State College, PA Multifamily Properties for Sale

List

Map

Albrightsville, PA Boalsburg, PA Bellefonte, PA Centre Hall, PA Julian, PA Pleasant Gap, PA Port Matilda, PA Coaldale, PA

Updated: Jun 16

A-Frame Duplex with Garage Apartment

159 LOWER GRANDVIEW Road, State College, PA 16801

$449,000

2,414 sqft 0.71 AC lot

A‑frame home built in 1969 with vaulted ceilings and large windows
Addition includes two spacious bedrooms and a bathroom with a step‑in shower stall
Unfinished storage room above the addition: 35' x 16'
Crawl space professionally insulated and encapsulated
Detached two‑car garage plus a one‑bedroom apartment above with open kitchen and living room

View details

This listing looks promising.

Here's a quick look at some key insights for

159 LOWER GRANDVIEW Road, STATE COLLEGE, PA 16801

View Property Analytics

Est. Cap Rate

4.8%
NOI ÷ price
Est. NOI

$21K
Annual
Price @ 7% Cap

$306K
Suggested

View Property Analytics

Updated: Jun 16

Three-Unit Condominium Triplex

227 Strouse Avenue, State College, PA 16803

$735,000

3,264 sqft

Triplex built in 1981 with three well‑maintained condominium units (each 2BR/1.5BA)
Each unit includes a private deck plus kitchen appliances and washer/dryers
Unit 227 Strouse Ave features a finished lower‑level family room and laundry area; basement bathroom remodel scheduled by end of June 2026
Unit 229 Strouse Ave offers a versatile lower‑level family room (home office/den potential) plus a dedicated laundry area
Unit 231 Strouse Ave includes a spacious lower‑level family room, laundry area, and a full bathroom in the basement

View details

Three-Unit Student Rental Property

820 S Pugh Street, State College, PA 16801

$1,350,000

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

View details

Three-Bedroom Townhome Rental Community

1335 Dreibelbis St, State College, PA 16801

Contact for pricing

Built in 2013 with 145 furnished three-bedroom townhomes and a shared clubhouse plus outdoor pool amenities.

View details

Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 22 Potential Opportunities for your consideration. Besides 4 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, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

Four-Unit Residential Income Property

2990 Buffalo Run Road, Bellefonte, PA 16823

$850,000

4,356 sqft 4.00 AC lot

Fully rented quadplex on a large lot with paved parking and in-building coin-operated laundry.

View details

Duplex With Apartments Over Garages

79 & 81 ELECTRIC AVENUE, Milroy, PA 17063

$195,000

2,000 sqft

Two move-in-ready apartments sit above two garages, with the property taken out of the flood zone.

View details

Two-Unit Duplex with Covered Porches

224 East Bishop Street, Bellefonte, PA 16823

$225,000

1,704 sqft

Up/down duplex features two covered exterior living areas, separate unit layouts, and a newer roof from 2019.

View details

Eight-Unit Apartment Building

89 N MAIN STREET, Milroy, PA 17063

$200,000

1,528 sqft

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

View details

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land with Existing Septic and Well

18531 Blackberry dr, Three Springs, PA 17264

$38,900

1.78 AC lot

Nearly two acres in Three Springs with an in-place septic and well, plus an opportunity to fix or replace the existing mobile home.

View details

Residential Lot in Westfield, PA

110 Mill Street, Westfield, PA 16950

Contact for pricing

0.17 AC lot

Affordable .171 acre lot ready for a mobile home.

View details

Land Near Shepherd University

8285 MARTINSBURG Pike, Shepherdstown, WV 25443

$650,000

3.70 AC lot

Prime land near Shepherd University with development potential.

View details

Caneadea Acre Building Lot

8708 Oramel Hill Rd, Caneadea, NY 14717

$31,900

1.00 AC lot

One acre lot with utilities, ready for recreation.

View details

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

$6,225,000

Estimated value

27.47 AC lot

View details

Multifamily properties

329 Prospect Ave, State College, PA 16801

Value Estimation by Request

13,471 sqft

View details

Multifamily properties

401 Keller St, State College, PA 16801

Value Estimation by Request

1,488 sqft 0.49 AC lot

View details

Multifamily properties

2181 Whitehall Rd, State College, PA 16801

Value Estimation by Request

44.20 AC lot

View details

Multifamily properties

101 Grandview Rd, State College, PA 16801

Value Estimation by Request

4,940 sqft 1.28 AC lot

View details

Multifamily properties

103 Westerly Pkwy, State College, PA 16801

Value Estimation by Request

936 sqft

View details

Multifamily properties

415 College Ave, State College, PA 16801

Value Estimation by Request

49,750 sqft

View details

MOBILE HOME PARK, TRAILER PARK

596 Pierson Dr, State College, PA 16803-2263

Value Estimation by Request

29.48 AC lot

View details

MOBILE HOME PARK, TRAILER PARK

Joyce Dr, State College, PA 16801

Value Estimation by Request

3.79 AC lot

View details

MOBILE HOME PARK, TRAILER PARK

State College, PA 16803

Value Estimation by Request

View details

State College, PA Multifamily Properties Market Trends and Statistics

Explore 14 multifamily properties for sale in State College, PA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 5,678 square feet of properties for sale, with an estimated market value of $2,534,000.

Sale prices for multifamily properties in State College, PA start at $449,000, averaging $844,666, and reaching up to $1,350,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

List

Map

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
16801	$449K
16803	$735K

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)

Need Help?

Reach out if you need assistance with Realmo tools or have questions about your listings

State College, PA Multifamily Properties for Sale

159 LOWER GRANDVIEW Road, State College, PA 16801

227 Strouse Avenue, State College, PA 16803

820 S Pugh Street, State College, PA 16801

1335 Dreibelbis St, State College, PA 16801