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

990 E Main St Clarion, PA 16214

Estimated payment $20,480/month

Total Views 42,099
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

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

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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Listing Agent
Alison Heffner
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Burford & Henry Real Estate Services
(814) 458-1766
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