Residential Income Property with Private
425 WINDMERE DR #4A, State College, PA 16801
For Sale
$989,000
Condominium residence with expansive terraces, panoramic views, and extensive shared amenities.
Property Size3,532 SF
Price / SF$280.01
Days on Market99
Property Features for 425 WINDMERE DR #4A
General Information
Standard status
Size
Total Parking Spaces
Elevators
Property subtype
Units
Multifamily Units
Parking per Unit
Taxes and HOA fees
Annual Taxes
Amenities
guest suite
guest apartment with full kitchen
fitness room
heated swimming pool
private storage area
wine cellar
on-site building manager
secure entry system
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Advantage Realty
Listed By:
Jo Ann Smith · License PA RS328934
(814) 880-6754
Source:
Nelsonrealtypa
Added: Aug 3
Changed: Nov 4
Last Checked: Nov 8 at 1:33PM
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 Keller Williams Advantage Realty
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Investment Insights
Based on property information with market context.
This residential income property is a condominium residence in a ten-home complex, offering more than 3,532 square feet of living space. The layout includes two bedrooms, two full baths, a formal dining room, family room, office/library, kitchen with breakfast nook, laundry/utility room, gallery foyer, and an all-glass sunroom. A private elevator opens directly into the residence, while expansive windows and multiple terraces frame broad views of the surrounding mountains and State College area.
Shared facilities include a guest suite, guest apartment with full kitchen, fitness room, heated 20' x 40' in-ground swimming pool, wine cellar, private storage area, two below-grade parking spaces, secure entry system, and an on-site building manager. Built in 1989, the property is near shopping, dining, and walking and biking paths.
Shared facilities include a guest suite, guest apartment with full kitchen, fitness room, heated 20' x 40' in-ground swimming pool, wine cellar, private storage area, two below-grade parking spaces, secure entry system, and an on-site building manager. Built in 1989, the property is near shopping, dining, and walking and biking paths.
Key Highlights
- More than 3,532 square feet in a ten‑residence condominium complex
- Private elevator opens directly into the residence
- All‑glass sunroom plus multiple terraces with panoramic mountain‑area views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,108
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,160
$562.2K
Cap Rate 7%
$401,543
$401.5K
Cap Rate 9%
$312,311
$312.3K
Market Conditions
NOI Build-Up for 3,532 SF
Gross rent
$54.3K $15.36/SF
− Vacancy
−$3.1K −$0.89/SF
EGI
$51.1K $14.47/SF
− OpEx
−$23.0K −$6.51/SF
NOI
$28.1K $7.96/SF
Area
Centre County, PA
Vacancy
5.80%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$562,160
Cap Rate 7%
$401,543
Cap Rate 9%
$312,311
Alternative Uses
Best Use
Apartment 5plus
$401.5K
$351.4K – $468.5K
NOI $28,108 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$780.1K
$682.6K – $910.1K
NOI $54,604 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
740
Businesses Nearby
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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
$400,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Centre County, PA
Properties on Market for Residential income properties in Centre County
Frequently Asked Questions
What type of property is this?
Residential income property - Condominium residence with expansive terraces, panoramic views, and extensive shared amenities.
Where is this residential income property located?
The property is located at 425 WINDMERE DR #4A State College, PA.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: More than 3,532 square feet in a ten‑residence condominium complex; Private elevator opens directly into the residence; All‑glass sunroom plus multiple terraces with panoramic mountain‑area views
