19-Unit Multifamily with
512 E College Ave State College, PA 16801
512 E College Ave, State College, PA, 16801
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For Sale
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Stabilized 19-unit wood-framed building with a 600 SF attached retail space and onsite laundry.
Days on Market103
Property Features for 512 E College Ave
General Information
- Standard status
- Active
- Property subtype
- Multifamily, Office, Mixed Use
Listing agency
Coldwell Banker
Listed by
Roy Watkins · License #RS314192
Source
Crexi
Added: Apr 11 Updated: Jul 22 at 5:59PM Checked: Jul 22 at 5:59PM
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
Location Intelligence
Current Use by Public Records
LIONSDELIVER Smoke Shop
(Bike/Boat/Book/etc) Store
RWIV Construction
Consultant
Similar For Sale Nearby
FAQs
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
