Remodeled Duplex with Furnished
For Sale
$350,000
210 N 2ND ST, Clearfield, PA 16830
Two residential units include private outdoor areas, original character, and separate interior layouts.
Property Size5,186 SF
Days on Market10
Property Features for 210 N 2ND ST
General Information
Standard status
Active
Size
5,186 SF
Property subtype
Triplex
Property Condition
Severity
Repairs Needed
Evidence
some repairs
Units
Unit Mix
2BR/1.5BA, 2BR/1BA + office
Multifamily Units
2
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$2,482
Amenities
private deck
heated enclosed front porch
private off-street parking
Building Details
Building Size
5,186 SF
Year Built
1900
Stories
3
Listing Agency:
Ryen Realty LLC
(814) 762-7910
Listed By:
Nicole Beveridge · License #RS327050
(814) 762-7910
Source:
Nelsonrealtypa
Added: Aug 14
Changed: Aug 22
Last Checked: Aug 23 at 8:10AM
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 Ryen Realty LLC
Investment Insights
Based on property information with market context.
Located at 210 N 2ND ST in Clearfield, this remodeled duplex was built in 1900 and retains original woodwork, high ceilings, and wood flooring. The first-floor residence includes two bedrooms, 1.5 baths, a walk-in closet, pantry, heated enclosed front porch, private deck, and basement access. The second-floor unit has two bedrooms, an office with built-in cabinetry, a full bath, and a separate deck. The property is offered fully furnished.
The third floor was previously configured as an apartment and requires repairs for possible conversion into an additional unit. The basement contains multiple rooms and was formerly used as a salon; potential business, office, or studio use is subject to approvals. Private off-street parking is included. Restaurants, shopping, businesses, recreation, and local attractions are described as nearby.
The third floor was previously configured as an apartment and requires repairs for possible conversion into an additional unit. The basement contains multiple rooms and was formerly used as a salon; potential business, office, or studio use is subject to approvals. Private off-street parking is included. Restaurants, shopping, businesses, recreation, and local attractions are described as nearby.
Key Highlights
- Two‑unit duplex with two bedrooms in each residence
- Fully furnished property with separate private decks
- First‑floor unit includes 1.5 baths, enclosed heated porch, pantry, and basement access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,900
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$638,000
$638.0K
Cap Rate 7%
$455,714
$455.7K
Cap Rate 9%
$354,444
$354.4K
Market Conditions
NOI Build-Up for 5,186 SF
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.
Gross rent
$62.2K $12.00/SF
− Vacancy
−$4.2K −$0.82/SF
EGI
$58.0K $11.18/SF
− OpEx
−$26.1K −$5.03/SF
NOI
$31.9K $6.15/SF
Area
Clearfield County, PA
Vacancy
6.80%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$638,000
Cap Rate 7%
$455,714
Cap Rate 9%
$354,444
Alternative Uses
Best Use
Multifamily LT 5
$489.3K
$428.1K – $570.9K
NOI $34,251 @ 7.0% cap · market cap 9.79%
Second Best
Apartment 5plus
$455.7K
$398.8K – $531.7K
NOI $31,900 @ 7.0% cap · market cap 9.11%
Theoretical Best
Office A
$1.14M
$1.00M – $1.33M
NOI $80,055 @ 7.0% cap · market cap 22.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
788
Businesses Nearby
Explore this area
Business Placement
Demographics for 16830, PA
13,121
Population
6,841
Households
1.9
Avg Household Size
46
Median Age
19%
College-Educated
91%
High-School Grad
132.0 sq mi
ZIP Area
99
Density / Sq Mi
$56,822
Median Household Income
$36,601
Median Earnings
$745
Median Rent
$119,900
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?
Duplex - Two residential units include private outdoor areas, original character, and separate interior layouts.
Where is this duplex located?
The property is located at 210 N 2ND ST Clearfield, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit duplex with two bedrooms in each residence; Fully furnished property with separate private decks; First‑floor unit includes 1.5 baths, enclosed heated porch, pantry, and basement access
