8-Unit Apartment Complex Just Outside City Limits

8-Unit Multifamily Just Outside City Limits

This clean, low-maintenance 8-unit building is a solid income-producing asset with long-term potential. It consists of 6 one-bedroom units and 2 two-bedroom units, with reliable tenants already in place. The brick exterior, off-street parking, and tenant-paid electric keep expenses low. Recent improvements include a new roof and gutters on Building 2 (completed July 2024), updated wall-mounted HVAC units, and newer windows throughout. The on-site coin laundry adds extra income and helps offset shared utility costs. Currently generating $72,600 in gross annual rent, the property has a market rent potential of $108,000.00. Operating expenses are minimal, estimated at just $8,600 per year. Two units are currently vacant for easy showings and are expected to lease quickly given the tight local rental market. Whether you're a seasoned investor or looking to grow your portfolio, this is a stable, cash-flowing property with

Neighborhood & Setting

48–60 Janice Street is ideally situated within walking or short driving distance to major retail centers such as The Commons and Foxcroft Towne Center, supporting everyday needs and drawing strong consumer traffic. Downtown Martinsburg’s historic core and Berkeley Plaza add to the commercial mix. Looking ahead, Berkeley County’s growth is bolstered by large employer expansions and new industrial infrastructure—including the coming CMC Steel micro-mill. Meanwhile, the housing market continues to appreciate, and new residential construction is underway to meet rising demand. The combination of retail anchors, strong economic development, and rising home values makes this area compelling for rental demand and long-term asset appreciation. Let me know if you’d like deeper insight into zoning, leasing comps, or nearby infrastructure plans
The area features primarily residential properties with nearby schools, parks, shops, and local services within easy reach
City & Market Context Martinsburg is the county seat of Berkeley County, and the largest city in West Virginia's Eastern Panhandle. It lies approximately 18 miles southwest of Hagerstown, MD, offering strong access to regional transit corridors such as Interstate 81 and U.S. Route?1The city supports about 18,800 residents with a median age near 37.5, and a median household income of approximately $54,500–$55,500 Martinsburg combines historic charm and urban convenience, providing residents with local shops, eateries, parks, and nearby access to Washington, D.C. and Baltimore
Located just outside downtown Martinsburg in a residential neighborhood, 48–60 Janice Street offers easy access to local amenities, schools, transportation, and employment centers. With the city’s historic heritage, growing market, and strong commute options, this neighborhood presents excellent rental demand and long-term appeal for owners and investors alike.