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    Income-Generating Multi-Unit Property Near University

    136 Greenville Avenue Clarion, PA 16214

    Claim this Listing
    For Sale
    Under Contract
    $185,000

    MULTI_FAMILY - Clarion, PA

    Property size:
    1,794 SF
    Lot size:
    0.21 Acres
    Price / SF:
    $103/SF
    Added:
    Apr 10, 2026
    Days on Market:
    93
    Last Refresh:
    Jul 11 at 6:06 am

    Property Features for 136 Greenville Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R3
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 6, Bathroom 1, Bedroom 5, Basement, Bedroom 3
    Basement
    Full
    Standard status
    Active Under Contract
    APN
    05-040-094-000-00
    Size
    1,794 SF
    Lot size
    0.21 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1699

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    3
    Number of units
    2
    Roof type
    Composition

    Listing agent Cheyna Griggs

    Listing office EXP Realty, LLC 630 Freedom Business Center Dr Suite 300, Pittsburgh, PA

    Listing date Apr 10, 2026

    MLS# 163708 Listing URL

    Copyright © 2026 Allegheny Valley Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This multi-unit property is located within walking distance of downtown Clarion and near PennWest University. It has a history of student rentals. The first unit includes 2 bedrooms, 1 bathroom, a kitchen/dining room combo, and a living room. The second unit features 3 bedrooms, 1 bathroom, a kitchen, and a living room/dining room combo. There is expansion potential on the 3rd floor. The property includes off-street parking for 9 vehicles in the back, plus a full basement with 2 washers and 2 dryers. A carport has been enclosed for additional living space. Recent updates include kitchens, bathrooms, fresh paint, and a new porch. All appliances are included with the sale. The landlord covers all utilities except water/sewer. The property is situated on a lot of 0.206 acres and has a building size of 1794 square feet. The zoning is R3. It can be converted into a spacious primary residence.

    Key Highlights

    • Multi‑unit home with natural gas forced‑air heat and public water and public sewer
    • Includes off‑street parking for 9 vehicles plus an enclosed carport for additional living space
    • Full basement with 2 washers and 2 dryers for tenant convenience

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $18.3k $10.20
    − Vacancy −$1.2k −$0.66
    EGI $17.1k $9.54
    − OpEx −$5.1k −$2.86
    NOI $12.0k $6.68
    1,794 SF · lease $10.20/SF/yr · vacancy 6.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $171.1K
    $149.7K – $199.6K (±1% cap)
    NOI $11,977 @ 7.0% cap · market cap 6.47%
    Second Best
    Apartment 5plus
    $159.0K
    $139.1K – $185.5K (±1% cap)
    NOI $11,130 @ 7.0% cap · market cap 6.02%
    Theoretical Best
    Office A
    $317.4K
    $277.7K – $370.3K (±1% cap)
    NOI $22,217 @ 7.0% cap · market cap 12.01%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Electrical Service Kitchen & Bath Showroom Garden Center HVAC Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Catering Service Veterinary Clinic (Bike/Boat/Book/etc) Store Florist

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

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    FAQs

    What type of property is this?
    Duplex - Well-maintained multi-unit property near PennWest University.
    Where is this duplex located?
    The property is located at 136 Greenville Avenue Clarion, PA.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: Multi‑unit home with natural gas forced‑air heat and public water and public sewer; Includes off‑street parking for 9 vehicles plus an enclosed carport for additional living space; Full basement with 2 washers and 2 dryers for tenant convenience
    Contact an agent
    (814) 715-9091
    We can help!
    Contact an agent
    Cheyna Griggs
    Cheyna Griggs
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