Duplex with A-Frame Main Home and Garage
For Sale
$449,000
159 LOWER GRANDVIEW Road, State College, PA 16801
MULTI_FAMILY - Other - STATE COLLEGE, PA
Property Size2,414 SF
Lot Size0.71 Acres
Price / SF$185
Days on Market46
Property Features for 159 LOWER GRANDVIEW Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking
12
Parking features
Garage - Detached, Driveway
High school
STATE COLLEGE AREA
Elementary school district
STATE COLLEGE AREA
Middle school district
STATE COLLEGE AREA
High school district
STATE COLLEGE AREA
Standard status
Active
Size
2,414 SF
Lot size
0.71 Acres
Taxes and HOA fees
Tax Annual Amount
4388
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Central Air
Amenities
deck
washer/dryer
Building Details
Year built
1969
Number of units
2
Building materials
Vinyl Siding
Architectural style
Other
Listing Agency:
RE/MAX Centre Realty · RE/MAX International
(814) 231-8200
Listed By:
Charles Dawson · License #AB068663
(814) 231-8200
Added: Jun 16
Changed: Jul 31
Last Checked: Jul 31 at 7:06PM
MLS# PACE2519386
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex property includes an A-frame main home and a separate one-bedroom apartment above a detached two-car garage. The main home offers vaulted ceilings, large windows, and abundant natural light, with an addition providing two spacious bedrooms and a bathroom with a step-in shower stall. Above the addition is a large 35' x 16' unfinished storage room that can support additional storage or future finishing. The seller recently had the crawl space professionally insulated and encapsulated. Outside, enjoy a large deck, a private yard, and mature trees.
The apartment features an open kitchen and living area, a large bathroom, a walk-in closet, and in-unit washer and dryer. A private deck provides views. The apartment also has an active rental permit.
Additional amenities include central air, heat pump heating, electric heating, driveway parking, and vinyl siding. The property was built in 1969.
The apartment features an open kitchen and living area, a large bathroom, a walk-in closet, and in-unit washer and dryer. A private deck provides views. The apartment also has an active rental permit.
Additional amenities include central air, heat pump heating, electric heating, driveway parking, and vinyl siding. The property was built in 1969.
Key Highlights
- A‑frame main home plus one‑bedroom apartment above a detached two‑car garage
- Unfinished 35' x 16' storage room above the addition
- Crawl space professionally insulated and encapsulated
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.7k | $13.56 |
| − Vacancy | −$2.1k | −$0.88 |
| EGI | $30.6k | $12.68 |
| − OpEx | −$9.2k | −$3.80 |
| NOI | $21.4k | $8.88 |
2,414 SF · lease $13.56/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$306.1K
$267.8K – $357.1K
NOI $21,424 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$274.4K
$240.1K – $320.2K
NOI $19,211 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$533.1K
$466.5K – $622.0K
NOI $37,320 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
321
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
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex home on 0.71 acres featuring an A-frame main house plus a one-bedroom apartment above a detached two-car garage.
Where is this duplex located?
The property is located at 159 LOWER GRANDVIEW Road State College, PA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: A‑frame main home plus one‑bedroom apartment above a detached two‑car garage; Unfinished 35' x 16' storage room above the addition; Crawl space professionally insulated and encapsulated
