Building Details

Buildings 13

Listing Agency: EXP Realty, LLC c***@exprealty.com Show Phone

Listed By: Cheyna Griggs Show Phone

Source: Exprealty

Added: Jul 31 Changed: Aug 10 Last Checked: Aug 12 at 10:07AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty, LLC

Investment Insights

Based on property information with market context.

This multifamily portfolio includes 13 properties serving students associated with PennWest University. The offering comprises 89 bedrooms, 32 full baths, and 5 half baths, along with the real estate and personal property used in operations. The portfolio also includes an established website, signage, and a recognized student housing brand.

The properties are located near campus in Clarion, Pennsylvania, supporting their student-oriented use. The operating history extends across 50 years, and historical performance reflects an estimated 9.7% cap rate. Financial information is available to qualified buyers after execution of a confidentiality agreement.

Key Highlights

• 13‑property multifamily portfolio serving PennWest University
• 89 bedrooms across the portfolio
• 32 full baths and 5 half baths

Property Analytics

Property Profile

Current Use

Multifamily properties

Suggested Use

Top Pick Real Estate Agency Electrical Service Kitchen & Bath Showroom Dental Office Parking Lot & Garage HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

242

Businesses Nearby

Explore this area Business Placement

Demographics for 16214, PA

8,308

Population

4,113

Households

2

Avg Household Size

32

Median Age

40%

College-Educated

93%

High-School Grad

47.9 sq mi

ZIP Area

173

Density / Sq Mi

$53,430

Median Household Income

$23,262

Median Earnings

$872

Median Rent

$169,100

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Multifamily property - Established student-oriented multifamily portfolio serving PennWest University with included real estate and operational assets.

Where is this multifamily property located?

The property is located at 110 Grand Ave Clarion, PA.

What is the asking price?

The asking price for this property is $3,885,000.

What are key features of this property?

This property features: 13‑property multifamily portfolio serving PennWest University; 89 bedrooms across the portfolio; 32 full baths and 5 half baths