Triplex with Newer
1950-1958 Weaver Street State College, PA 16803
1950-1958 Weaver Street, State College, PA, 16803
$520,000
Pending
For Sale
$520,000
Pending
Fully rented triplex with separate electric meters, radon mitigation system, and multiple updated units.
Property Size3,120 SF
Days on Market117
Property Features for 1950-1958 Weaver Street
General Information
- Standard status
- Pending
- Size
- 3,120 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1978
Listing agency
RE/MAX Centre Realty
(814) 280-2424
Listed by
Ryan S Lowe · License #AB066402
(814) 280-2424
Source
Compass
Added: Mar 29 Updated: Jul 22 at 10:37PM Checked: Jul 22 at 10:37PM
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 RE/MAX Centre Realty
Investment Insights
Based on property information with market context.
This well-maintained, fully rented triplex includes three separate units, each with its own electric meter and electric baseboard heat. A radon mitigation system is already in place, and the property features a newer roof installed in 2021. The building also provides 7 off-street parking spaces.
Unit 1950 is an updated 2-bedroom, 1-bath home with new flooring, updated fixtures, a remodeled full bath, and a remodeled kitchen with an included refrigerator, range, dishwasher, and microwave. It includes a partially finished basement and a dedicated laundry room with an included washer and dryer. Unit 1950 rents for $1,500 per month with a lease through 06/30/2026.
Unit 1954 is a spacious updated 3-bedroom, 2-bath unit with new flooring and fixtures, remodeled bathrooms, and a remodeled kitchen with an included refrigerator and range. It has a finished basement and a laundry area with an included washer and dryer, renting for $1,700 per month with a lease through 07/31/2026. Unit 1958 is a 3-bedroom, 1-bath unit with a living room, kitchen with refrigerator and range, a finished basement, and a laundry area with washer and dryer, renting for $1,100 per month with a lease through 06/02/2026.
Tenants pay electric and internet/cable, while the landlord pays water, sewer, and refuse.
Unit 1950 is an updated 2-bedroom, 1-bath home with new flooring, updated fixtures, a remodeled full bath, and a remodeled kitchen with an included refrigerator, range, dishwasher, and microwave. It includes a partially finished basement and a dedicated laundry room with an included washer and dryer. Unit 1950 rents for $1,500 per month with a lease through 06/30/2026.
Unit 1954 is a spacious updated 3-bedroom, 2-bath unit with new flooring and fixtures, remodeled bathrooms, and a remodeled kitchen with an included refrigerator and range. It has a finished basement and a laundry area with an included washer and dryer, renting for $1,700 per month with a lease through 07/31/2026. Unit 1958 is a 3-bedroom, 1-bath unit with a living room, kitchen with refrigerator and range, a finished basement, and a laundry area with washer and dryer, renting for $1,100 per month with a lease through 06/02/2026.
Tenants pay electric and internet/cable, while the landlord pays water, sewer, and refuse.
Key Highlights
- Fully rented 3‑unit triplex built in 1978, with leases through 06/02/2026, 06/30/2026, and 07/31/2026
- 2021 newer roof plus radon mitigation system already in place
- Separate electric meters for each unit; tenants pay electric and internet/cable while landlord pays water, sewer, and refuse
Local 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 | $42.3k | $13.56 |
| − Vacancy | −$2.7k | −$0.88 |
| EGI | $39.6k | $12.68 |
| − OpEx | −$11.9k | −$3.80 |
| NOI | $27.7k | $8.88 |
3,120 SF · lease $13.56/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$395.6K
$346.1K – $461.5K
NOI $27,690 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$354.7K
$310.4K – $413.8K
NOI $24,829 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$689.1K
$602.9K – $803.9K
NOI $48,235 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Fully rented triplex with separate electric meters, radon mitigation system, and multiple updated units.
Where is this triplex located?
The property is located at 1950-1958 Weaver Street State College, PA.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Fully rented 3‑unit triplex built in 1978, with leases through 06/02/2026, 06/30/2026, and 07/31/2026; 2021 newer roof plus radon mitigation system already in place; Separate electric meters for each unit; tenants pay electric and internet/cable while landlord pays water, sewer, and refuse
