Student Housing Multifamily
For Sale
$3,885,000
110 Grand Avenue, Clarion, PA 16214
Residential Income, Clarion, PA
Property Size50,000 SF
Lot Size2.40 Acres
Price / SF$77.70
Days on Market94
Property Features for 110 Grand Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Variable
Rooms
Basement
Basement
Finished, Partial, Full
Elementary school district
Clarion
Middle school district
Clarion
High school district
Clarion
Subdivision
Clarion
Standard status
Active
APN
05-050-014-000-00
Size
50,000 SF
Lot size
2.40 Acres
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Taxes and HOA fees
Tax Annual Amount
32439
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Baseboard, Forced Air, Hot Water(Heating), Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
26
Roof type
Metal, Composition
Buildings
13
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Cheyna Griggs
(814) 715-9091
Added: Jul 31
Changed: Oct 29
Last Checked: Nov 1 at 7:06AM
MLS# 164166
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.
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Investment Insights
Based on property information with market context.
This multifamily portfolio comprises 13 residential properties serving PennWest University, with a combined 89 bedrooms, 32 full baths, and 5 half baths. The offering includes the real estate along with personal property, signage, and an established website associated with the housing operation. The properties provide student-oriented residential accommodations in the Clarion market and are positioned near campus. Across the portfolio, the reported building area totals 50,000 square feet on 2.399 acres. Property records identify variable zoning, public water, public sewer, central air, and a mix of hot water, baseboard, forced-air, natural gas, and electric heating systems. Roof types include metal and composition materials.
Key Highlights
- 13‑property multifamily portfolio serving PennWest University
- 89 bedrooms with 32 full baths and 5 half baths
- 50,000 square feet across 2.399 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$310,200
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,204,000
$6.2M
Cap Rate 7%
$4,431,429
$4.4M
Cap Rate 9%
$3,446,667
$3.4M
Market Conditions
NOI Build-Up for 50,000 SF
Gross rent
$600.0K $12.00/SF
− Vacancy
−$36.0K −$0.72/SF
EGI
$564.0K $11.28/SF
− OpEx
−$253.8K −$5.08/SF
NOI
$310.2K $6.20/SF
Area
Clarion County, PA
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,204,000
Cap Rate 7%
$4,431,429
Cap Rate 9%
$3,446,667
Alternative Uses
Best Use
Apartment 5plus
$4.43M
$3.88M – $5.17M
NOI $310,200 @ 7.0% cap · market cap 7.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.85M
$7.74M – $10.32M
NOI $619,200 @ 7.0% cap · market cap 15.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
454
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Established student housing portfolio serving PennWest University with multiple residential properties and included business-related personal property.
Where is this multifamily property located?
The property is located at 110 Grand Avenue 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 with 32 full baths and 5 half baths; 50,000 square feet across 2.399 acres
