State College Boro Real Estate

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.

820 S Pugh St, State College

Listing courtesy of Kissinger, Bigatel & Brower. Contact: (814) 234-4000

$1,350,000

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.

820 S Pugh St, State College

Listing courtesy of Kissinger, Bigatel & Brower. Contact: (814) 234-4000

$400,000

3 Beds ⋅ 2 Baths

What a great location! Just off University Drive, this Nimitz Avenue offering is ideal for Investors, or Buyers looking for that ideally located PSU/State College second residence. This lovely one floor living ranch makes living easy. The flat property with large back yard is an added bonus. The home is well laid out and features a main living space that combines the living room, dining room (with a walk out to the back yard) and bonus study (with fireplace!). The large kitchen also has walk out access. Three spacious bedrooms including an Owner's suite completes the layout. Classic oak flooring and a large unfinished, and very dry, basement rounds out this nice opportunity. The property is currently tenant occupied through the 2027 renting cycle, making this a nice investment portfolio addition or allowing for a Buyer to generate rental income for a year and move in Summer 2027.

509 Nimitz Ave, State College

Listing courtesy of Continental Real Estate Management. Contact: 8142381598

$1,350,000

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.

820 S Pugh St, State College

Listing courtesy of Kissinger, Bigatel & Brower. Contact: (814) 234-4000

$409,000

4 Beds ⋅ 2 Baths

Searching for a well maintained, move-in-ready home in the State College Borough? This cozy, updated 1955 Cape Cod would make the perfect primary residence, second home or investment property. Current rental permit allows for 3 unrelated tenants. The home features lots of natural light and a great floorplan with 2 nicely sized Bedrooms and 1 full Bathroom on both levels. Upon entering, you will find a very spacious Living Room with a large picture window. The adjoining Kitchen features an eat-in area, all appliances, pantry closet, cherry cabinets and door to the backyard for easy grilling! Recent improvements include the addition of central A/C, programable thermostat, new Kitchen flooring, a 2nd floor full Bathroom addition, new basement stairs, added basement insulation, painting and newer windows. The 1st floor full Bathroom was gutted and remodeled as well! Other highlights include a front entry (17x 6) porch area, Luxury Vinyl Plank flooring in the Kitchen and Bathrooms, Hardwood flooring throughout the rest of the house, and vinyl easy-to-clean windows. The unfinished lower level provides ample storage, the laundry area with a utility sink, workshop space, and room to grow! Two vehicles can park on the paved front driveway to the left of the house. The level backyard has a 17 x 12 stone patio area, a shed, and extra parking off of Marigold Alley. Schedule your showing today!

130 Logan Ave, State College

Listing courtesy of Kissinger, Bigatel & Brower. Contact: (814) 234-4000

$465,000

4 Beds ⋅ 3 Baths

Tucked along a quiet street in the former Manor Hills neighborhood of State College Borough, this freshly painted inviting home blends partial log framing with the warmth and character of a cozy Cape-style retreat. Recent updates include a new roof, new ductless mini-split system and newly installed driveway, providing added value and peace of mind. The property also holds an active rental permit, offering excellent flexibility for both owner-occupants and investors.Its prime location—just steps from Lederer Park and Walnut Springs Park—offers easy access to downtown, shopping, Penn State University, Beaver Stadium, Easterly Parkway Elementary, State College Area High School, Welch Pool, and more. Start your day with a peaceful moment on the front porch swing, or relax on the rear deck just off the first-floor bedroom, where you can take in the calming sounds of nature. Upstairs, you'll find three additional bedrooms and a shared full bath, while the partially finished basement adds flexibility with a separate room featuring a walk-out slider to the yard, along with an additional full bath. The generous side yard, once used for gardening, enjoys abundant sunlight, and the remaining outdoor space offers a blank canvas ready for your personal touch.

146 Legion Ln, State College

Listing courtesy of RE/MAX Centre Realty. Contact: 8142318200

$5,300,000

Southside Commons is an updated townhouse community comprised of 25 units – All 2- or 3-bedroom units. If you are looking to invest in off-campus housing just outside of PSU’s main campus but still close enough to all of the shopping and recreation, look NO further! Southside Commons is nestled in a quiet neighborhood of State College, providing a peaceful experience for students, graduates, and professionals who want to live a little outside downtown and have furnished or unfurnished rental options. All Southside Commons townhomes are located directly on the CATA bus route, close to the YMCA of State College, Westerly Parkway Plaza, Orchard Park, and are an easy commute to downtown and PSU main campus. The community features green space and 35 parking spaces. Please request an NDA from the listing agent for financial details and more information.

610-676 Southgate Dr, State College

Listing courtesy of Kissinger, Bigatel & Brower. Contact: (814) 234-4000

$2,585,000

8 Beds ⋅ 9 Baths

In the heart of downtown State College, this remarkable 1922 stone home—designed by noted architect A. Lawrence Kocher—offers 6,820 finished square feet of timeless elegance and modern functionality across four levels of the main house plus a fully renovated carriage house. Set on a spacious .40-acre lot, the main home features 5,406 sq ft above grade and 1,414 sq ft of beautifully finished lower-level space. Additional information available on current rental permits and income as well potential ability to increase in occupancy for full B&B operation. A classic Georgian Four Square layout with a large entry foyer opening to all main rooms allowing for unparalleled entertaining. Thoughtful original details throughout the home include crown molding, real wood floors, French doors to most rooms on first floor, stairway railing and windows. Care has been taken by current owners to bring the home into a new modern era without eliminating the character and visual appeal of this period masterpiece. Walk into the heated vestibule complete with coat closet with a window and custom door. Mail is delivered right into your mailbox that opens directly inside. Continue through the French door into the main foyer. You can see every room from this vantage point. The fabulous kitchen was painstakingly designed to hide all your necessities yet leave them in easy reach. The quartzite countertop wraps around for ample workspace. Notice how the countertops were designed on a full flat level rather than lowering in front of the windows. A 5-burner gas cooktop with custom hood and backsplash. Built in dual ovens with convection and microwave. Built in Bosch coffee station. Open living room, dining room and small office/nook complete the main floor. A beautiful living room gas fireplace is visible from the hallway. All the wood floors on this level have been recently refinished and the walls and trim painted. Off to the far right there is an enclosed side porch with a fireplace that opens to the yard. Lined with windows it a bright sunny retreat. French doors to the living and dining area are original. The staircase to the second floor features a large window that views mountains. A large landing foyer that opens to all rooms. 4 bedrooms, each with their own bath. The primary has a fireplace that is not in use. A walk-in closet can be entered from the bedroom and bathroom. Large bath has radiant heat floor, jetted tub, stall shower, double vanity, Toto toilet and heated towel rack. Connects to a bedroom that can be closed off or used as additional closet space. Two additional bedrooms have captive full baths, one recently remodeled. The third floor has two cozy bedrooms with nooks and crannies and captive full bathrooms. A cedar closet is located here also. The backyard is an oasis with several stone patios for small intimate gatherings or large-scale entertaining. A pond with running stream and fish sends soothing sound through the yard. This is a favorite feature of the current owners. There is an invisible fence for your pets too. The main house exterior is all stone with a slate roof. Parking is ample with capacity for 13 cars on the property. There is also street parking nearby. This is the only property in the Borough of State College zoned as a Bed and Breakfast. Current rental permits for Main house and Carriage House. This one-of-a-kind property offers unmatched walkability to Penn State University, downtown shopping, restaurants, and nightlife—all while providing an expansive, private retreat in the center of it all. Bedroom & Full Bathroom listed on Main Floor in Room Count fields represents the Carriage House bedroom and bathroom. More details available to agents in documents tab. Password for 3D tours is limestone all lower case.

234 W Fairmount Ave, State College

Listing courtesy of Kissinger, Bigatel & Brower. Contact: (814) 234-4000

$469,000

3 Beds ⋅ 2 Baths

Nicely updated mid-century modern home in a desirable State College borough neighborhood. Inside you will find vaulted ceilings, a wall of windows, and bright, open living spaces with natural light. Improvements include refinished oak flooring, fresh kitchen cabinets with some newer appliances, butcher block countertops, newer roof on home and garage and updated bathroom flooring. Two fireplaces, perfect for colder evenings. The multiple decks provide ideal spots for morning coffee. Enjoy a finished lower level for additional living space with kitchen, family room and laundry. This unique home is for those seeking flexible living options. Other highlights include an oversized garage and close proximity to schools, parks, shopping, and downtown amenities. A wonderful opportunity.

327 Fry Dr, State College

Listing courtesy of Kissinger, Bigatel & Brower. Contact: (814) 234-4000

$625,000

4 Beds ⋅ 3 Baths

Iconic, historic charm of mature tree lined Irvin Ave within the Highlands neighborhood of the State College Borough, 416 E Irvin encapsulates mid-century charm and modern amenities. Built in 1956, this single-story ranch features - hardwood floors, a first-floor primary bedroom, a spacious eat-in kitchen and a permitted one-bedroom apartment with income potential. Celebrating the hallmark of mid-century modern design, floor to ceiling windows in the main living room and dining room invite the outside in, a sandstone trimmed fireplace, built in shelves and newer bespoke light fixtures give a nod to this time period. A sprawling kitchen with abundant storage is framed in shaker style solid oak cabinetry with tile backsplash and floors. Professionally renovated bathrooms (2019) are a spa-like retreat featuring elongated picket tile walls and retro inspired tile floors still maintaining the charm of the original era. Custom vanity and globe pendant light in the main bathroom create a warm and designed forward space. Additional living area in the lower-level features large windows, built-ins, closets, another sandstone fireplace and knotty pine paneling embracing the timeless character of this flexible living space. A fully equipped laundry room with washer and dryer with walkout access to the outside and an additional fully renovated bathroom with tile shower complete the lower level of the main house. The separately metered lower-level apartment with separate entrance consists of a living room, one-bedroom, full kitchen, bathroom and washer and dryer, currently rented for $850/month, providing a fantastic opportunity for supplemental income or an in-law suite. Step outside to a tree lined backyard oasis complete with expansive wood deck, ideal for grilling, dining and gathering with friends. The generous lot features plenty of green space, a playlet and a large driveway with ample parking - a rare find this close to campus. Just blocks from Penn State University, this stylish home (with new roof, gutters and exterior design features, 2019) offers the perfect blend of convenience to campus and residential tranquility. Whether you’re heading to a game at Beaver Stadium, enjoying the Central PA Festival of the Arts or grabbing a coffee downtown, everything is just minutes from your front door. Some of these photos are virtually staged.

416 E Irvin Ave, State College

Listing courtesy of Kissinger, Bigatel & Brower. Contact: (814) 234-4000

State College Boro Real Estate

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