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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.
| DAYS ON MARKET | 0 | LAST UPDATED | 7/17/2026 |
|---|---|---|---|
| TRACT | STATE COLLEGE BORO | YEAR BUILT | 1940 |
| COMMUNITY | State College Boro (16436) | COUNTY | CENTRE |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | STATE COLLEGE AREA |
|---|
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Electric Water Heater |
| AREA | State College Boro (16436) |
| CONSTRUCTION | Aluminum Siding |
| HEAT | Baseboard, Electric, Forced Air, Natural Gas |
| LOT | 8276 sq ft |
| LOT DIMENSIONS | 0.00 x 0.00 |
| PARKING | Paved, Driveway |
| SEWER | Public Sewer |
| SUBDIVISION | STATE COLLEGE BORO |
| TAXES | 6430 |
| UTILITIES | Cable Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
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