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    State College, PA Residential Income Properties for Sale

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    19 properties
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    Four-Unit Quadplex with Creek Views
    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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    Two-Story Duplex with Off-Street Parking
    Updated: Aug 10
    Two-Story Duplex with Off-Street Parking

    508-510 ROYAL Road, State College, PA 16801

    $475,000
    2,091 sqft 0.34 AC lot
    2,091‑square‑foot duplex on a 0.34‑acre parcel
    Two‑story layout with basement space
    Roof replaced in 2019
    Both units are leased, with terms extending through 2026 and 2027
    Active rental permits and student home licenses for both units
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    A-Frame Duplex with Garage Apartment
    A-Frame Duplex with Garage Apartment

    159 LOWER GRANDVIEW Road, State College, PA 16801

    $419,000
    2,414 sqft 0.71 AC lot

    A primary residence and permitted one-bedroom apartment share the property, with detached garage, decks, and private outdoor space.

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    Mixed-Use Property with Veterinary Practice
    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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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Residential Income Property with Private Elevator
    Residential Income Property with Private Elevator

    425 WINDMERE DR #4A, State College, PA 16801

    $989,000
    3,532 sqft

    Condominium residence with expansive terraces, panoramic views, and extensive shared amenities.

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    Student-Permitted Triplex
    Student-Permitted Triplex

    840 OLD BOALSBURG ROAD, State College, PA 16801

    $695,000
    2,485 sqft

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

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    Occupied 2-Unit Duplex
    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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    A-Frame Income Property
    A-Frame Income Property

    159 LOWER GRANDVIEW ROAD, State College, PA 16801

    $419,000
    2,414 sqft

    A-frame dwelling with rental use, detached garage, covered driveway, and central air conditioning.

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    Three-Unit Condominium Triplex
    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
    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
    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
    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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    Top-Floor Residential Income Property
    Top-Floor Residential Income Property

    333 S ALLEN STREET Unit: 703, State College, PA 16801

    $430,000

    Three-bedroom corner unit with elevator access, updated interiors, and one-floor living.

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    Updated Residential Income Property
    Updated Residential Income Property

    455 WINDMERE DRIVE Unit: LLC, State College, PA 16801

    $505,000

    Ground-level condo with renovated baths, refreshed finishes, and multiple private patios.

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    Two-Bedroom Income Property
    Two-Bedroom Income Property

    131 SOWERS STREET Unit: B10, State College, PA 16801

    $395,000

    Furnished residential unit with an existing lease extending through summer 2027.

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    One-Bedroom Residential Income Condo
    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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    19-Unit Multifamily with Retail
    19-Unit Multifamily with Retail

    512 E College Ave, State College, PA 16801

    Contact for pricing

    Stabilized 19-unit wood-framed building with a 600 SF attached retail space and onsite laundry.

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    Zoned Mixed-Use Property
    Zoned Mixed-Use Property

    412 S Allen St, State College, PA 16801

    Contact for pricing

    R-OA zoned property uses include apartments, offices, and more, with steam heat supplied by a natural-gas boiler.

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    Three-Bedroom Townhome Rental Community
    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 Potential Opportunities for your consideration. Besides 19 Active Listings in State College, PA, we suggest to view alternatives - similar 10 Off-Market properties to explore as potential leads.

    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.

    1752 Atherton St
    MOBILE HOME PARK, TRAILER PARK

    1752 Atherton St, State College, PA 16803

    $6,840,000
    Estimated value
    27.47 AC lot
    View details
    329 Prospect Ave
    Multifamily properties

    329 Prospect Ave, State College, PA 16801

    Value Estimation by Request
    13,471 sqft
    View details
    401 Keller St
    Multifamily properties

    401 Keller St, State College, PA 16801

    Value Estimation by Request
    1,488 sqft 0.49 AC lot
    View details
    2181 Whitehall Rd
    Multifamily properties

    2181 Whitehall Rd, State College, PA 16801

    Value Estimation by Request
    44.20 AC lot
    View details
    101 Grandview Rd
    Multifamily properties

    101 Grandview Rd, State College, PA 16801

    Value Estimation by Request
    4,940 sqft 1.28 AC lot
    View details

    State College, PA Residential Income Properties Market Trends and Statistics

    Explore 29 residential income properties for sale in State College, PA, showcased through 19 active listings on our real estate platform. These investment opportunities span a total of 33,550 square feet of properties for sale, with an estimated market value of $10,550,000.

    Sale prices for residential income properties in State College, PA start at $179,000, averaging $703,333, 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 12
    Duplexes 3
    Quadplexes 3
    Triplexes 3
    Apartment buildings 2

    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 $899.5K

    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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    Popular Searches in State College, PA

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    Most Searched ZIP Codes in State College, PA

    • 16801
    • 16803

    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: 18142802177
    www.statecollegehomes.com/

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