67 Quartz Rd · Martinsburg, WV 25404

$275,000

3 bd · 2.5 ba · 1,582 sqft · Townhouse public records · 20 Days on market

Built 2005 1,799 sqft lot Est $293k · 6% under $39/mo HOA · 2% of rent

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Why this score? — see what drove the F 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).

• ARV discount +10.2/15.0
• Cash flow +7.9/30.0
• Rent growth +4.1/5.0
• Livability +3.8/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• DSCR +2.0/10.0
• 1% rule +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable living and a handy location, this town home is ready for a new owner. the town home has an unfinished walk out basement for your future plans. The home has an open floor plan. Home is easy to show. Contact us for a showing.

Key facts

• $39 HOA
• Built 2005
• Listed 20 days

Property features AI

Finance

• Other: Fee simple ownership
• HOA & community: HOA fee $117 quarterly

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Electric power
• Home design: Interior townhouse/rowhouse
• Construction: Vinyl siding exterior; Slab foundation; Above-grade and below-grade structures; Estimated 440 sq ft finished below-grade area; Estimated 1,332 sq ft finished above-grade area; Year built per assessor
• Exterior features: No tidal water

Interior

• Bedrooms: Three bedrooms on the upper level; One bedroom on the lower level
• Bathrooms: Two full bathrooms on the upper level; One full bathroom on the lower level; One half bathroom on the main level; Three full bathrooms total; One half bathroom total
• Heating & cooling: Heat pump(s); Forced air heating; Electric heating fuel; Central air conditioning (electric); Electric hot water
• Interior features: Estimated living area; Fully finished basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $275k.

Deal economics

• At list price, monthly cash flow is $-292 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $223k (18.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $178k (35.3% below list).
• Recommended offer: $178k (35.3% below list) — sets the bar for 1% rule.
• Cap rate 5.0% vs local median 4.0% in Martinsburg — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 75/100 on livability (#29 in WV, #4,057 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, cost of living A+, housing A+; Watch: commute F, employment D-.
• Berkeley County Schools (other): math 21% / reading 38% proficiency, ranked #24 of 55 in WV (top 44%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Opequon Elementary School (459 students, 0% FRL); Martinsburg North Middle School (math 10% / reading 34%, grade F, #95 of 109 statewide, top 88%, 666 students, 0% FRL); Spring Mills High School (math 28% / reading 62%, grade D-, #10 of 110 statewide, top 8%, 1,480 students, 0% FRL) — zoned schools average 0% FRL vs 42% district-wide (42 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising fast (+6.3%/yr); 109 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 1,460 units permitted in Berkeley County in 2024 (16 in 5+ unit buildings).
• This rent runs 30% of the median local income ($71k/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 $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Berkeley County population projected at +25% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($271k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 17y ago; this cycle's ask is 83% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $146k; list at $275k implies a 88% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $177,904 (35.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.65% ✗
• Cap rate: 5.02%
• Cash-on-cash: -4.55%
• DSCR: 0.80
• GRM: 12.9

CMA / ARV

• ARV (on-the-fly): $292,670
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
35 Fast View Dr	0.05mi	3/2.5	1,488 (-6%)	1mo	$230,000	$155	87
11 Fastview Dr	0.03mi	3/2.5	1,488 (-6%)	3mo	$243,225	$163	86
107 Courthouse Dr	0.53mi	3/2.5	1,461 (-8%)	3mo	$259,990	$178	60
123 Bosque Ct	0.67mi	3/2.5	1,461 (-8%)	3mo	$269,990	$185	54
97 Bosque Ct	0.67mi	3/2.5	1,461 (-8%)	3mo	$267,990	$183	54
105 Bosque Ct	0.70mi	3/2.5	1,461 (-8%)	1mo	$269,990	$185	54
45 Bosque Ct	0.71mi	3/2.5	1,461 (-8%)	1mo	$289,990	$198	53
113 Bosque Ct	0.70mi	3/2.5	1,461 (-8%)	2mo	$269,990	$185	53
157 Bosque Ct	0.72mi	3/2.5	1,461 (-8%)	1mo	$278,845	$191	53
173 Bosque Ct	0.74mi	3/2.5	1,461 (-8%)	1mo	$278,000	$190	52
34 Furlong Way	0.65mi	3/2.5	1,755 (+11%)	1mo	$272,500	$155	51
76 Grainfield Ct	0.59mi	2/2.0 (-1)	1,443 (-9%)	3mo	$338,000	$234	48

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 6.3% rent growth · sell at horizon

5-year hold

• IRR: -20.9%
• Equity multiple: 0.26×
• Total profit: $-57,153
• Equity at exit: $41,003

10-year hold

• IRR: -8.8%
• Equity multiple: 0.39×
• Total profit: $-47,312
• Equity at exit: $23,777

Cash invested: $77,000 (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 25404

• Home prices YoY: -10.7%
• Rents YoY: 6.3%
• Active inventory: 109
• Price-to-rent: 12.9×

Monthly cashflow live

• Estimated rent: $1,779 high
• Mortgage (P&I): −$1,442
• Tax from tax record: −$102 /mo · $1,220/yr
• Insurance: −$115
• HOA: −$39
• Vacancy / Maint / Mgmt: −$374
• Net cashflow: $-292

Break-even live

Break-even rent $2,149

Max offer price $223,422

Occupancy floor —

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: $68,750
• Closing costs: $8,250
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1100 Myna Ct Martinsburg, WV	2.0–3.0	2.0–2.5	1400	$1,870	$1.34	13d	15	0.35mi
236 Trimble Ave Martinsburg, WV	2.0	1.5	1200	$1,350	$1.12	13d	1	0.37mi
19 Tevis Cir Martinsburg, WV	2.0	2.0	1128	$1,545	$1.37	13d	5	0.44mi
14 Snickers Ct Martinsburg, WV	3.0	2.5	1960	$1,900	$0.97	20d	1	0.70mi
721 2nd St Unit A Martinsburg, WV	2.0	1.0	1412	$1,180	$0.84	13d	1	0.96mi
1123 Shepherdstown Rd Martinsburg, WV	3.0	1.0	1429	$1,900	$1.33	20d	1	1.02mi
316 N High St Martinsburg, WV	3.0	1.5	1300	$1,650	$1.27	13d	1	1.36mi
100 Metro Dr Martinsburg, WV	2.0–3.0	2.0	1384	$1,845	$1.33	13d	1	1.39mi
328 Boyd Ave Martinsburg, WV	3.0	2.0	1700	$1,450	$0.85	20d	1	1.42mi

HOA detail

• Monthly dues: $39 · $468/yr

Listing history 45 events

1. 2026-06-18
   days on market $275,000 Active 20 DOM
2. 2026-06-17
   days on market $275,000 Active 19 DOM
3. 2026-06-16
   days on market $275,000 Active 18 DOM
4. 2026-06-15
   days on market $275,000 Active 17 DOM
5. 2026-06-14
   days on market $275,000 Active 15 DOM
6. 2026-06-13
   pricedays on market $275,000 Active 14 DOM
7. 2026-06-10
   days on market $280,000 Active 12 DOM
8. 2026-06-09
   days on market $280,000 Active 11 DOM
9. 2026-06-08
   days on market $280,000 Active 10 DOM
10. 2026-06-07
    days on market $280,000 Active 9 DOM
11. 2026-06-02
    days on market $280,000 Active 4 DOM
12. 2026-06-01
    days on market $280,000 Active 3 DOM
13. 2026-05-31
    days on market $280,000 Active 2 DOM
14. 2026-05-30
    status $280,000 Active 1 DOM
15. 2026-05-29
    historical $280,000
16. 2020-11-10
    soldstatus $146,000
17. 2020-11-06
    soldstatus $146,000 Closed 235-char remark

    Show marketing remark (235 chars)

    Affordable living and a handy location, this town home is ready for a new owner. the town home has an unfinished walk out basement for your future plans. The home has an open floor plan. Home is easy to show. Contact us for a showing.

18. 2020-09-24
    status Pending 235-char remark

    Show marketing remark (235 chars)

    Affordable living and a handy location, this town home is ready for a new owner. the town home has an unfinished walk out basement for your future plans. The home has an open floor plan. Home is easy to show. Contact us for a showing.

19. 2020-09-21
    price $146,000 235-char remark

    Show marketing remark (235 chars)

    Affordable living and a handy location, this town home is ready for a new owner. the town home has an unfinished walk out basement for your future plans. The home has an open floor plan. Home is easy to show. Contact us for a showing.

20. 2020-09-21
    status Active 235-char remark

    Show marketing remark (235 chars)

    Affordable living and a handy location, this town home is ready for a new owner. the town home has an unfinished walk out basement for your future plans. The home has an open floor plan. Home is easy to show. Contact us for a showing.

21. 2020-07-06
    status Pending 235-char remark

    Show marketing remark (235 chars)

    Affordable living and a handy location, this town home is ready for a new owner. the town home has an unfinished walk out basement for your future plans. The home has an open floor plan. Home is easy to show. Contact us for a showing.

22. 2020-07-03
    price $140,000 235-char remark

    Show marketing remark (235 chars)

    Affordable living and a handy location, this town home is ready for a new owner. the town home has an unfinished walk out basement for your future plans. The home has an open floor plan. Home is easy to show. Contact us for a showing.

23. 2020-06-19
    listed $150,000 Active 235-char remark

    Show marketing remark (235 chars)

    Affordable living and a handy location, this town home is ready for a new owner. the town home has an unfinished walk out basement for your future plans. The home has an open floor plan. Home is easy to show. Contact us for a showing.

24. 2014-10-01
    historical 191-char remark

    Show marketing remark (191 chars)

    Why wait to build, 3 bedroom 2 1/2 bath large living room, island in kitchen, all appliances convey, 1 car garage, home warranty included, call now for your personal showing . Bring offers!!!

25. 2014-09-29
    soldstatus $105,000 Sold 191-char remark

    Show marketing remark (191 chars)

    Why wait to build, 3 bedroom 2 1/2 bath large living room, island in kitchen, all appliances convey, 1 car garage, home warranty included, call now for your personal showing . Bring offers!!!

26. 2014-09-29
    soldstatus $105,000

    Show marketing remark (191 chars)

    Why wait to build, 3 bedroom 2 1/2 bath large living room, island in kitchen, all appliances convey, 1 car garage, home warranty included, call now for your personal showing . Bring offers!!!

27. 2014-08-11
    status Contingent (No Kick Out) 191-char remark

    Show marketing remark (191 chars)

    Why wait to build, 3 bedroom 2 1/2 bath large living room, island in kitchen, all appliances convey, 1 car garage, home warranty included, call now for your personal showing . Bring offers!!!

28. 2014-08-08
    historical
29. 2014-07-23
    historical Expired 191-char remark

    Show marketing remark (191 chars)

    Why wait to build, 3 bedroom 2 1/2 bath large living room, island in kitchen, all appliances convey, 1 car garage, home warranty included, call now for your personal showing . Bring offers!!!

30. 2014-07-09
    price $105,000 191-char remark

    Show marketing remark (191 chars)

    Why wait to build, 3 bedroom 2 1/2 bath large living room, island in kitchen, all appliances convey, 1 car garage, home warranty included, call now for your personal showing . Bring offers!!!

31. 2014-05-07
    price $110,000 191-char remark

    Show marketing remark (191 chars)

    Why wait to build, 3 bedroom 2 1/2 bath large living room, island in kitchen, all appliances convey, 1 car garage, home warranty included, call now for your personal showing . Bring offers!!!

32. 2014-02-25
    listed $115,000 Active 191-char remark

    Show marketing remark (191 chars)

    Why wait to build, 3 bedroom 2 1/2 bath large living room, island in kitchen, all appliances convey, 1 car garage, home warranty included, call now for your personal showing . Bring offers!!!

33. 2014-02-25
    listed $105,000

    Show marketing remark (191 chars)

    Why wait to build, 3 bedroom 2 1/2 bath large living room, island in kitchen, all appliances convey, 1 car garage, home warranty included, call now for your personal showing . Bring offers!!!

34. 2011-01-04
    historical
35. 2010-12-23
    soldstatus $81,900 Sold
36. 2010-12-23
    soldstatus $81,900
37. 2010-11-23
    status Contingent (No Kick Out)
38. 2010-11-05
    historical
39. 2010-11-04
    listed $81,900 Active
40. 2010-11-04
    listed $81,900
41. 2010-06-07
    historical Withdrawn
42. 2010-06-07
    historical
43. 2010-03-23
    price
44. 2009-12-26
    listed Active
45. 2009-12-26
    listed $100,000

ⓘ 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: $1,220 · $102/mo
• Projected year-2 tax: $1,622 · $135/mo
• Expected delta: +$402/yr (+$34/mo · 32.9%)

ⓘ 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 ≥103°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 2% 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: $21,348
• − Mortgage interest: −$15,404
• − Property taxes: −$1,220
• − Insurance: −$1,375
• − Repairs & maintenance: −$1,708
• − Management: −$1,708
• − HOA: −$468
• − Depreciation: −$8,000
• Taxable loss: −$8,535
• Est. tax savings @ 24.0%: +$2,048
• After-tax cash flow: $-1,455/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: Berkeley County Schools
• NCES district ID: 5400060
• Math proficiency: 21% ▼ -12.00%
• Reading proficiency: 38% ▼ -6.00%
• Median HH income: $54,599
• Composite: 26.16/100
• National rank: #7273
• State rank: #24 of 55 in WV

Livability — Martinsburg

• Score: 75/100
• State rank: #29
• US rank: #4057

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Berkeley County · 85,235 people
• City population: 55,439
• Metro: Hagerstown-Martinsburg, MD-WV
• Population (ZIP): 23,990
• Household income: $70,633
• Rent vs Own: 40.0% rent · 60.0% own
• Severe rent burden: 833.0

Population outlook (Berkeley County) Hauer SSP2

• Today (2025): 127,359 people
• By 2030: 134,684 · +5.8%
• By 2040: 148,219 · +16.4%
• By 2050: 159,300 · +25.1%
• By 2075: 179,920 · +41.3%
• By 2100: 183,896 · +44.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Black 9% Two or more races 8% Hispanic / Latino 7% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 1%
• Common ancestry: Slovak 3% Romanian 3% Italian 1%
• Foreign-born: 6% · Canada, South Korea
• Languages at home: 94% English-only · Spanish 5%

Political lean MEDSL · Berkeley

• 2024 margin: Solid R (+35.8) · D 31.2% · R 67.0% · Other 1.8%
• 2008→2024 swing: -22.8pp toward R · 2008: -13.0pp · 2024: -35.8pp
• All cycles: 2024: R+35.8 2020: R+31.2 2016: R+37.2 2012: R+21.3 2008: R+13.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -24.58%
• Current HPI: 205.3277
• Rent YoY: ▲ 6.30%
• Metro: Hagerstown-Martinsburg, MD-WV
• State GDP YoY: —
• F500 in state: 0

Price history

+180.0% since first listed

31 events — show timeline

• 2026-05-29 Coming Soon $280,000 BRIGHT MLS
• 2020-11-10 Sold (Public Records) $146,000 Public Records
• 2020-11-06 Sold (MLS) $146,000 BRIGHT MLS
• 2020-09-24 Pending — BRIGHT MLS
• 2020-09-21 Price Changed $146,000 BRIGHT MLS
• 2020-09-21 Relisted — BRIGHT MLS
• 2020-07-06 Pending — BRIGHT MLS
• 2020-07-03 Price Changed $140,000 BRIGHT MLS
• 2020-06-19 Listed $150,000 BRIGHT MLS
• 2014-10-01 Delisted — MRIS
• 2014-09-29 Sold (MLS) $105,000 BRIGHT MLS
• 2014-09-29 Sold (MLS) $105,000 MRIS
• 2014-08-11 Pending — MRIS
• 2014-08-08 Listing Removed — BRIGHT MLS
• 2014-07-23 Delisted — MRIS
• 2014-07-09 Price Changed $105,000 MRIS
• 2014-05-07 Price Changed $110,000 MRIS
• 2014-02-25 Listed $115,000 MRIS
• 2014-02-25 Listed $105,000 BRIGHT MLS
• 2011-01-04 Delisted — MRIS
• 2010-12-23 Sold (MLS) $81,900 BRIGHT MLS
• 2010-12-23 Sold (MLS) $81,900 MRIS
• 2010-11-23 Pending — MRIS
• 2010-11-05 Listing Removed — BRIGHT MLS
• 2010-11-04 Listed $81,900 MRIS
• 2010-11-04 Listed $81,900 BRIGHT MLS
• 2010-06-07 Delisted — MRIS
• 2010-06-07 Listing Removed — BRIGHT MLS
• 2010-03-23 Price Changed — MRIS
• 2009-12-26 Listed — MRIS
• 2009-12-26 Listed $100,000 BRIGHT MLS

Property tax history

+0.5%/yr

Latest (2025): $1,220 · +2.8% YoY. Source: county tax records.