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    Strattanville, PA Shippenville, PA Sligo, PA
    Two-Building Multifamily Apartment Community
    Updated: Sep 13, 2024
    Two-Building Multifamily Apartment Community

    990 E Main St, Clarion, PA 16214

    $3,500,000
    44,310 sqft · 1.94 AC lot
    Two‑building apartment property at 990 E Main St, Clarion, PA, with 70 total apartment units
    92 on‑site parking spaces
    Unit mix: 13 studio apartments, 26 one‑bedroom apartments, and 31 two‑bedroom apartments
    Stated rents: studios at $625/mo, 1BRs at $725/mo, and 2BRs at $825/mo
    Built in 1963 with natural gas hot water heating
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    This listing looks promising.

    Here's a quick look at some key insights for

    990 E Main St, Clarion, PA 16214

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    • Est. Cap Rate

      7.9%
      Above avg (5.9%)

    • Est. NOI

      $275K
      Annual

    • Price @ 7% Cap

      $3.93M
      Above asking

    • Property Type

      Apartments (Generic)
      Built 1963
    View Property Analytics
    Clarion Multifamily Investment Opportunity
    Updated: Sep 13, 2024
    Clarion Multifamily Investment Opportunity

    990 E Main St, Clarion, PA 16214

    $3,500,000
    44,310 sqft · 1.94 AC lot
    Two‑building apartment property at 990 E Main St, Clarion, PA, built in 1963
    Total of 70 apartment units across two buildings
    92 parking spaces on site
    Unit mix includes 13 studio apartments rented at $625/month
    Unit mix includes 26 one‑bedroom apartments rented at $725/month
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Clarion, PA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Multifamily Apartment Building For Sale
    Multifamily Apartment Building For Sale

    321 Grove City Rd, Slippery Rock, PA 16057

    $1,360,000
    11,500 sqft

    Turnkey 17-unit apartment building with stabilized income and upside.

    View details
    Slippery Rock Multifamily Portfolio
    Slippery Rock Multifamily Portfolio

    101-916 Cameron Dr, Slippery Rock, PA 16057

    $11,000,000

    222-unit multifamily portfolio near Slippery Rock University.

    View details
    Fully Rented 6-Unit Investment Property
    Fully Rented 6-Unit Investment Property

    106 Philmar Drive, Butler, PA 16002

    $340,000

    Six-unit property near downtown Butler with immediate cash flow.

    View details
    Butler Multifamily Investment Opportunity
    Butler Multifamily Investment Opportunity

    700 South Main Street, Butler, PA 16001

    $1,225,000
    1.48 AC lot

    15-unit property with expansion potential on 1.48 acres.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

    View details
    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Brooklyn Two-Family Home with Development Potential
    Brooklyn Two-Family Home with Development Potential

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    2,660 sqft · 0.10 AC lot

    Two-family home on a large lot with significant development potential.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details

    Clarion, PA Apartment Buildings Market Trends and Statistics

    Explore 2 apartment buildings for sale in Clarion, PA on our real estate platform. These investment opportunities span a total of 88,620 square feet of properties for sale, with an estimated market value of $7,000,000.

    Sale prices for two-family homes in Clarion, PA start at $3,500,000, averaging $3,500,000, and reaching up to $3,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 8,655
    Population Growth (5Y) -13.3%
    Median Household Income $53,430
    College Educated 56.8%

    High-Yield Neighborhoods for Investment

    Identify Clarion submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    16214 $3.5M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Clarion County

    New Delisted

    Total CRE Inventory on Market (SF)

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