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 Market95
Property Features for 110 Grand Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
89
Bathrooms
37
Full bathrooms
32
Half bathrooms
5
Rooms
Bedroom 60, Bathroom 27, Bathroom 14, Bedroom 20, Bathroom 28, Bedroom 47, Bathroom 6, Bedroom 5, Bedroom 41, Bedroom 56, Bedroom 85, Bathroom 10, Bedroom 80, Bedroom 69, Bathroom 21, Bedroom 68, Bedroom 50, Bedroom 42, Bathroom 37, Bedroom 8, Bathroom 29, Bathroom 30, Bedroom 12, Bedroom 54, Bedroom 16, Bedroom 46, Bathroom 26, Bedroom 61, Bedroom 84, Bedroom 29, Bedroom 21, Bedroom 2, Bathroom 9, Bathroom 32, Bedroom 48, Bedroom 18, Bathroom 3, Bedroom 37, Bedroom 23, Bedroom 75, Bedroom 4, Bedroom 33, Bathroom 7, Bathroom 34, Bathroom 11, Bedroom 35, Bedroom 66, Bathroom 22, Bedroom 9, Bedroom 19, Bedroom 52, Bathroom 1, Bathroom 20, Bedroom 62, Bedroom 73, Bedroom 76, Bathroom 25, Bathroom 15, Bedroom 78, Bedroom 6, Bathroom 5, Bathroom 4, Bedroom 58, Bedroom 1, Bedroom 45, Bedroom 26, Bathroom 2, Bedroom 31, Bedroom 10, Bedroom 81, Bedroom 27, Bedroom 11, Bedroom 7, Bedroom 71, Bedroom 74, Bedroom 43, Bedroom 53, Bathroom 36, Bedroom 64, Bathroom 8, Bathroom 13, Bedroom 14, Bedroom 49, Bedroom 57, Bedroom 89, Bedroom 36, Bedroom 13, Bathroom 19, Bathroom 18, Bathroom 24, Bedroom 55, Bathroom 12, Bedroom 87, Bedroom 40, Bedroom 51, Bathroom 16, Bedroom 34, Bathroom 31, Bathroom 17, Bedroom 88, Bathroom 23, Bedroom 63, Bedroom 25, Bedroom 79, Bedroom 15, Bedroom 32, Bedroom 86, Bedroom 39, Bedroom 77, Bedroom 67, Bedroom 28, Bathroom 33, Bathroom 35, Bedroom 22, Bedroom 3, Bedroom 72, Bedroom 59, Bedroom 82, Bedroom 70, Bedroom 44, Bedroom 24, Bedroom 30, Bedroom 65, Bedroom 83, Bedroom 38, Bedroom 17
Parking features
Driveway
Patio and Porch features
Deck, Porch
High school district
Clarion Area SD
Directions
Clarion County Courthouse: Head toward N 5th Ave, Turn right onto S 5th Ave, Turn left onto Wood St, Continue onto Grand Ave, property is on the right
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 Year
2026
Tax Annual Amount
32439
Utilities
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Building materials
Wood Siding, Vinyl Siding
Roof type
Metal, Asphalt
Buildings
13
Listing Agency:
eXp Realty LLC
Listed By:
Cheyna Griggs
(888) 379-9352
Added: Jul 30
Changed: Oct 31
Last Checked: Nov 1 at 5:06AM
MLS# 11964231
Copyright © 2026 My State MLS. 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 properties totaling 50,000 square feet on 2.4 acres. The offering includes 89 bedrooms, 32 full bathrooms, and 5 half bathrooms, with the real estate, personal property, signage, website, and an established student housing brand included. Improvements date to 1900 and feature wood and vinyl siding, asphalt and metal roofing, porches, decks, and driveway parking. Public water serves the properties.
The portfolio serves PennWest University, with the properties located near campus in Clarion, Pennsylvania. Historical operating performance reflects a 9.7% cap rate and stable occupancy. The portfolio has been operated as student housing and includes an established website and branded signage.
The portfolio serves PennWest University, with the properties located near campus in Clarion, Pennsylvania. Historical operating performance reflects a 9.7% cap rate and stable occupancy. The portfolio has been operated as student housing and includes an established website and branded signage.
Key Highlights
- 13‑property multifamily portfolio serving PennWest University
- 89 bedrooms, 32 full bathrooms, and 5 half bathrooms
- 50,000 square feet across 2.4 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 - Thirteen-property student housing portfolio with 89 bedrooms and established 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 multifamily portfolio serving PennWest University; 89 bedrooms, 32 full bathrooms, and 5 half bathrooms; 50,000 square feet across 2.4 acres
