Within close proximity to Penn State University and the North Atherton Street retail corridor, this duplex presents a prime investment opportunity for student or professional housing, as well as short- or long-term rentals. Each unit offers two bedrooms, one bathroom, and a full unfinished basement with a walk-up stairway. Unit 325 is ready for a fresh update, while Unit 327 is move-in ready with an updated kitchen and bathroom, along with modern luxury vinyl plank flooring. The private rear yard provides a great space for entertaining or relaxation. Both units have current rental permits and are part of the Strouse Avenue Condominium, allowing for separate sales (MLS # PACE2512272 and PACE2513186). The Listing Agent has a financial interest in the property. Condominium documents have been recorded.
Well maintained Student permitted Triplex (120, 122A & 122B) located 1 mile to Campus with 5 bedrooms and 3 full baths. Each tenant gets their own bedroom. Unit 120 currently has 1 tenant. The flooring has been upgraded in each unit. Each unit has 2 separate entrances. The fenced-in backyard adds privacy and space for tenants to unwind and play basketball or cornhole. There is room outside the fence for 6 cars. All units are rented until July 31, 2025. There is a shared washer and dryer in the unfinished basement. Each unit has its own electric meter and water heater. Tenants pay for Electricity, water/sewer, trash, internet, snow removal, and lawn care. 24 hr notice for all showings. 122B is rented from 8/1/2025 - 7/31/2026 for $1900/mo.
The median home value in State College, PA is $401,500. This is higher than the county median home value of $293,600. The national median home value is $338,100. The average price of homes sold in State College, PA is $401,500. Approximately 24.82% of State College homes are owned, compared to 61.48% rented, while 13.71% are vacant. State College real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a State College real estate agent to arrange a tour today!
State College, Pennsylvania has a population of 40,352. State College is more family-centric than the surrounding county with 31.73% of the households containing married families with children. The county average for households married with children is 30.96%.
The median household income in State College, Pennsylvania is $43,015. The median household income for the surrounding county is $64,995 compared to the national median of $69,021. The median age of people living in State College is 21.5 years.
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 17 degrees. The average rainfall is approximately 41.2 inches per year, with 44.5 inches of snow per year.