Three-Unit Student Rental
For Sale
$1,250,000
820 S Pugh Street, State College, PA 16801
R3H-zoned three-unit home with updated kitchens and baths, new deck, and new water heaters, currently under single-lease income.
Property SizeContact for details
Days on Market60
Property Features for 820 S Pugh Street
General Information
Standard status
Active
Property subtype
Commercial
Zoning
R3H
Occupancy
100%
Lease Term
[]
Additional Details
Business Included
Yes
Multifamily Units
3
Building Details
Year Built
1940
Tenancy
Single
Listing Agency:
Kissinger,Bigatel & Brower
Listed By:
Ellen Kline · License #RS200089L
(814) 280-2088
Source:
Deepcreeklake
Added: Jul 8
Changed: Sep 5
Last Checked: Sep 5 at 9:07AM
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 turnkey three-unit residence is offered as a stabilized student rental investment. The property is R3H-zoned and currently leased under a single lease arrangement, with the home presently configured as 5 bedrooms, 3 full bathrooms, and 3 kitchens, and currently occupied by 8 residents. Permits are on file to support up to 13 occupants, and the seller notes permits and documentation are available for review.
The home is described as having zero vacancy history and a consistent tenant group in place for the past four years. Recent updates include remodeled kitchens and bathrooms, a new deck, and all-new water heaters. Financial information and related materials are available upon request, including permits and a rent roll.
Arranged as a three-unit home under one lease, this property has been maintained with substantial interior and system upgrades, supporting dependable operations for an investor seeking income-producing real estate.
The home is described as having zero vacancy history and a consistent tenant group in place for the past four years. Recent updates include remodeled kitchens and bathrooms, a new deck, and all-new water heaters. Financial information and related materials are available upon request, including permits and a rent roll.
Arranged as a three-unit home under one lease, this property has been maintained with substantial interior and system upgrades, supporting dependable operations for an investor seeking income-producing real estate.
Key Highlights
- 1940‑built, R3H‑zoned 3‑unit home currently rented under a single lease
- Currently configured as 5 bedrooms, 3 full baths, and 3 kitchens; presently occupied by 8
- Permits on file for up to 13 occupants
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,790
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - R3H-zoned three-unit home with updated kitchens and baths, new deck, and new water heaters, currently under single-lease income.
Where is this triplex located?
The property is located at 820 S Pugh Street State College, PA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 1940‑built, R3H‑zoned 3‑unit home currently rented under a single lease; Currently configured as 5 bedrooms, 3 full baths, and 3 kitchens; presently occupied by 8; Permits on file for up to 13 occupants
