Centre County, PA Residential Income Properties for Sale

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Updated: Mar 6

Four-Unit Quadplex with Creek Views

824 ELMWOOD Street, State College, PA 16801

$875,000

7,680 sqft 1.17 AC lot

1.17‑acre creek‑front lot backing directly to Spring Creek
Four income‑producing units across two duplexes (824 & 828, 830 & 832 Elmwood)
Leases secured through July 31, 2026
Rear duplex brand‑new shingle roof in 2025
Brick duplex at 824 & 828 Elmwood with two 5BR/2BA units

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This listing looks promising.

Here's a quick look at some key insights for

824 ELMWOOD Street, STATE COLLEGE, PA 16801

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Est. Cap Rate

7.8%
Above avg (5.9%)
Est. NOI

$68K
Annual
Price @ 7% Cap

$974K
Above asking
Property Type

Multi-Family Dwellings
Built 1937

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Updated: Jun 16

Duplex with A-Frame Main Home and Garage Apartment

159 LOWER GRANDVIEW Road, State College, PA 16801

$449,000

2,414 sqft 0.71 AC lot

A‑frame main home plus one‑bedroom apartment above a detached two‑car garage
Unfinished 35' x 16' storage room above the addition
Crawl space professionally insulated and encapsulated
One‑bedroom apartment includes open kitchen and living area, walk‑in closet, and washer/dryer
Central air with heat pump and electric heating

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Mixed-Use Property with Veterinary Practice

200 ELMWOOD STREET, State College, PA 16801

$2,000,000

7,579 sqft 1.30 AC lot

Two renovated components combine an established veterinary tenancy with a three-bedroom residential apartment.

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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.

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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.

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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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Four-Unit Apartment Property

829-833 ELMWOOD STREET, State College, PA 16801

$469,000

0.34 AC lot

Two duplex-style buildings offer four apartments, including one two-bedroom unit and three one-bedroom units.

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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.

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Three-Bedroom Residential Condominium

3291 SHELLERS BEND, State College, PA 16801

$429,900

English Meadows condominium offering a three-bath layout with two en suite bedrooms.

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One-Bedroom Residential Income Condo

415 S ATHERTON STREET Unit: A1, State College, PA 16801

$179,000

Low-maintenance condominium living near Penn State campus, with covered parking and on-site laundry.

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Well-Maintained Duplex with Separate Entrances

230 E BISHOP STREET, Bellefonte, PA 16823

$190,000

Two-unit duplex in Bellefonte with separate entrances and brand new split HVAC systems for each unit.

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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.

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Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 13 Active listings in Centre County, PA, we suggest exploring several alternatives: similar 59 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

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.

Agricultural Land Parcel with Pasture

LINDEN HALL Road lot: #6, Boalsburg, PA 16827

$449,000

7.17 AC lot

A treelined, gently sloping parcel with permitted development approval and available OGM rights.

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Development-Ready Commercial Lot with Utilities

COMMERCE Street lot: 2, Bellefonte, PA 16823

$379,900

1.90 AC lot

Level commercial lot with municipal water, sewer, and electric already on-site for faster construction planning.

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Residential Land in Laurel Hills

133 ROUNDHILL Road, Boalsburg, PA 16828

$185,000

0.70 AC lot

Large lot near Tussey Mountain, build your dream home!

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Vacant Lot in Lewistown Borough

122 Chestnut Street, Lewistown, PA 17044

Contact for pricing

Vacant lot with manufacturing-industrial zoning and available public utilities.

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Off-Market Properties in Centre County, PA

Consider similar Off-Market properties in Centre County, 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

119 Ofc Ln, Howard, PA 16841-2646

$7,700,000

Estimated value

18.67 AC lot

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MOBILE HOME PARK, TRAILER PARK

Fleck Ln, Philipsburg, PA 16866

Value Estimation by Request

3.00 AC lot

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MOBILE HOME PARK, TRAILER PARK

2102 Eagle Vly Rd, Julian, PA 16844-9510

Value Estimation by Request

4.92 AC lot

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CAMPGROUND, RV PARK

133 Woodward Cave Dr, Woodward, PA 16882

Value Estimation by Request

14.00 AC lot

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MOBILE HOME PARK, TRAILER PARK

210 Giovanni St, Snow Shoe, PA 16874-8633

Value Estimation by Request

1.10 AC lot

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CAMPGROUND, RV PARK

2023 Jacksonville Rd, Bellefonte, PA 16823-9338

Value Estimation by Request

39.40 AC lot

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MOBILE HOME PARK, TRAILER PARK

305 Catherine St, Milesburg, PA 16853-3821

Value Estimation by Request

0.82 AC lot

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MOBILE HOME PARK, TRAILER PARK

174 Church St, Clarence, PA 16829-8020

Value Estimation by Request

0.70 AC lot

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MOBILE HOME PARK, TRAILER PARK

139 Martin St, Philipsburg, PA 16866-1976

Value Estimation by Request

0.28 AC lot

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CAMPGROUND, RV PARK

101 7th Mtns Campground Rd, Spring Mills, PA 16875-8907

$790,000

Estimated value

7.76 AC lot

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CAMPGROUND, RV PARK

2481 Jacksonville Rd, Bellefonte, PA 16823-9316

Value Estimation by Request

77.36 AC lot

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Centre County, PA Residential Income Properties Market Trends and Statistics

Explore 72 residential income properties for sale in Centre County, PA, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 26,997 square feet of properties for sale, with an estimated market value of $7,891,900.

Sale prices for residential income properties in Centre County, PA start at $179,000, averaging $717,445, and reaching up to $2,000,000 — 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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Centre County, PA Residential Income Properties for Sale

824 ELMWOOD Street, State College, PA 16801

159 LOWER GRANDVIEW Road, State College, PA 16801

200 ELMWOOD STREET, State College, PA 16801

2990 Buffalo Run Road, Bellefonte, PA 16823

224 East Bishop Street, Bellefonte, PA 16823

227 Strouse Avenue, State College, PA 16803

824 ELMWOOD STREET, State College, PA 16801

829-833 ELMWOOD STREET, State College, PA 16801

820 S Pugh Street, State College, PA 16801

3291 SHELLERS BEND, State College, PA 16801

415 S ATHERTON STREET Unit: A1, State College, PA 16801

230 E BISHOP STREET, Bellefonte, PA 16823

1335 Dreibelbis St, State College, PA 16801