Mixed-Use Property with
New
For Sale
$419,000
149 Madison Road, Clarion, PA 16214
Five apartments and a separate commercial unit provide a residential and business-use configuration.
Property Size4,798 SF
Price / SF$87.33
Days on Market2
Property Features for 149 Madison Road
General Information
Standard status
Active
Size
4,798 SF
Total Parking Spaces
20
Property subtype
Multi Family Home
Zoning
C-2
Additional Details
Highway Access
Yes
Multifamily Units
5
Tenant in Place
Yes
Building Details
Building Size
4,798 SF
Year Built
1976
Stories
3
Units
6
Listing Agency:
Gates & Burns Realty, Inc Cl
(814) 226-5131
Listed By:
Jacqueline Love
(814) 229-1285
Source:
Acemontanarealtysite
Added: Nov 1
Last Checked: Nov 1 at 3:44PM
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 Gates & Burns Realty, Inc Cl
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Investment Insights
Based on property information with market context.
This C-2-zoned mixed-use property at 149 Madison Road in Clarion includes five apartments and one commercial unit, previously used as a hair salon. Each apartment has a stove, refrigerator, and washer/dryer, along with a deck or porch. The property was built in 1976, and the roof and gutters are identified as new in 2026.
The property is within walking distance of downtown and the university, and near the Clarion I-80 exchange. Tenants pay utilities; lawn care and snow removal are handled separately by the owner.
The property is within walking distance of downtown and the university, and near the Clarion I-80 exchange. Tenants pay utilities; lawn care and snow removal are handled separately by the owner.
Key Highlights
- Five rental apartments and one commercial unit
- Commercial unit has a history of hair salon use
- Each apartment includes a stove, refrigerator, and washer/dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,767
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,340
$595.3K
Cap Rate 7%
$425,243
$425.2K
Cap Rate 9%
$330,744
$330.7K
Market Conditions
NOI Build-Up for 4,798 SF
Gross rent
$57.6K $12.00/SF
− Vacancy
−$3.5K −$0.72/SF
EGI
$54.1K $11.28/SF
− OpEx
−$24.4K −$5.08/SF
NOI
$29.8K $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%
$595,340
Cap Rate 7%
$425,243
Cap Rate 9%
$330,744
Alternative Uses
Best Use
Mixed Use
$814.3K
$712.5K – $950.0K
NOI $57,000 @ 7.0% cap · market cap 13.60%
Second Best
Retail
$582.7K
$509.8K – $679.8K
NOI $40,787 @ 7.0% cap · market cap 9.73%
Theoretical Best
Office A
$848.8K
$742.7K – $990.3K
NOI $59,418 @ 7.0% cap · market cap 14.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five apartments and a separate commercial unit provide a residential and business-use configuration.
Where is this mixed-use property located?
The property is located at 149 Madison Road Clarion, PA.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Five rental apartments and one commercial unit; Commercial unit has a history of hair salon use; Each apartment includes a stove, refrigerator, and washer/dryer
