Three-Bedroom Townhome Rental
For Sale
Contact for pricing
Pending
1335 Dreibelbis St, State College, PA 16801
Built in 2013 with 145 furnished three-bedroom townhomes and a shared clubhouse plus outdoor pool amenities.
Property SizeContact for details
Days on Market139
Property Features for 1335 Dreibelbis St
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
CBRE - Pittsburgh
(724) 986-5600
Listed By:
Laura Lawrence · License #WV 0029418
Source:
Crexi
Added: Apr 11
Changed: Aug 17
Last Checked: Aug 26 at 1:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Pittsburgh
Investment Insights
Based on property information with market context.
Built in 2013, The Villas at Happy Valley is a residential income property comprised of 145 furnished three-bedroom, three-and-one-half-bath townhomes, totaling 435 beds. The 29 buildings share access to a central clubhouse with study spaces, a game room, café, and fitness center. Outdoor amenities include a swimming pool, sand volleyball court, multiple grilling areas, and on-site bus shelters for the CATA (Central Area Transportation Authority) system.
Located at 1335 Dreibelbis St in State College, the community is described as approximately three miles from Pennsylvania State University’s campus.
The property is reported at 100.0% occupancy and notes a 12.79% rental income increase over the 2021–2022 school year.
Located at 1335 Dreibelbis St in State College, the community is described as approximately three miles from Pennsylvania State University’s campus.
The property is reported at 100.0% occupancy and notes a 12.79% rental income increase over the 2021–2022 school year.
Key Highlights
- Built in 2013: 145 furnished 3‑bedroom townhomes in The Villas at Happy Valley
- Total of 435 beds, with the property about 3 miles from the heart of Pennsylvania State University campus
- 29 buildings with shared access to a central clubhouse offering study spaces, a game room, cafe, and fitness center
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Explore this area
Business Placement
Demographics for 16801, PA
42,446
Population
19,242
Households
2.2
Avg Household Size
28
Median Age
67%
College-Educated
98%
High-School Grad
31.1 sq mi
ZIP Area
1,365
Density / Sq Mi
$62,821
Median Household Income
$27,598
Median Earnings
$1,221
Median Rent
$400,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 2013 with 145 furnished three-bedroom townhomes and a shared clubhouse plus outdoor pool amenities.
Where is this apartment building located?
The property is located at 1335 Dreibelbis St State College, PA.
What are key features of this property?
This property features: Built in 2013: 145 furnished 3‑bedroom townhomes in The Villas at Happy Valley; Total of 435 beds, with the property about 3 miles from the heart of Pennsylvania State University campus; 29 buildings with shared access to a central clubhouse offering study spaces, a game room, cafe, and fitness center
