400 City Ave · Beckley, WV 25801

$165,000

6 bd · 3.5 ba · 2,850 sqft · SingleFamily · 36 Days on market

Built 1910 0.40 ac lot

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Why this score? — see what drove the D 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 +14.7/30.0
• ARV discount +7.5/15.0
• DSCR +4.5/10.0
• 1% rule +4.1/10.0
• Rent growth +3.6/5.0
• Schools +3.0/10.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This unique property offers approximately 2,850 square feet of versatile living space with six bedrooms, three full baths, and one half bath. Formerly operated as a group home and orphanage, the property carries a history of community service and functionality. A commercial fire safety system is installed throughout for added safety and peace of mind. Conveniently located near downtown Beckley and Interstate 77/64, the property provides easy access to shopping, dining, schools, and medical facilities. Recent updates include a new upper-level furnace, updated main-level floor furnace, updated electrical and plumbing systems, new water heater, new range and refrigerator, new flooring, fresh interior paint, and updated bathrooms. The B1 zoning offers excellent flexibility for residential or commercial use. The property could potentially be converted into a duplex or up to a four-unit property, subject to local approval. Possible commercial uses may include a daycare, small school, office, or similar business opportunity. Exterior improvements include a large parking area, additional driveway access, partially fenced backyard, gazebo, and storage building. With multiple potential uses and extensive updates already completed, this property presents a unique opportunity for an owner-occupant, investor, or business owner. Sellers are related to listing agent.

Key facts

• Gazebo
• New water heater
• Updated bathrooms

Tags

• NEW UPPER-LEVEL FURNACE
• NEW WATER HEATER
• UPDATED BATHROOMS
• LARGE PARKING AREA
• PARTIALLY FENCED BACKYARD
• GAZEBO

Property features AI

Exterior

• Parking: Open parking; No garage; Asphalt and gravel parking surfaces
• Utilities: Public water; Public sewer
• Home design: Residential property; Two stories; Vinyl siding
• Construction: Asphalt roof
• Exterior features: Fenced yard; Shed(s); Gazebo; Has a view; Level topography/lot

Interior

• Kitchen: Dishwasher; Disposal; Cooktop; Refrigerator; Electric water heater
• Bedrooms: One main level bedroom
• Flooring: Hardwood; Vinyl; Laminate
• Bathrooms: Three full bathrooms; One half bathroom
• Heating & cooling: Natural gas heating; No cooling system
• Interior features: High ceilings; Full unfinished basement
• Laundry & utility: Washer hookup on main level

What this means for you Summary

Snapshot

• This is a 6-bed/3.5-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $43 ($518/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $150k (9.2% below list).
• Recommended offer: $150k (9.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 59/100 on livability (#235 in WV) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A-; Watch: employment D, crime F, amenities F.
• Raleigh County Schools (rural): math 29% / reading 42% proficiency, ranked #14 of 55 in WV (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Mabscott Elementary (math 22% / reading 27%, grade F, #287 of 377 statewide, top 85%, 222 students, 0% FRL); Park Middle School (math 40% / reading 49%, grade D, #10 of 109 statewide, top 8%, 394 students, 0% FRL); Woodrow Wilson High School (math 24% / reading 56%, grade F, #20 of 110 statewide, top 17%, 1,330 students, 0% FRL) — zoned schools average 0% FRL vs 46% district-wide (46 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+4.2%/yr); 112 active listings in the ZIP; 41 units permitted in Raleigh County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($57k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Raleigh County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 36 days — a 3% lower offer ($160k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 9y 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 $25k; list at $165k implies a 560% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $149,803 (9.2% below list)

Questions for the listing agent

1. It's been on market 36 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-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. 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?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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 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: 0.91% ✗
• Cap rate: 6.61%
• Cash-on-cash: 1.12%
• DSCR: 1.05
• GRM: 9.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.25% rent growth · sell at horizon

5-year hold

• IRR: -13.1%
• Equity multiple: 0.52×
• Total profit: $-22,058
• Equity at exit: $24,602

10-year hold

• IRR: -2.3%
• Equity multiple: 0.84×
• Total profit: $-7,546
• Equity at exit: $14,266

Cash invested: $46,200 (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 25801

• Home prices YoY: -17.8%
• Rents YoY: 4.2%
• Active inventory: 112
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,498 medium
• Mortgage (P&I): −$865
• Tax est. 1.5%: −$206 /mo · $2,475/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$315
• Net cashflow: $43

Break-even live

Break-even rent $1,443

Max offer price $165,000

Occupancy floor 92%

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-19
   days on market $165,000 Active 36 DOM
2. 2026-06-18
   days on market $165,000 Active 35 DOM
3. 2026-06-17
   days on market $165,000 Active 34 DOM
4. 2026-06-16
   days on market $165,000 Active 33 DOM
5. 2026-06-15
   days on market $165,000 Active 32 DOM
6. 2026-06-14
   days on market $165,000 Active 30 DOM
7. 2026-06-12
   pricedays on marketlisting id $165,000 Active 29 DOM
8. 2026-06-09
   pricedays on marketlisting id $1,800 Active 1 DOM
9. 2026-06-08
   days on market $165,000 Active 25 DOM
10. 2026-06-07
    days on market $165,000 Active 24 DOM
11. 2026-06-03
    days on market $165,000 Active 20 DOM
12. 2026-06-02
    days on market $165,000 Active 19 DOM
13. 2026-06-01
    days on market $165,000 Active 18 DOM
14. 2026-05-31
    days on market $165,000 Active 17 DOM
15. 2026-05-30
    days on market $165,000 Active 16 DOM
16. 2026-05-15
    listed $165,000 Active 1374-char remark

    Show marketing remark (1374 chars)

    This unique property offers approximately 2,850 square feet of versatile living space with six bedrooms, three full baths, and one half bath. Formerly operated as a group home and orphanage, the property carries a history of community service and functionality. A commercial fire safety system is installed throughout for added safety and peace of mind. Conveniently located near downtown Beckley and Interstate 77/64, the property provides easy access to shopping, dining, schools, and medical facilities. Recent updates include a new upper-level furnace, updated main-level floor furnace, updated electrical and plumbing systems, new water heater, new range and refrigerator, new flooring, fresh interior paint, and updated bathrooms. The B1 zoning offers excellent flexibility for residential or commercial use. The property could potentially be converted into a duplex or up to a four-unit property, subject to local approval. Possible commercial uses may include a daycare, small school, office, or similar business opportunity. Exterior improvements include a large parking area, additional driveway access, partially fenced backyard, gazebo, and storage building. With multiple potential uses and extensive updates already completed, this property presents a unique opportunity for an owner-occupant, investor, or business owner. Sellers are related to listing agent.

17. 2026-05-14
    listed $165,000 Active
18. 2024-09-19
    historical $2,000
19. 2024-08-14
    listed $2,000
20. 2024-06-09
    historical $2,000
21. 2024-05-29
    price $2,000
22. 2024-05-22
    listed $1,200
23. 2017-09-26
    soldstatus 41-char remark

    Show marketing remark (41 chars)

    Lots of room in this home. Needs some TLC

24. 2017-09-18
    soldstatus $25,000
25. 2017-08-28
    listed $34,500 41-char remark

    Show marketing remark (41 chars)

    Lots of room in this home. Needs some TLC

26. 2017-08-25
    listed $34,500

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

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 69% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥91°F today · 21 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,976
• − Mortgage interest: −$9,243
• − Property taxes: −$2,475
• − Insurance: −$825
• − Repairs & maintenance: −$1,438
• − Management: −$1,438
• − Depreciation: −$4,800
• Taxable loss: −$2,242
• Est. tax savings @ 24.0%: +$538
• After-tax cash flow: $1,056/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: Raleigh County Schools
• NCES district ID: 5401230
• Math proficiency: 29% ▼ -8.00%
• Reading proficiency: 42% ▼ -3.00%
• Median HH income: $39,828
• Composite: 29.74/100
• National rank: #6445
• State rank: #14 of 55 in WV

Livability — Beckley

• Score: 59/100
• State rank: #235
• US rank: #20551

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Beckley, WV
• County: Raleigh County · 31,128 people
• City population: 31,128
• Metro: Beckley, WV
• Population (ZIP): 31,128
• Household income: $56,836
• Rent vs Own: 33.1% rent · 66.9% own
• Severe rent burden: 1384.0

Population outlook (Raleigh County) Hauer SSP2

• Today (2025): 73,505 people
• By 2030: 70,954 · -3.5%
• By 2040: 66,038 · -10.2%
• By 2050: 61,919 · -15.8%
• By 2075: 51,954 · -29.3%
• By 2100: 39,724 · -46.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Black 10% Two or more races 7% Hispanic / Latino 2% Asian 2%
• Common ancestry: Slovak 2% Italian 1% Lithuanian 1%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Raleigh

• 2024 margin: Solid R (+54.3) · D 22.0% · R 76.3% · Other 1.6%
• 2008→2024 swing: -28.5pp toward R · 2008: -25.9pp · 2024: -54.3pp
• All cycles: 2024: R+54.3 2020: R+50.4 2016: R+52.8 2012: R+44.6 2008: R+25.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -45.60%
• Current HPI: 210.0114
• Rent YoY: ▲ 4.25%
• Metro: Beckley, WV
• State GDP YoY: —
• F500 in state: 0

Price history

+378.3% since first listed

11 events — show timeline

• 2026-05-15 Listed $165,000 BBOR
• 2026-05-14 Listed $165,000 BBOR
• 2024-09-19 Rental Removed $2,000 RENTEC
• 2024-08-14 Listed for Rent $2,000 RENTEC
• 2024-06-09 Rental Removed $2,000 RENTEC
• 2024-05-29 Price Changed $2,000 RENTEC
• 2024-05-22 Listed for Rent $1,200 RENTEC
• 2017-09-26 Sold (MLS) — GVBOR
• 2017-09-18 Sold (MLS) $25,000 BBOR
• 2017-08-28 Listed $34,500 GVBOR
• 2017-08-25 Listed $34,500 BBOR