$3,500,000
UNDER CONTRACT $500K PRICE DROP

990 E Main St Clarion, PA 16214

Estimated payment $20,792/month

Total Views 42,281
4 Beds
3 Baths
44,310 Sq Ft
$79 Price per Sq Ft

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

Alison Heffner

Burford & Henry Real Estate Services Brokerage Phone: 8142277355 License #RS343018 Listed on: 09/12/2024

Co-Listing Agent

William Henry

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,086

Year Built

Built in 1963

Lot Details

1.94 Acres

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 1.94
  • Co List Office Mls Id: 32
  • Co List Office Phone: 814-227-7355
  • Directions: From Clarion County Courthouse, Head East on Main St. Property is on the right.
  • Building Stories: 3
  • Year Built: 1963
  • Attribution Contact: 8142277355
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Appliances: Gas Water Heater, Unit 1 Stove, Unit 2 Stove, Unit 3 Stove, Unit 1 Refrigerator, Unit 2 Refrigerator, Unit 3 Refrigerator
  • Has Basement: Finished, Partial
  • Basement YN: Yes
  • Total Bedrooms: 4

Exterior Features

  • Construction Type: Block, Brick
  • Roof: Other

Garage/Parking

  • Total Parking Spaces: 92

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Cable Available
  • Water Source: Public

Fee Information

  • Annual Water Sewer Expense: 3500

Schools

  • Junior High Dist: Clarion

Lot Info

  • Lot Size Sq Ft: 84506.4
  • Zoning: C-2

Multi Family

  • Number Of Units Total: 70
  • Electric Expense: 3000
  • Insurance Expense: 1000
  • Annual Operating Expense: 9000
  • Total Actual Rent: 2175
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Tax Info

  • Tax Annual Amount: 23086
  • Tax Map Number: 05-030-023-000-00
  • Tax Year: 2024

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $23,825 $1,713,100 $26,800 $1,686,300
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
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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®

Source: Allegheny Valley Board of REALTORS®

MLS Number: 160757

Pennsylvania Clarion County Clarion 16214

990 E Main St, Clarion, PA

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Burford & Henry Real Estate Services
(814) 458-1766
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