Canvas Townhomes (WVU) — Sale in Morgantown, WV
- Price: $3
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Morgantown, WV 26505
- Size: 1,614 SF
- Year built: 2009
Photos
Description
Jones Lang LaSalle is pleased to present Canvas Townhomes, a 335-unit, 920-bed purpose-built student housing community serving West Virginia University in Morgantown, WV. Built in 2009, the Property features 100% bed-bath parity and delivers the most spacious units in the market at 1,614 square feet per unit—50% larger than the competitive average. Current ownership has invested $3 million in renovations, with upgraded units commanding $100–$145 per bed premiums. Completing renovations on roughly 40% of remaining inventory generates $500,000 in additional cash flow annually—a fully de-risked value-add opportunity. WVU achieved record enrollment momentum in Fall 2025, with first-time freshman enrollment up 7% and retention reaching 85%. With zero new supply in the pipeline and only 50% of students housed, the market presents sustained demand in a high-barrier-to-entry environment. Dan Adamski License #: WV - WV0028471
Market Context
This multifamily in Morgantown, WV is listed for sale at $3 across 1,614 SF. The building dates to 2009. Compare it against other multifamily listings for sale in Morgantown, WV — view the full market.
Contact
- Scott Clifton · 8477673980 · scott.clifton@jll.com
- Teddy Leatherman · 5032604402 · teddy.leatherman@jll.com
- Kevin Kazlow · 2017887537 · kevin.kazlow@jll.com