Student Housing Multifamily
For Sale
$3,885,000
110 Grand Avenue, Clarion, PA 16214
Established student housing portfolio with real estate, furnishings, branding assets, and operations serving PennWest University.
Property Size50,000 SF
Price / SF$77.70
Days on Market96
Property Features for 110 Grand Avenue
General Information
Standard status
Active
Size
50,000 SF
Property subtype
Multi-Unit
Financials
Cap Rate
9.7%
Business Included
Yes
Amenities
Lot Size Acres: 2.4
Asphalt Roof, Metal Roof
Sewer Type: Municipal
Total Taxes: $32,439, Tax Year: 2026, Percentage of Tax that is Deductable: 0
Garage Type: Attached, One Garage Space
Has Central AC: 1, Wall/Window AC: 1
Sale, Sale Type: Foreclosure, Availability Date: 2026-09-15
Driveway
School District: Clarion Area SD
89 Bedrooms
Residential Style: Traditional, 2 Stories, Built in 1900, Renovation Year: 2026
Property Township: Clarion Borough
Property Zone Type: 600, Above Area Square Feet: 50000
Near Bus, Handicap Features, Is Furnished
32 Full Baths, 5 Half Baths
Water Source: Municipal, Natural Gas Available
Construction Type: Frame, Deck, Open Porch
Vinyl Siding, Wood Siding
Building Details
Year Built
1900
Buildings
13
Listing Agency:
eXp Realty LLC
Listed By:
Cheyna Griggs
(888) 379-9352
Source:
Doyle-realty
Added: Jul 30
Changed: Nov 1
Last Checked: Nov 1 at 5:11AM
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
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Investment Insights
Based on property information with market context.
This multifamily portfolio includes 13 student housing properties with 89 bedrooms, 32 full baths, and 5 half baths. The offering includes the real estate along with personal property, signage, an established website, and a recognized student housing brand. The properties serve PennWest University and have a history of stable occupancy and consistent cash flow. The portfolio is associated with an established 50-year operating platform and has historically produced a 9.7% cap rate based on operating performance and the asking price.
The portfolio is located at 110 Grand Avenue in Clarion, Pennsylvania, within the Clarion Area School District. The included operating assets and brand provide continuity for a buyer acquiring an established student housing business.
The portfolio is located at 110 Grand Avenue in Clarion, Pennsylvania, within the Clarion Area School District. The included operating assets and brand provide continuity for a buyer acquiring an established student housing business.
Key Highlights
- 13‑property student housing portfolio serving PennWest University
- 89 bedrooms with 32 full baths and 5 half baths
- 50,000 square feet of property size
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
242
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 with real estate, furnishings, branding assets, and operations serving PennWest University.
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 student housing portfolio serving PennWest University; 89 bedrooms with 32 full baths and 5 half baths; 50,000 square feet of property size
