State College, PA Multifamily properties for sale

Updated: Sep 22

Waterfront Four-Unit Quadplex

824 ELMWOOD Street, State College, PA 16801

$875,000

7,680 sqft 1.17 AC lot

Two duplex buildings provide four residential units with varied bedroom configurations
1.17‑acre parcel backing to Spring Creek with waterfront features
Front duplex has 4‑5 bedrooms and 2 bathrooms per side; rear duplex has 2‑bedroom and 1‑bedroom units
7,680 square feet of property size; built in 1937
Parking for eight vehicles plus shared laundry room, porches, and deck

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Updated: Sep 22

4-Unit Multifamily Property

824 ELMWOOD STREET, State College, PA 16801

$875,000

7,680 sqft 1.17 AC lot

Four rental units across two duplex buildings
Front duplex: two units, each with 4–5 bedrooms and 2 bathrooms
Rear duplex includes 2‑bedroom and 1‑bedroom units
1.17‑acre site backing to Spring Creek
Parking for eight vehicles, tenant laundry, porches, and a deck

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Three-Unit Student Rental Property

820 S Pugh St, State College, PA 16801

$1,250,000

2,813 sqft

R3H-zoned three-unit home with updated kitchens and baths, new deck, and new water heaters, currently under single-lease income.

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Renovation Duplex with Covered Carport

534-536 CLARENCE AVE, State College, PA 16803

$399,000

2,088 sqft 0.29 AC lot

Two one-bedroom units feature separate services, active rental permits, and distinct renovation needs.

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Duplex with Covered Carport

534 CLARENCE AVENUE, State College, PA 16803

$399,000

2,088 sqft

Two one-bedroom units offer separate utilities and defined renovation scope.

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Three-Unit Condominium Triplex

227 Strouse Avenue, State College, PA 16803

Contact for pricing

3,264 sqft

Well-maintained triplex with three 2-bedroom units, private decks, and in-unit laundry in an established State College setting.

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Updated 25-Unit Apartment Community

610-676 Southgate Dr, State College, PA 16801

$5,300,000

960 sqft

Townhouse-style rental community with two- and three-bedroom layouts, furnished and unfurnished options, and dedicated parking.

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Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 7 Active listings in State College, PA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 10 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Eight-Unit Apartment Building

89 N MAIN STREET, Milroy, PA 17063

$190,000

1,528 sqft

Well-maintained 8-unit efficiency apartment building with all units currently rented.

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Three-Unit Triplex with Laundry

126 College Ave, Milroy, PA 17063

$209,000

3,086 sqft 0.45 AC lot

All three apartments are occupied, and each has its own laundry area on the main level.

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Four-Unit Quadplex with Porches

2990 BUFFALO RUN ROAD, Bellefonte, PA 16823

$819,000

4.00 AC lot

Fully rented property with private storage, basement laundry access, and paved parking on a spacious lot.

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Updated Duplex with Paved Parking

328 MYRTLE STREET, Bellefonte, PA 16823

$347,000

Both residences offer two bedrooms and one-and-a-half baths with recent updates.

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Off-Market Properties in State College, PA

Consider similar Off-Market properties in State College, PA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

MOBILE HOME PARK, TRAILER PARK

1752 Atherton St, State College, PA 16803

Estimated value:

$6,840,000

27.47 AC lot

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Multifamily properties

329 Prospect Ave, State College, PA 16801

Estimated value: by Request

13,471 sqft

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Multifamily properties

401 Keller St, State College, PA 16801

Estimated value: by Request

1,488 sqft 0.49 AC lot

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Multifamily properties

2181 Whitehall Rd, State College, PA 16801

Estimated value: by Request

44.20 AC lot

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Multifamily properties

101 Grandview Rd, State College, PA 16801

Estimated value: by Request

4,940 sqft 1.28 AC lot

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Multifamily properties

103 Westerly Pkwy, State College, PA 16801

Estimated value: by Request

936 sqft

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Multifamily properties

415 College Ave, State College, PA 16801

Estimated value: by Request

49,750 sqft

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MOBILE HOME PARK, TRAILER PARK

596 Pierson Dr, State College, PA 16803-2263

Estimated value:

$255,000

29.48 AC lot

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MOBILE HOME PARK, TRAILER PARK

Joyce Dr, State College, PA 16801

Estimated value:

$230,000

3.79 AC lot

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MOBILE HOME PARK, TRAILER PARK

State College, PA 16803

Estimated value:

$410,000

View details

State College, PA Multifamily Properties Market Trends and Statistics

Explore 17 multifamily properties for sale in State College, PA, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 26,573 square feet of properties for sale, with an estimated market value of $9,098,000.

Sale prices for multifamily properties in State College, PA start at $399,000, averaging $1,516,333, and reaching up to $5,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Neighborhood	Average Price
16803	$399K
16801	$1.8M

Neighborhood

Average Price

16803

$399K

16801

$1.8M

Featured State College Real Estate Agencies

Realmo connects you with licensed State College CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

RE/MAX Centre Realty

1375 Martin St State College, PA 16803

Phone: (814) 280-2177

www.statecollegehomes.com/

Keller Williams Advantage Realty

278 W.Hamilton Avenue State College, PA 16801

Phone: (814) 280-0727