REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Bree Kunzel

bree@luxepropertiesdmv.com +1(301) 921-6009

Listed by Ellen Kline • Kissinger, Bigatel & Brower

$ 1,250,000

Est. payment | -/mo

6 Beds

3 Baths

2,813 SqFt

Save

$ 1,250,000

Est. payment | -/mo

Save

6 Beds

3 Baths

2,813 SqFt

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,813 sqft

Price per Sqft $444

Subdivision State College Boro

MLS Listing ID PACE2519916

Style Cape Cod

Bedrooms 6

Full Baths 3

HOA Y/N N

Abv Grd Liv Area 2,351

Year Built 1940

Annual Tax Amount $6,430

Tax Year 2025

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 0.00 x 0.00

Property Sub-Type Detached

Source BRIGHT

Property Description

Turnkey student rental investment steps from Penn State University. R3H-zoned 3-unit home rented under a single lease, currently 5 bedrooms/3 full baths/3 kitchens, presently occupied by 8 with permits on file for up to 13 — offering built-in upside for a new owner. Zero vacancy history; same tenant group (Penn State Snowboard Club) in place 4 years running, with plans to continue occupancy and they expect annual rent increases. Recent updates include remodeled kitchens and bathrooms, new deck, and all-new water heaters. Excellent opportunity for investors seeking a stabilized, income-producing property in a high-demand rental market. Permits, rent roll, and financials available upon request. Cash flow and cap rate details provided to qualified buyers.

Location

State PA

County Centre

Area State College Boro (16436)

Zoning R3H

Rooms

Other Rooms Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Family Room, Foyer, Utility Room, Bedroom 6, Full Bath

Basement Connecting Stairway, Outside Entrance

Main Level Bedrooms 3

Interior

Interior Features Wood Floors

Hot Water Electric

Heating Forced Air

Cooling None

Flooring Ceramic Tile, Hardwood

Inclusions 3 refrigerators, 3 ranges, washer, dryer

Equipment Dryer, Refrigerator, Washer

Fireplace N

Window Features Vinyl Clad

Appliance Dryer, Refrigerator, Washer

Heat Source Natural Gas

Exterior

Exterior Feature Deck(s), Patio(s)

Parking Features Garage - Front Entry

Garage Spaces 10.0

Water Access N

Roof Type Shingle

Street Surface Paved

Accessibility None

Porch Deck(s), Patio(s)

Road Frontage Boro/Township

Attached Garage 1

Total Parking Spaces 10

Garage Y

Private Pool No

Building

Story 1

Foundation Block

Above Ground Finished SqFt 2351

Sewer Public Sewer

Water Public

Architectural Style Cape Cod

Level or Stories 1

Additional Building Above Grade, Below Grade

Structure Type Dry Wall,Plaster Walls

New Construction N

Schools

School District State College Area

Others

Senior Community No

Tax ID 36-018-,194-,0000-

Ownership Fee Simple

SqFt Source 2813

Security Features Smoke Detector

Acceptable Financing Bank Portfolio, Cash

Listing Terms Bank Portfolio, Cash

Financing Bank Portfolio,Cash

Special Listing Condition Standard

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(301) 921-6009

bree@luxepropertiesdmv.com

1588 Kimblewick Rd, Potomac, MD 20854, USA

820 S PUGH ST State College, PA 16801