State College, PA Multifamily Properties for Sale

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Albrightsville, PA Boalsburg, PA Bellefonte, PA Port Matilda, PA Julian, PA Centre Hall, PA Coaldale, PA Spring Mills, PA

9 properties

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Updated: Mar 6

Creekfront Quadplex

824 ELMWOOD Street, State College, PA 16801

$875,000

7,680 sqft 1.17 AC lot

Four‑unit quadplex comprising two duplex buildings
7,680 square feet on 1.17 acres
Unit mix includes two 5BR/2BA units, one 1BR unit, and one 4BR unit
100% occupied with leases secured through July 31, 2026
Directly backs to Spring Creek near Penn State University, Lemont, and Rt. 322

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Updated: Jun 16

Duplex with Garage Apartment

159 LOWER GRANDVIEW Road, State College, PA 16801

$419,000

2,414 sqft 0.71 AC lot

A‑frame main residence with vaulted ceilings and large windows
Separate one‑bedroom apartment above a detached two‑car garage
35' x 16' unfinished storage room above the home addition
0.71‑acre property at 159 Lower Grandview Road, State College, PA 16801
Apartment has an active rental permit and private 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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See what stands out in Centre County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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NOI available after sign in

Local Demand available after sign in

Student-Permitted Triplex

840 OLD BOALSBURG ROAD, State College, PA 16801

$675,000

2,485 sqft

Three-unit property featuring a four-bedroom home, a one-bedroom apartment, and an efficiency apartment.

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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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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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Occupied 2-Unit Duplex

508-510 ROYAL ROAD, State College, PA 16801

$475,000

2,091 sqft

Two leased residences offer established occupancy and off-street parking.

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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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Creek-Front Quadplex

824 ELMWOOD STREET, State College, PA 16801

$875,000

1.17 AC lot

Four rental units include varied bedroom layouts, covered porches, private basements, and separate laundry facilities.

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Based on your search, we've compiled 23 Potential Opportunities for your consideration. Besides 9 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.

Triplex with Outbuildings

114 TUCKER Road, Spring Mills, PA 16875

$729,900

2,700 sqft 16.89 AC lot

Three apartments are complemented by an unfinished residence, barns, workshop space, and a private pool on an expansive rural property.

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Updated Duplex with Paved Parking

328-330 MYRTLE Street, Bellefonte, PA 16823

$367,000

2,112 sqft 0.32 AC lot

Two residential units feature matching two-bedroom layouts with one-and-a-half baths each.

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Farm Property with Multiple Residences

114 TUCKER ROAD, Spring Mills, PA 16875

$729,900

2,700 sqft

Historic farmhouse, unfinished custom home, barns, workshop, and pool occupy 16.89 acres.

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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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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

View details

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 19 multifamily properties for sale in State College, PA, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 23,795 square feet of properties for sale, with an estimated market value of $10,268,000.

Sale prices for multifamily properties in State College, PA start at $399,000, averaging $1,283,500, 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.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 79K

Population Growth (5Y) +0.7%

Median Household Income $66,118

College Educated 58.3%

High-Yield Neighborhoods for Investment

Identify State College submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
16803	$399K
16801	$1.4M

Taxes & Financing

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Centre County

New Delisted

Total CRE Inventory on Market (SF)

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