990 E Main St Clarion, PA 16214
Estimated payment $20,498/month
About This Home
Discover an exceptional investment opportunity at 990 E Main St, Clarion, PA. This expansive property features two buildings with a total of 70 apartment units and 92 parking spaces, making it an ideal income-generating asset in a desirable location. Consistently high occupancy, ensuring a steady stream of rental income. The property offers a versatile mix of 13 studio apartments rented at $625 per month, 26 one-bedroom apartments at $725 per month, and 31 two-bedroom apartments at $825 per month, catering to a broad range of tenants. Located in the heart of Clarion, this property is strategically positioned to attract a steady flow of tenants. Whether you're an experienced investor or looking to expand your portfolio, 990 E Main St offers reliable returns and potential for growth. Don't miss your chance to acquire a premier asset in a thriving rental market!
Listing Agent
Burford & Henry Real Estate Services Brokerage Phone: 8142277355 License #RS343018 Listed on: 09/12/2024
Co-Listing Agent
Burford & Henry Real Estate Services Brokerage Phone: 8142277355 License #RM 419372
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $23,086
Year Built
- Built in 1963
Lot Details
- 1.94 Acre Lot
Parking
- 92 Parking Spaces
Home Design
- Brick Exterior Construction
Interior Spaces
- 44,310 Sq Ft Home
- 3-Story Property
- Finished Basement
- Partial Basement
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Utilities
- No Cooling
- Hot Water Heating System
- Natural Gas Connected
- Gas Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 05-030-023-000-00
Community Details
Overview
- 70 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $3,000
- Insurance Expense $1,000
- Water Sewer Expense $3,500
- Operating Expense $9,000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $24,143 | $211,350 | $14,550 | $196,800 |
| 2024 | $23,086 | $211,350 | $14,550 | $196,800 |
| 2023 | $23,086 | $211,350 | $14,550 | $196,800 |
| 2022 | $23,086 | $211,350 | $14,550 | $196,800 |
| 2021 | $22,489 | $204,945 | $14,550 | $190,395 |
| 2020 | $22,489 | $204,945 | $14,550 | $190,395 |
| 2019 | $22,489 | $204,945 | $14,550 | $190,395 |
| 2018 | $22,489 | $204,945 | $14,550 | $190,395 |
| 2017 | $22,449 | $203,960 | $14,550 | $189,410 |
| 2016 | $21,626 | $203,960 | $14,550 | $189,410 |
| 2014 | -- | $203,960 | $14,550 | $189,410 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/04/2025 12/04/25 | Price Changed | $3,500,000 | -7.9% | $79 / Sq Ft |
| 12/09/2024 12/09/24 | Price Changed | $3,800,000 | -5.0% | $86 / Sq Ft |
| 09/12/2024 09/12/24 | For Sale | $4,000,000 | -- | $90 / Sq Ft |
Source: Allegheny Valley Board of REALTORS®
MLS Number: 160757
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