Leased Two-Bedroom Income
For Sale
$400,000
616 E COLLEGE AVENUE Unit 305, State College, PA 16801
Downtown condo across from campus with updated finishes, furniture, and an active rental permit.
Property Size975 SF
Days on Market134
Property Features for 616 E COLLEGE AVENUE Unit 305
General Information
Standard status
Active
Size
975 SF
Property subtype
Unit/Flat/Apartment
Occupancy
100%
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Furnished
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,768
Building Details
Building Size
975 SF
Year Built
1985
Tenancy
Single
Listing Agency:
Kissinger, Bigatel & Brower
Listed By:
Mei Guo-Kaplan · License #RS328724
(814) 308-4890
Source:
Nelsonrealtypa
Added: May 1
Changed: Aug 31
Last Checked: Sep 11 at 4:06PM
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, Bigatel & Brower
Investment Insights
Based on property information with market context.
This residential income property is a two-bedroom, two-full-bath condominium built in 1985. Interior updates include LVP and carpet flooring, refreshed bathroom vanities, and newer kitchen countertops and appliances. The sale includes a furniture package and an active rental permit.
The unit is located at 616 E College Avenue in State College, directly across from campus and within Downtown State College. It is fully leased through July 2027, providing an established rental arrangement for the next owner. The property is positioned for continued residential use near Pennsylvania State University and downtown amenities.
The unit is located at 616 E College Avenue in State College, directly across from campus and within Downtown State College. It is fully leased through July 2027, providing an established rental arrangement for the next owner. The property is positioned for continued residential use near Pennsylvania State University and downtown amenities.
Key Highlights
- Two‑bedroom, two‑full‑bath condominium
- Fully leased through July 2027
- Across from Pennsylvania State University campus
Property Analytics
Current Use
Lease Details
1
Residential units
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,577
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Downtown condo across from campus with updated finishes, furniture, and an active rental permit.
Where is this residential income property located?
The property is located at 616 E COLLEGE AVENUE Unit 305 State College, PA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two‑bedroom, two‑full‑bath condominium; Fully leased through July 2027; Across from Pennsylvania State University campus
