Four-Unit Residential Income
2990 Buffalo Run Road Bellefonte, PA 16823
2990 Buffalo Run Road, Bellefonte, PA, 16823
$850,000
For Sale
$850,000
Fully rented quadplex on a large lot with paved parking and in-building coin-operated laundry.
Property Size4,356 SF
Lot Size4.00 Acres
Price / SF$195.13
Days on Market158
Property Features for 2990 Buffalo Run Road
General Information
- Standard status
- Active
- Size
- 4,356 SF
- Lot size
- 4.00 Acres
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1970
Listing agency
Kissinger & Associates LLC
(814) 206-8065
Listed by
Matt Cover · License #RS304938
(814) 206-8065
Source
Compass
Added: Feb 15 Updated: Jul 22 at 3:33PM Checked: Jul 22 at 3:33PM
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 Kissinger & Associates LLC
Investment Insights
Based on property information with market context.
This four-unit residential income property is in good condition and is offered fully rented. Each unit includes approximately 1,100 square feet with two bedrooms, two bathrooms, and an oversized living/dining area with natural light. Units also feature a dedicated kitchen with cabinet storage and space for a small eat-in table, plus a separate door to a front porch. Additional conveniences include basement coin-operated washer and dryer access and private storage areas, and each unit has a primary bedroom with an attached half bath.
The property is located in the State College Area School District in Centre County. It sits on an expansive 4-acre lot with paved parking, providing practical outdoor and parking space for residents.
The building’s layout supports comfortable, well-separated living spaces within each unit, while the basement laundry and private storage add day-to-day functionality for tenants.
The property is located in the State College Area School District in Centre County. It sits on an expansive 4-acre lot with paved parking, providing practical outdoor and parking space for residents.
The building’s layout supports comfortable, well-separated living spaces within each unit, while the basement laundry and private storage add day-to-day functionality for tenants.
Key Highlights
- Fully rented four‑unit quadplex in good condition
- Each unit offers approximately 1,100 SF with 2 bedrooms, 2 bathrooms (primary half bath + full hall bath), and an oversized living/dining area
- Tenants have access to in‑building basement coin‑operated washer and dryer plus private storage areas
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 | $59.1k | $13.56 |
| − Vacancy | −$3.8k | −$0.88 |
| EGI | $55.2k | $12.68 |
| − OpEx | −$16.6k | −$3.80 |
| NOI | $38.7k | $8.88 |
4,356 SF · lease $13.56/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$552.3K
$483.3K – $644.3K
NOI $38,660 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$495.2K
$433.3K – $577.8K
NOI $34,665 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$962.0K
$841.8K – $1.12M
NOI $67,343 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fully rented quadplex on a large lot with paved parking and in-building coin-operated laundry.
Where is this quadplex located?
The property is located at 2990 Buffalo Run Road Bellefonte, PA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Fully rented four‑unit quadplex in good condition; Each unit offers approximately 1,100 SF with 2 bedrooms, 2 bathrooms (primary half bath + full hall bath), and an oversized living/dining area; Tenants have access to in‑building basement coin‑operated washer and dryer plus private storage areas
