Homes for sale - 500 & 506 W COLLEGE AVE, State College, PA 16801

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Kristi Shawley & Heather Rossi

precisiononerealty@gmail.com +1(267) 992-0135

Listed by Paul Confer • Kissinger, Bigatel & Brower

$ 4,150,000

Est. payment | -/mo

12,616 SqFt

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$ 4,150,000

Est. payment | -/mo

Save

12,616 SqFt

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 12,616 sqft

Price per Sqft $328

Subdivision State College Boro

MLS Listing ID PACE2516026

Year Built 1907

Annual Tax Amount $18,591

Tax Year 2025

Lot Size 0.330 Acres

Acres 0.33

Lot Dimensions 0.00 x 0.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

If location matters and income matters, this listing is for you! Three brick buildings on three adjoining parcels offer 15 rental units in walking distance to PSU campus. Rarely do these opportunities go public. Each building has 5 units with a total of 32 bedrooms and 15 baths. Parking lot in rear of building. Always rented with rare vacancies. Buildings are in good condition with diversity of floor plans in each unit. Strong income and Net Operating Income. Contact listing agent for NDA, APOD and NOI. 48-72 hrs. advance notice needed for all showings. Third Building Address: 110 S Barnard Street.

Location

State PA

County Centre

Area State College Boro (16436)

Zoning R3H

Interior

Hot Water Electric, Natural Gas

Heating Steam

Cooling None

Flooring Hardwood, Vinyl

Inclusions 15 used refrigerators and ranges

Heat Source Natural Gas

Exterior

Water Access N

Roof Type Shingle

Street Surface Paved

Accessibility None

Road Frontage Boro/Township

Garage N

Building

Sewer Public Septic

Water Public

New Construction N

Schools

School District State College Area

Others

Tax ID 36-011-,111-,0000-

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Bank Portfolio, Cash, Conventional

Listing Terms Bank Portfolio, Cash, Conventional

Financing Bank Portfolio,Cash,Conventional

Special Listing Condition Standard

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Kristi Shawley & Heather Rossi

REALTOR® | Lic# RS290887 | NJ: 2336752

precisiononerealty@gmail.com

+1(267) 992-0135

630 Freedom Business Ctr Dr Ste 300, King Of Prussia, PA, 19406, USA

500 & 506 W COLLEGE AVE State College, PA 16801

Kristi Shawley & Heather Rossi

Key Details

Location

Interior

Exterior

Building

Schools

Others

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500 & 506 W COLLEGE AVE