Clarion Multifamily Investment
990 E Main St Clarion, PA 16214
990 E Main St, Clarion, PA, 16214
$3,500,000
For Sale
Under Contract
$3,500,000
COMMERCIAL - Clarion, PA
Property Size44,310 SF
Lot Size1.94 Acres
Price / SF$78.99
Days on Market678
Property Features for 990 E Main St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-2
- Bathrooms
- 71
- Rooms
- Bathroom 11, Bathroom 29, Bathroom 19, Bathroom 9, Bathroom 30, Bathroom 33, Bathroom 20, Bathroom 53, Bathroom 57, Bathroom 38, Bathroom 39, Bathroom 46, Bathroom 58, Bathroom 10, Bathroom 52, Bathroom 1, Bathroom 21, Bathroom 44, Bathroom 12, Bathroom 3, Bathroom 59, Bathroom 22, Bathroom 24, Bathroom 4, Bathroom 32, Bathroom 50, Bathroom 31, Bathroom 36, Bathroom 5, Bathroom 68, Bathroom 2, Bathroom 8, Bathroom 43, Bathroom 6, Bathroom 16, Bathroom 25, Bathroom 61, Bathroom 13, Bathroom 67, Bathroom 70, Bathroom 37, Bathroom 26, Bathroom 64, Bathroom 17, Bathroom 42, Bathroom 14, Bathroom 69, Bathroom 63, Bathroom 65, Bathroom 54, Bathroom 35, Bathroom 41, Bathroom 27, Bathroom 18, Bathroom 40, Bathroom 48, Bathroom 55, Bathroom 56, Bathroom 60, Bathroom 49, Bathroom 15, Bathroom 66, Bathroom 62, Bathroom 47, Bathroom 7, Bathroom 51, Bathroom 23, Bathroom 71, Bathroom 34, Bathroom 45, Bathroom 28
- Standard status
- Active Under Contract
- APN
- 05-030-023-000-00
- Size
- 44,310 SF
- Lot size
- 1.94 Acres
Taxes and HOA fees
- Tax Annual Amount
- 23086
Building Details
- Year built
- 1963
- Floors in Building
- 3
Listing agency
Burford & Henry Real Estate Services
(814) 227-7355
Listed by
Alison Heffner
(814) 271-9676
Added: Sep 13, 2024 Updated: Jul 11 at 5:33AM Checked: Jul 22 at 2:06PM
MLS# 160759
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.
Located at 990 E Main St, Clarion, PA, this property presents an investment opportunity with two buildings comprising a total of 70 apartment units and 92 parking spaces. The property, situated in Clarion, is positioned to attract tenants. The unit mix includes 13 studio apartments rented at $625 per month, 26 one-bedroom apartments at $725 per month, and 31 two-bedroom apartments at $825 per month. The property is zoned C-2 and is situated on a 1.94-acre lot. The total building size is 44,310 square feet. The property maintains consistently high occupancy, generating rental income. This property is suited for investors seeking to expand their portfolio in a rental market.
Key Highlights
- 990 E Main St, Clarion, PA built in 1963 with two buildings
- Total of 70 apartment units across two buildings
- 92 parking spaces available for tenants and guests
Local Financial Insights For Apartment 5plus
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 | $531.7k | $12.00 |
| − Vacancy | −$31.9k | −$0.72 |
| EGI | $499.8k | $11.28 |
| − OpEx | −$224.9k | −$5.08 |
| NOI | $274.9k | $6.20 |
44,310 SF · lease $12.00/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.93M
$3.44M – $4.58M
NOI $274,899 @ 7.0% cap · market cap 7.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.84M
$6.86M – $9.15M
NOI $548,735 @ 7.0% cap · market cap 15.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Alpha Student Housing
Vacation Rental
Campus Habitat
Student Housing Center
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - 70-unit apartment complex with high occupancy in Clarion, Pennsylvania.
Where is this apartment building located?
The property is located at 990 E Main St Clarion, PA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 990 E Main St, Clarion, PA built in 1963 with two buildings; Total of 70 apartment units across two buildings; 92 parking spaces available for tenants and guests
