Two-Building Apartment
990 E Main St Clarion, PA 16214
990 E Main St, Clarion, PA, 16214
$3,500,000
For Sale
Under Contract
$3,500,000
MULTI_FAMILY - 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
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C-2
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 4, Basement, Bathroom 3, Bedroom 1
- Basement
- Partial, Finished
- 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
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1963
- Floors in Building
- 3
- Number of units
- 70
Listing agency
Burford & Henry Real Estate Services
(814) 227-7355
Listed by
Alison Heffner
(814) 271-9676
Added: Sep 13, 2024 Updated: Jul 22 at 4:50PM Checked: Jul 22 at 7:06PM
MLS# 160757
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 two-building apartment complex includes 70 total apartment units and 92 parking spaces. The unit mix consists of 13 studio apartments, 26 one-bedroom apartments, and 31 two-bedroom apartments.
Located at 990 E Main St in Clarion, Pennsylvania, the property is zoned C-2. With a substantial parking count and a diversified residential unit mix, the asset can support a range of apartment sizes within the same community.
Located at 990 E Main St in Clarion, Pennsylvania, the property is zoned C-2. With a substantial parking count and a diversified residential unit mix, the asset can support a range of apartment sizes within the same community.
Key Highlights
- Two‑building multifamily property with 70 apartment units and 92 parking spaces
- Unit mix includes 13 studio units renting at $625/month, 26 one‑bedroom units at $725/month, and 31 two‑bedroom units at $825/month
- Public water supply and public sewer connection
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
Apartment Building
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Two apartment buildings totaling 70 units with 92 parking spaces in Clarion, zoned C-2.
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: Two‑building multifamily property with 70 apartment units and 92 parking spaces; Unit mix includes 13 studio units renting at $625/month, 26 one‑bedroom units at $725/month, and 31 two‑bedroom units at $825/month; Public water supply and public sewer connection
