is $196 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($852 rent vs $69k).
• Recommended offer: $68k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 62/100 on livability (#177 in WV) — a middle-class / working-renter tenant base. Strengths: cost of living A+, crime B, housing B; Watch: commute D, schools F, amenities F.
• Greenbrier County Schools (town): math 24% / reading 37% proficiency, ranked #31 of 55 in WV (top 56%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 41 active listings in the ZIP; 74 units permitted in Greenbrier County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($480 loan paydown + $1k appreciation (2.1% local appreciation)).
• Greenbrier County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (2.1% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 10y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1946 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $68,359 (1.5% below list)

Questions for the listing agent

1. Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.23% ✓
• Cap rate: 10.64%
• Cash-on-cash: 15.52%
• DSCR: 1.69
• GRM: 6.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.15% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 16.8%
• Equity multiple: 1.91×
• Total profit: $17,763
• Equity at exit: $27,934

10-year hold

• IRR: 19.0%
• Equity multiple: 3.56×
• Total profit: $49,752
• Equity at exit: $40,661

Cash invested: $19,432 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State West Virginia: 83 Strongly Landlord-Friendly · R+22
• County: — inherits STATE
• City: — inherits STATE

Landlord-favorable; preempted; minimal protections.

Methodology + full state rankings →

ZIP-level market 24910

• Home prices YoY: 1.0%
• Active inventory: 41
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $852 medium
• Mortgage (P&I): −$364
• Tax from tax record: −$29 /mo · $343/yr
• Insurance: −$29
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$179
• Net cashflow: $196

Break-even live

Break-even rent $604

Max offer price $69,400

Occupancy floor 72%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $17,350
• Closing costs: $2,082
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-06-17
   status $69,400 Pending 15 DOM
2. 2026-06-17
   days on market $69,400 Active 15 DOM
3. 2026-06-16
   days on market $69,400 Active 14 DOM
4. 2026-06-15
   days on market $69,400 Active 13 DOM
5. 2026-06-15
   days on market $69,400 Active 12 DOM
6. 2026-06-13
   days on market $69,400 Active 11 DOM
7. 2026-06-12
   days on market $69,400 Active 10 DOM
8. 2026-06-09
   days on market $69,400 Active 7 DOM
9. 2026-06-08
   days on market $69,400 Active 6 DOM
10. 2026-06-08
    days on market $69,400 Active 5 DOM
11. 2026-06-07
    days on market $69,400 Active 4 DOM
12. 2026-06-04
    days on market $69,400 Active 2 DOM
13. 2026-06-02
    remarks 136-char remark
14. 2026-06-02
    listed $69,400 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast WV · Resets to sale price

• Current annual tax: $343 · $29/mo
• Projected year-2 tax: $409 · $34/mo
• Expected delta: +$67/yr (+$6/mo · 19.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 10/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 8 d/yr ≥93°F today · 22 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 0% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,218
• − Mortgage interest: −$3,887
• − Property taxes: −$343
• − Insurance: −$1,014
• − Repairs & maintenance: −$817
• − Management: −$817
• − Depreciation: −$2,019
• Taxable income: $1,321
• Est. tax owed @ 24.0%: −$317
• After-tax cash flow: $2,032/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Greenbrier County Schools
• NCES district ID: 5400390
• Math proficiency: 24% ▼ -14.00%
• Reading proficiency: 37% ▼ -10.00%
• Median HH income: $37,088
• Composite: 25.34/100
• National rank: #7477
• State rank: #31 of 55 in WV

Livability — Alderson

• Score: 62/100
• State rank: #177
• US rank: #16183

Category grades

Amenities F Commute D Cost of living A+ Crime B Employment F Housing B Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Alderson, WV
• Population (ZIP): 4,556

Population outlook (Greenbrier County) Hauer SSP2

• Today (2025): 35,394 people
• By 2030: 35,182 · -0.6%
• By 2040: 34,241 · -3.3%
• By 2050: 32,882 · -7.1%
• By 2075: 29,435 · -16.8%
• By 2100: 24,473 · -30.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Black 4% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Italian 2% Romanian 2% Slovak 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Greenbrier

• 2024 margin: Solid R (+42.1) · D 28.0% · R 70.1% · Other 1.9%
• 2008→2024 swing: -29.9pp toward R · 2008: -12.3pp · 2024: -42.1pp
• All cycles: 2024: R+42.1 2020: R+39.6 2016: R+41.2 2012: R+24.8 2008: R+12.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.15%
• Current HPI: 221.6952
• Rent YoY: —
• Metro: —
• State GDP YoY: —
• F500 in state: 0

Price history

-7.5% since first listed

3 events — show timeline

• 2026-06-01 Listed $69,400 GVBOR
• 2017-01-16 Sold (MLS) — GVBOR
• 2016-10-18 Listed $75,000 GVBOR

Property tax history

+98.9%/yr

Latest (2025): $343 · +5.3% YoY. Source: county tax records.