19-Unit Multifamily with
For Sale
Contact for pricing
512 E College Ave, State College, PA 16801
Stabilized 19-unit wood-framed building with a 600 SF attached retail space and onsite laundry.
Property SizeContact for details
Days on Market142
Property Features for 512 E College Ave
General Information
Standard status
Active
Property subtype
Multifamily, Office, Mixed Use
Additional Details
Multifamily Units
19
Building Details
Year Built
1983
Listing Agency:
Coldwell Banker
Listed By:
Roy Watkins · License #RS314192
Source:
Crexi
Added: Apr 11
Changed: Aug 14
Last Checked: Aug 14 at 7:57AM
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 Coldwell Banker
Investment Insights
Based on property information with market context.
512 E. College Avenue is a stabilized 19-unit multifamily property built in 1983 and recently renovated. The unit mix includes one one-bedroom apartment, nine studio apartments, and an eight-bedroom two-story unit with two full baths and two full kitchens. The building is wood framed with newer energy efficient windows, electric baseboard heaters, and an asphalt shingle roof. Onsite laundry is owner operated, and the property also includes a fire alarm system, emergency lighting, and exit signs.
An attached one-story retail space of approximately 600 square feet is located at the front of the building and is currently occupied by a Vape Shop with 2.5 years remaining in the lease.
The property sits in the heart of the State College commercial district directly across from the University Gateway. Walk and bike scores are reported as 77 and 72, respectively.
An attached one-story retail space of approximately 600 square feet is located at the front of the building and is currently occupied by a Vape Shop with 2.5 years remaining in the lease.
The property sits in the heart of the State College commercial district directly across from the University Gateway. Walk and bike scores are reported as 77 and 72, respectively.
Key Highlights
- 19‑unit stabilized property built in 1983, wood‑framed with newer energy‑efficient windows and an asphalt shingle roof
- Unit mix includes 1 one‑bedroom, 9 studio apartments, and 8‑bedroom 2‑story unit with 2 full baths and 2 full kitchens
- 600 SF attached one‑story retail space with current tenant (Vape Shop) and 2.5 years remaining on the lease
Property Analytics
Property Profile
Current Use
Lease Details
19
Residential units
Location Intelligence
Trade Area within ½ mile
1,880
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Stabilized 19-unit wood-framed building with a 600 SF attached retail space and onsite laundry.
Where is this apartment building located?
The property is located at 512 E College Ave State College, PA.
What are key features of this property?
This property features: 19‑unit stabilized property built in 1983, wood‑framed with newer energy‑efficient windows and an asphalt shingle roof; Unit mix includes 1 one‑bedroom, 9 studio apartments, and 8‑bedroom 2‑story unit with 2 full baths and 2 full kitchens; 600 SF attached one‑story retail space with current tenant (Vape Shop) and 2.5 years remaining on the lease
