Student Housing Multifamily
New
For Sale
$3,885,000
110 Grand Avenue, Clarion, PA 16214
MULTI_FAMILY - Clarion, PA
Property Size50,000 SF
Lot Size2.40 Acres
Price / SF$77.70
Days on Market1
Property Features for 110 Grand Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Variable
Rooms
Basement
Basement
Finished, Full, Partial
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
Taxes and HOA fees
Tax Annual Amount
32439
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas, Forced Air, Hot Water(Heating), Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
26
Roof type
Composition, Metal
Listing Agency:
EXP Realty, LLC
(888) 397-7352
Listed By:
Cheyna Griggs
(814) 715-9091
Added: Jul 31
Last Checked: Jul 31 at 9:06PM
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.
Investment Insights
Based on property information with market context.
Multifamily student housing investment portfolio comprising thirteen strategically located properties serving PennWest University. The portfolio totals eighty-nine bedrooms with thirty-two full baths and five half baths, and it includes the real estate plus personal property, established website, signage, and a well-recognized student housing brand.
The portfolio sits on 2.399 acres and is presented as a 50,000 square foot multifamily package. Zoning is listed as Variable. The buildings include central air cooling and natural gas heating with forced air, hot water baseboard, and electric heating components. Water is provided by public source and sewer is public sewer, with metal and composition roof materials reported.
The sale package includes properties with basement space, and the year built is reported as 1900. Financial information is available to qualified buyers after execution of a confidentiality agreement.
The portfolio sits on 2.399 acres and is presented as a 50,000 square foot multifamily package. Zoning is listed as Variable. The buildings include central air cooling and natural gas heating with forced air, hot water baseboard, and electric heating components. Water is provided by public source and sewer is public sewer, with metal and composition roof materials reported.
The sale package includes properties with basement space, and the year built is reported as 1900. Financial information is available to qualified buyers after execution of a confidentiality agreement.
Key Highlights
- Thirteen‑property multifamily student housing portfolio serving PennWest University
- Eighty‑nine bedrooms total with 32 full baths and 5 half baths
- 2.399‑acre site with 50,000 SF total reported building size
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 | $600.0k | $12.00 |
| − Vacancy | −$36.0k | −$0.72 |
| EGI | $564.0k | $11.28 |
| − OpEx | −$253.8k | −$5.08 |
| NOI | $310.2k | $6.20 |
50,000 SF · lease $12.00/SF/yr · vacancy 6.00% · expense 45.00%
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.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Student housing portfolio with thirteen properties, offering a total of eighty-nine bedrooms and central air cooling.
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: Thirteen‑property multifamily student housing portfolio serving PennWest University; Eighty‑nine bedrooms total with 32 full baths and 5 half baths; 2.399‑acre site with 50,000 SF total reported building size
