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    20 & 48 S 6th Avenue Clarion, PA 16214

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    Claim this Listing
    New
    For Sale
    Under Contract
    $749,900

    Multi Family - Clarion, PA

    Property size:
    23,795 SF
    Lot size:
    0.43 Acres
    Price / SF:
    $31/SF
    Added:
    Apr 27, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 29 at 6:06 am

    Property Features for 20 & 48 S 6th Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    C-1 and C-2
    Bedrooms
    2
    Rooms
    Bedroom 1, Bedroom 2
    Parking
    2
    Interior features
    Electric-circuit Break-100 Amp
    Appliances
    Refrigerator
    Standard status
    Active Under Contract
    Size
    23,795 SF
    Lot size
    0.43 Acres

    Taxes and HOA fees

    Tax Annual Amount
    21234

    Utilities

    Utilities
    Electricity Available
    Heating system
    Electric (Heating), Hot Water (Heating)

    Building Details

    Year built
    1890
    Floors in Building
    3
    Number of units
    24
    Building materials
    Brick, Frame, Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Brian Burford
    Brian Burford

    Listing agent Brian Burford

    Listing office Burford & Henry Real Estate Services 10189 RT 322, Shippenville, PA

    Listing date Apr 27, 2026

    MLS# 162119 Listing URL

    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.

    Overview

    26-Unit Multi-Family Investment Property

    This multi-family property features a total of 26 units and generates a substantial cash flow. The property is currently 100% occupied, producing a gross monthly income of $16,900, which equates to an annual income of $202,800. The average rent per unit is $650 per month, with some utilities included in certain units. The seller estimates annual expenses to be $123,000. Most of the units are configured as two-bedroom, one-bath layouts, with a few three-bedroom, one-bath units also available. Leases are currently month to month. The property consists of four parcels of land. A three-story brick building, constructed in 1890, houses 12 units. An additional 12 units are located in a one-story building built in 1950, which formerly served as a sorority house. The remaining two units are situated in a vinyl-sided up/down duplex built around 1900. The property benefits from its location adjacent to a borough parking lot, providing off-street parking options. The property is located in Clarion, PA, and the buildings occupy a lot size of 0.43 acres, with a total property size of 23,795 square feet. The zoning is C-1 and C-2.
    Location Intelligence

    Current Use by Public Records

    Cherico Victor C ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clarion
    County
    Clarion
    State
    Pennsylvania
    Longitude
    -79.3848357
    Latitude
    41.2132002

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    FAQs

    What type of property is this?
    Apartment building - 26 units, $202,800 annual income, 100% occupied.
    Where is this apartment building located?
    The property is located at 20 & 48 S 6th Avenue Clarion, PA.
    What is the asking price?
    The asking price for this property is $749,900.
    What are key features of this property?
    This property features: 100% Occupied: Enjoy immediate cash flow with this fully occupied property.; Strong Gross Income: Generates $202,800 annual gross income.; Multi‑Unit Property: Features 26 units across multiple buildings and parcels.
    (814) 229-5158
    We can help!
    Listing Contact
    Brian Burford
    Brian Burford
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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