828-830R-834 20th St · Huntington, WV 25703

$170,000

None bd · None ba · 6,890 sqft · MultiFamily · 117 Days on market

0.33 ac lot

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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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.1/10.0
• ARV discount +7.5/15.0
• Appreciation +7.5/10.0
• Livability +4.0/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 2 units. estimate disagrees with records

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

Are you seeking a prime investment property in downtown Huntington? Your opportunity has arrived! Located conveniently along the bus route at the corner of 20th Street and 9th Avenue, this package includes three income-generating properties. This unique offering features a duplex, a newly renovated garage apartment, and a triplex, totaling six rental units. With both on-street and off-street parking available, these properties are not only attractive to tenants but also positioned perfectly for consistent rental income. Don’t miss out on this chance to expand your portfolio in a highly desirable location. But that's not all! This property can also be purchased along with an additional commercial building with 2nd-floor apartments located on the same block. Whether you're looking to expand your portfolio or start a new business, this is an opportunity you won't want to miss on this prime investment property!

Key facts

• Off street parking
• On street parking
• 2nd floor apartments

Tags

• PRIME INVESTMENT PROPERTY
• INCOME GENERATING PROPERTIES
• ON STREET PARKING
• OFF STREET PARKING
• ADDITIONAL COMMERCIAL BUILDING
• 2ND FLOOR APARTMENTS

Property features AI

Exterior

• Parking: Off-street parking; On-street parking; At least one parking space per unit (varies by unit)
• Utilities: Public water; Public sewer
• Home design: Residential income property (duplex/triplex configuration); Duplex property type
• Construction: Block and frame construction
• Exterior features: Composition shingle roof; Zoned C/R

Interior

• Flooring: Hardwood; Tile; Vinyl
• Heating & cooling: Heat pump and electric heating; Forced air and wall furnace options; Central air conditioning
• Interior features: Insulated windows; Hardwood, tile and vinyl floors

What this means for you Summary

Snapshot

• This is a 2 × 2-bed/?-bath units multifamily listed at $170k.

Deal economics

• At list price, monthly cash flow is $676 ($8k/yr) — positive. Per door: $338/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $170k).
• Recommended offer: $155k (9.0% below list) — sets the bar for market timing.
• Cap rate 11.1% vs local median 6.5% in Huntington — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 79/100 on livability (#16 in WV, #2,045 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: crime F, employment F.
• Cabell County Schools (urban): math 31% / reading 42% proficiency, ranked #13 of 55 in WV (top 24%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Spring Hill Elementary School (math 17% / reading 22%, grade F, #350 of 377 statewide, top 95%, 381 students, 0% FRL); Huntington Middle School (math 21% / reading 35%, grade F, #66 of 109 statewide, top 63%, 647 students, 0% FRL); Huntington High School (math 26% / reading 50%, grade F, #31 of 110 statewide, top 28%, 1,704 students, 0% FRL) — zoned schools average 0% FRL vs 47% district-wide (47 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 15 active listings in the ZIP; lower-income renter base — watch delinquency; 61 units permitted in Cabell County in 2024 (5 in 5+ unit buildings).
• At $2,233/mo this rent would consume 111% of the median local household income ($24k/yr) (locally 813% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $10k of equity ($1k loan paydown + $8k appreciation (4.9% local appreciation)).
• At projected returns (4.9% appreciation + 3.0% rent growth), your $48k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 117 days — a 9% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y 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.
• Current owner paid $42k; list at $170k implies a 305% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $154,700 (9.0% below list)

Questions for the listing agent

1. It's been on market 117 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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.
8. 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.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.31% ✓
• Cap rate: 11.06%
• Cash-on-cash: 17.03%
• DSCR: 1.76
• GRM: 6.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

4.91% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 27.4%
• Equity multiple: 2.71×
• Total profit: $81,319
• Equity at exit: $95,404

10-year hold

• IRR: 26.4%
• Equity multiple: 5.39×
• Total profit: $209,038
• Equity at exit: $163,889

Cash invested: $47,600 (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 25703

• Home prices YoY: 3.0%
• Active inventory: 15
• Price-to-rent: 12.7×

Monthly cashflow live

• Estimated rent: $2,233 medium
• Mortgage (P&I): −$891
• Tax from tax record: −$126 /mo · $1,513/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$469
• Net cashflow: $676

Break-even live

Break-even rent $1,378

Max offer price $170,000

Occupancy floor 65%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	—	$2,232
Total (2 units)			$2,233

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-04-30
   status Pending 926-char remark

   Show marketing remark (926 chars)

   Are you seeking a prime investment property in downtown Huntington? Your opportunity has arrived! Located conveniently along the bus route at the corner of 20th Street and 9th Avenue, this package includes three income-generating properties. This unique offering features a duplex, a newly renovated garage apartment, and a triplex, totaling six rental units. With both on-street and off-street parking available, these properties are not only attractive to tenants but also positioned perfectly for consistent rental income. Don’t miss out on this chance to expand your portfolio in a highly desirable location. But that's not all! This property can also be purchased along with an additional commercial building with 2nd-floor apartments located on the same block. Whether you're looking to expand your portfolio or start a new business, this is an opportunity you won't want to miss on this prime investment property!

2. 2026-04-29
   status Pending
3. 2026-01-01
   listed $170,000 Active 926-char remark

   Show marketing remark (926 chars)

   Are you seeking a prime investment property in downtown Huntington? Your opportunity has arrived! Located conveniently along the bus route at the corner of 20th Street and 9th Avenue, this package includes three income-generating properties. This unique offering features a duplex, a newly renovated garage apartment, and a triplex, totaling six rental units. With both on-street and off-street parking available, these properties are not only attractive to tenants but also positioned perfectly for consistent rental income. Don’t miss out on this chance to expand your portfolio in a highly desirable location. But that's not all! This property can also be purchased along with an additional commercial building with 2nd-floor apartments located on the same block. Whether you're looking to expand your portfolio or start a new business, this is an opportunity you won't want to miss on this prime investment property!

4. 2026-01-01
   listed $170,000 Active

   Show marketing remark (926 chars)

   Are you seeking a prime investment property in downtown Huntington? Your opportunity has arrived! Located conveniently along the bus route at the corner of 20th Street and 9th Avenue, this package includes three income-generating properties. This unique offering features a duplex, a newly renovated garage apartment, and a triplex, totaling six rental units. With both on-street and off-street parking available, these properties are not only attractive to tenants but also positioned perfectly for consistent rental income. Don’t miss out on this chance to expand your portfolio in a highly desirable location. But that's not all! This property can also be purchased along with an additional commercial building with 2nd-floor apartments located on the same block. Whether you're looking to expand your portfolio or start a new business, this is an opportunity you won't want to miss on this prime investment property!

5. 2025-09-22
   price $170,000
6. 2025-01-02
   listed $190,000 Active
7. 2024-08-14
   listed $190,000 Active
8. 2007-11-01
   soldstatus $42,000

ⓘ 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: $1,513 · $126/mo
• Projected year-2 tax: $1,513 · $126/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥102°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,796
• − Mortgage interest: −$9,523
• − Property taxes: −$1,513
• − Insurance: −$850
• − Repairs & maintenance: −$2,144
• − Management: −$2,144
• − Depreciation: −$4,945
• Taxable income: $5,677
• Est. tax owed @ 24.0%: −$1,363
• After-tax cash flow: $6,745/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: Cabell County Schools
• NCES district ID: 5400180
• Math proficiency: 31% ▼ -7.00%
• Reading proficiency: 42% ▼ -6.00%
• Median HH income: $36,426
• Composite: 30.26/100
• National rank: #6285
• State rank: #13 of 55 in WV

Livability — Huntington

• Score: 79/100
• State rank: #16
• US rank: #2045

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Huntington, WV
• County: Cabell County · 30,893 people
• City population: 25,795
• Metro: Huntington-Ashland, WV-KY-OH
• Population (ZIP): 4,598
• Household income: $24,139
• Rent vs Own: 83.4% rent · 16.6% own
• Severe rent burden: 813.0

Population outlook (Cabell County) Hauer SSP2

• Today (2025): 97,574 people
• By 2030: 98,060 · +0.5%
• By 2040: 98,817 · +1.3%
• By 2050: 100,185 · +2.7%
• By 2075: 105,895 · +8.5%
• By 2100: 105,948 · +8.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Black 9% Two or more races 6% Asian 2% Hispanic / Latino 1%
• Common ancestry: Slovak 3% Romanian 1% Lithuanian 1%
• Foreign-born: 2% · Philippines, Canada, China
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Cabell

• 2024 margin: Strong R (+21.9) · D 38.0% · R 59.9% · Other 2.0%
• 2008→2024 swing: -11.8pp toward R · 2008: -10.1pp · 2024: -21.9pp
• All cycles: 2024: R+21.9 2020: R+18.0 2016: R+25.5 2012: R+13.9 2008: R+10.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.91%
• Current HPI: 166.7429
• Rent YoY: —
• Metro: Huntington-Ashland, WV-KY-OH
• State GDP YoY: —
• F500 in state: 0

Price history

+304.8% since first listed

8 events — show timeline

• 2026-04-30 Pending — HBRMLS
• 2026-04-29 Pending — KVBOR
• 2026-01-01 Listed $170,000 KVBOR
• 2026-01-01 Listed $170,000 HBRMLS
• 2025-09-22 Price Changed $170,000 KVBOR
• 2025-01-02 Listed $190,000 KVBOR
• 2024-08-14 Listed $190,000 KVBOR
• 2007-11-01 Sold (Public Records) $42,000 Public Records

Property tax history

+0.3%/yr

Latest (2025): $1,513 · -0.1% YoY. Source: county tax records.