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575 MADISON AVENUE, NEW YORK, NY 10022. 212.891.7000 © 2026 DOUGLAS ELLIMAN REAL ESTATE. EQUAL EMPLOYMENT OPPORTUNITY PROVIDER. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. LISTING DATA REFRESHED ON MAR 20 2026 AT 8:54 AM.

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7986 FRANKFORT Hwy

fort ashby, WV 26719

$429,000

  • 5 BR
    3 BA, 1 HALF BA
    approx. 2,367 SF

Interested? Let's Connect

Versatile Income-Producing Property on Over 2 Acres – Unrestricted & Multi-Lot Opportunity

This exceptional residential property offers a rare blend of immediate income, flexibility, and future development potential. Situated on three unrestricted lots totaling just over 2 acres, the property features a two-unit residence ideal for investors, multi-generational living, or owner-occupants seeking rental income.

The upper apartment includes 3 bedrooms and 2 full bathrooms, while the lower apartment offers 2 bedrooms and 1.5 bathrooms. Each unit is equipped with separate water and electric meters, providing efficiency and ease of management. A new metal roof installed in 2015 adds long-term durability and peace of mind.

Previously utilized as a landscape supply yard, the property includes a heavy-duty gravel lot rated for tractor trailers and dump truck deliveries, offering exceptional parking and commercial-grade utility. An equipment building is already serviced with electric and water, with interior outlets in place—ideal for storage, workshop use, or future expansion.

Outdoor living is elevated with a large wood-burning fireplace patio, complemented by an adjacent elevated patio perfect for grilling or a future outdoor kitchen. Mountain views and a natural stream running through the property create a peaceful setting while enhancing tenant appeal and long-term rental value.

Located in a high-demand market with proven rental performance, this property supports long-term rentals, short-term rentals, or conversion back to a single-family residence. The unrestricted zoning and multiple lots provide numerous opportunities for future development, expansion, or resale. Adding to the property’s upside, the current owner previously received county approval of a preliminary plan to add multiple rental cabins, highlighting the site’s strong development potential

A truly rare offering combining income generation, unrestricted land, ample parking, and scenic surroundings in a sought-after location that's close to schools, shopping, dining and many area recreational landmarks.

Details

2,367 Sq Ft

2.09 Private Acres Lot Size

other

$869 Annual Tax

Built in 1991

MLS/Listing ID WVMI2003914

Amenities & Features

Heating - Electric

Block

Construction - Vinyl Siding

Dishwasher

Dryer

Refrigerator

Washer

Lot - Stream Creek

Attic

Dining Area

Pets Allowed

Estimate my mortgage

TOTAL MONTHLY COST

$0

  • PRINCIPAL & INTEREST

    $0

  • PROPERTY TAXES

    $0

  • Common Charges

    $0

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Interested In 7986 FRANKFORT Hwy?

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the BrightMLS. Real estate listings held by brokerage firms other than Douglas Elliman of VA are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Last date updated: 03/20/2026.
Source: Bright Multiple Listing Service, Inc.

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