Parkersburg Multifamily Buyer
Sell Your Commercial Property In Parkersburg, WV
Skyline Capital Investments buys commercial apartment buildings of 5+ units in Parkersburg and across Wood County — listed or off-market, stabilized or value-add. Get clear feedback on your deal, typically within 48 hours.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Parkersburg Submarkets: Downtown Parkersburg · Vienna · Williamstown · Mineral Wells — Wood County, WV
The Parkersburg Market
What Drives Rentals In Parkersburg
Parkersburg had 29,240 residents and 13,313 occupied homes in the ACS 2020-2024 estimates. Renters occupied 35.0% of those homes, against 24.9% across Wood County (Census B25003). Owners who want to sell commercial property in Parkersburg, WV are working with old buildings and rents below the state median.
The median gross rent in Parkersburg was $785 a month, compared with $872 statewide (Census B25064). This profile covers who rents, HUD's FY2027 fair market rents and Wood County property taxes. It also explains Article 1764, the rental registration ordinance that took effect on April 15, 2026. Every figure links to the public page it came from.
Bureau of the Fiscal Service
Treasury's Bureau of the Fiscal Service runs a Parkersburg operations center. ACS 2020-2024 counts 1,890 federal workers living in Wood County, 5.2% of employed residents.Camden Clark Medical Center
WVU Medicine Camden Clark Medical Center in Parkersburg is a 302-bed, not-for-profit hospital with more than 220 physicians, according to WVU Medicine.Chemours Washington Works
Chemours' Washington Works sits outside the city, about seven miles southwest of Parkersburg, on a 1,200-acre Ohio River site, per WVDEP in 2015.Our Buy Box
What We Buy In Parkersburg
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Parkersburg Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Parkersburg
Renters made up 35.0% of Parkersburg households in ACS 2020-2024, or 4,660 of 13,313 occupied homes (Census tenure table B25003). Parkersburg holds 52.2% of Wood County's renter households (Wood County tenure data).
Buildings with five or more units held 11.3% of Parkersburg's homes, or 1,720 units, against 7.8% statewide (Census units-in-structure table B25024). The stock is old: 84.5% of homes were built before 1980, and the median year built is 1956 (Census year-built table B25034). Age drives pricing when owners sell commercial real estate in Parkersburg, WV.
Rents and affordability in Parkersburg
The median gross rent in Parkersburg was $785 a month in ACS 2020-2024 (Census median gross rent table B25064). HUD's FY2027 two-bedroom fair market rent for the Parkersburg-Vienna, WV MSA is $974, which is $189 above that median.
| Unit size | HUD FY2027 FMR, Parkersburg-Vienna, WV MSA |
|---|---|
| Efficiency | $793 |
| One bedroom | $798 |
| Two bedrooms | $974 |
| Three bedrooms | $1,214 |
| Four bedrooms | $1,281 |
HUD says fair market rents set voucher payment standards, so the table matters for buildings with Housing Choice Voucher tenants. In ACS 2020-2024, 45.0% of Parkersburg renters paid 30% or more of income on rent (Census B25070). The rental vacancy rate was 7.1%, against 9.8% in Wood County (Census profile DP04).
Property taxes in Wood County
Class IV real estate in Wood County's municipalities averaged $3.10 per $100 of assessed value in the 2025 tax year. That average comes from $16,433,007 in levies on $529,284,230 of assessed value (WV Tax Division report). Property inside a municipality is Class IV (W.Va. Code 11-8-5), assessed at 60% of true and actual value (W.Va. Code 11-3-1).
On a $2,000,000 Parkersburg apartment building, the assessed value is $1,200,000. At the $3.10 average, the annual bill is about $37,200, an effective rate of 1.86%. Buyers model this bill first when you sell commercial property in Parkersburg, WV.
The Wood County Commission sits as the board of equalization and review each February (W.Va. Code 11-3-24). A sale adds a state transfer tax of $1.10 per $500 and a county tax of 55 cents to $1.65 per $500 (W.Va. Code 11-22-2). On $2,000,000, the combined total runs from $6,600 to $11,000.
Landlord rules in Parkersburg
Parkersburg's Article 1764 requires every residential rental unit to register from April 15, 2026 (City of Parkersburg rental registration page). The fee is $25 per unit per year, capped at $500 per owner or entity. City officials inspect units no more than once every 24 months, and the first two inspections are free.
West Virginia landlords must return a security deposit, with an itemized list of deductions, within the notice period (W.Va. Code 37-6A-2). That period is 60 days after the tenancy ends or 45 days after a new tenant moves in, whichever is shorter (W.Va. Code 37-6A-1). A month-to-month tenancy ends with notice of one full rental period unless the lease says otherwise (W.Va. Code 37-6-5).
What it means for an owner in Parkersburg
Parkersburg pairs a 35.0% renter share with a 1956 median year built. Buyers price in capital needs, the $3.10 tax average and Article 1764 fees. If you plan to sell your apartment building in Parkersburg, run your rents and taxes through our cap rate calculator first.
Skyline Capital Investments buys 5+ unit apartment buildings in Downtown Parkersburg, Vienna, Williamstown and Mineral Wells. To sell commercial property in Parkersburg, WV without a listing, see how a direct sale works on our sell my apartment building page.
Seller Notes
What Shapes A Parkersburg Offer
More about selling in West Virginia →Investing in Parkersburg? See apartment syndications in Parkersburg →
- Renters occupy 35.0% of Parkersburg homes, and 84.5% of the city's housing predates 1980.
- Owners who sell multifamily property in Parkersburg after April 15, 2026 need current Article 1764 registrations.
- Buyers start with the $3.10 Class IV average when owners sell commercial real estate in Parkersburg, WV.
Seller Guides
Parkersburg Seller Situations
Learn More
Taxes & Rules For Parkersburg Property
The West Virginia rules that shape any deal in Parkersburg: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Parkersburg Seller FAQ
How much are property taxes on an apartment building in Parkersburg?
Apartment buildings in Parkersburg are Class IV property, assessed at 60% of market value. Class IV real estate in Wood County's municipalities averaged $3.10 per $100 of assessed value in 2025, per the WV Tax Division. A $2,000,000 building would owe about $37,200 a year at that average.
What should I know before I sell commercial property in Parkersburg, WV?
Buyers look at rents, age and compliance. The median gross rent was $785 a month in ACS 2020-2024, and 84.5% of the city's homes were built before 1980. Article 1764 rental registration took effect on April 15, 2026, so current registrations help due diligence.
Do I have to register my rental units with the City of Parkersburg?
Yes. Article 1764 requires registration of all residential rental units inside the city from April 15, 2026. The fee is $25 per unit per year, capped at $500 per owner or entity. Inspections happen no more than once every 24 months, and the first two are free.
What do buyers check when I sell commercial real estate in Parkersburg, WV?
Buyers compare in-place rents with HUD's FY2027 two-bedroom fair market rent of $974. They also check vacancy, which was 7.1% in ACS 2020-2024, and capital needs, since the median year built is 1956. Clean leases and current registrations support price.
What transfer tax applies when I sell a building in Wood County?
W.Va. Code 11-22-2 sets a state excise tax of $1.10 per $500 of value. The county tax runs from 55 cents to $1.65 per $500. When selling commercial property in Parkersburg for $2,000,000, the combined state and county total runs from $6,600 to $11,000.
What if my Parkersburg building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
How does a sale to you work in Wood County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Who buys occupied rental property in Parkersburg?
We do. Skyline Capital Investments is a commercial real estate buyer of 5+ unit multifamily, and we buy apartment buildings with tenants in place, including properties with below-market rents.
How fast can I sell my apartment building in Parkersburg?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
Submit A Deal
Selling A Building In Parkersburg?
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
