Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Charming Duplex in Punxsutawney, PA Title is generated by Realmo AI

    116 Clark Street, Punxsutawney, PA 15853

    View on Map
    Claim this Listing
    For Sale
    $139,000

    Multi-Unit (2-4), Duplex - Punxsutawney, PA

    Lot size:
    0.18 Acres
    Added:
    Jul 25, 2025
    Days on Market:
    302
    Last Refresh:
    May 22 at 4:06 am

    Property Features for 116 Clark Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    100
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Living Room
    Parking features
    Garage
    Exterior features
    Balcony
    Standard status
    Active
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1900
    Year renovated
    1900
    Floors in Building
    2
    Building materials
    Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Donald Powell
    Donald Powell

    Listing agent Donald Powell

    Listing office EVEREST CONSULTING GROUP LP (DBA: BERKSHIRE HATHAWAY HOMESERVICE 9840 OLD PERRY HIGHWAY, Wexford, PA

    Listing date Jul 25, 2025

    MLS# 11639183 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two‑unit building ideal for investors or owner‑occupants.
    • Brand new roof installed in 2023.
    • Freshly built second‑floor deck.
    • Total of 3 bedrooms and 2 full bathrooms.
    • Separate units with modern upgrades.
    • Prime location in Punxsutawney near schools and local conveniences.

    Overview

    Located in Punxsutawney, PA, the property at 116 & 116 1/2 Clark Street is a two-unit building featuring a total of 3 bedrooms and 2 full bathrooms. It is suitable for investors or owner-occupants. Recent updates include a new roof installed in 2023 and a new second-floor deck. The property is located near schools and local conveniences. The lot size is 0.18 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Punxsutawney
    County
    Jefferson
    State
    Pennsylvania
    Longitude
    -78.968528
    Latitude
    40.947408

    Nearby Similar for Sale

    • $550,000
      928 SF

      Secluded Farm with Acreage

      60-acre farm with farmhouse, barn, outbuilding, pasture, and orchard.
      294 Sprankle Rd, Punxsutawney, PA 15767
      View Details
    • $1,150,520
      6,900 SF

      Free-Standing Medical Office Building

      Medical office building for sale with NN lease structure.
      720 West Mahoning St, Punxsutawney, PA 15767
      View Details
    • $139,000

      Updated Duplex in Punxsutawney

      Two-unit building with recent updates, ideal for investors.
      116 Clark Street, Punxsutawney, PA 15853
      View Details
    • $1,175,000

      Punxsutawney Commercial Building on 5.5 Acres

      Multi-use commercial property with flexible space and high-traffic location.
      2921 Walston Road, Punxsutawney, PA 15767
      View Details
    • $575,000
      1,584 SF

      Established Bar and Grille For Sale

      Turnkey restaurant with loyal customer base and expansion potential.
      206 Elk Run, Punxsutawney, PA 15767
      View Details
    • $320,000
      1,968 SF

      Established Lumber Business Opportunity

      Spacious 2.8-acre lot with 9628 sq ft building.
      1785 Cloe Rossiter Rd, Punxsutawney, PA 15767
      View Details
    • $349,000
      3,932 SF

      Commercial Property on Ridge Avenue

      Commercial property with high visibility and flexible zoning.
      130 - 132 Ridge Ave, Punxsutawney, PA 15767
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit building with recent updates, ideal for investors or owner-occupants.
    Where is this duplex located?
    The property is located at 116 Clark Street Punxsutawney, PA.
    What is the asking price?
    The asking price for this property is $139,000.
    What are key features of this property?
    This property features: Two‑unit building ideal for investors or owner‑occupants.; Brand new roof installed in 2023.; Freshly built second‑floor deck.
    (814) 938-3031
    We can help!
    Listing Contact
    Donald Powell
    Donald Powell
    Real Estate License ID: AB068496
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    116 Clark Street, Punxsutawney, PA 15853
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!