Residential Income

State College, PA Residential Income Properties for Sale

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16 properties
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Waterfront Four-Unit Quadplex
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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4-Unit Multifamily Property
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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Mixed-Use Property with Veterinary Practice
Mixed-Use Property with Veterinary Practice

200 ELMWOOD STREET, State College, PA 16801

$1,990,000
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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Three-Unit Student Rental Property
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
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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Furnished One-Bedroom Income Property
Furnished One-Bedroom Income Property

500 E COLLEGE AVENUE Unit: 201, State College, PA 16801

$269,950
630 sqft

Corner condominium offered fully furnished with rental permission, campus access, and urban amenities nearby.

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Duplex with Covered Carport
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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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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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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Updated 25-Unit Apartment Community
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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Studio Condominium with Separate Kitchen
Studio Condominium with Separate Kitchen

421 E BEAVER AVENUE Unit: B6, State College, PA 16801

$199,000

The leased unit has a separate kitchen, full bathroom, and two closets.

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Leased Two-Bedroom Income Property
Leased Two-Bedroom Income Property

616 E COLLEGE AVENUE Unit: 305, State College, PA 16801

$400,000

Downtown condo across from campus with updated finishes, furniture, and an active rental permit.

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Updated Residential Income Unit
Updated Residential Income Unit

456 BEAVER AVENUE E Unit: 301, State College, PA 16801

$415,000

Vacant two-bedroom end unit with a private balcony, updated kitchen, and furniture included.

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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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One-Bedroom Residential Apartment
One-Bedroom Residential Apartment

456 E BEAVER AVENUE Unit: 306, State College, PA 16801

$260,000

Positioned a block from Penn State’s main campus, the unit also connects with downtown and campus bus routes.

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Furnished Residential Income Property
Furnished Residential Income Property

State College, PA 16801

$269,950

One-bedroom condominium with furnishings, appliances, elevator access, and permitted rental use near Penn State campus.

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Based on your search, we've compiled 33 Potential Opportunities for your consideration. Besides 16 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 3 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.

Eight-Unit Apartment Building
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
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
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
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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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
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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Residential Land in Laurel Hills
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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Residential Land in Mill Hall
Residential Land in Mill Hall

0008 LONG RUN Road, Mill Hall, PA 17751

Contact for pricing
0.58 AC lot

Land available in Mill Hall, Pennsylvania.

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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.

1752 Atherton St
MOBILE HOME PARK, TRAILER PARK

1752 Atherton St, State College, PA 16803

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

329 Prospect Ave, State College, PA 16801

Estimated value: by Request
13,471 sqft
View details
401 Keller St
Multifamily properties

401 Keller St, State College, PA 16801

Estimated value: by Request
1,488 sqft 0.49 AC lot
View details
2181 Whitehall Rd
Multifamily properties

2181 Whitehall Rd, State College, PA 16801

Estimated value: by Request
44.20 AC lot
View details
101 Grandview Rd
Multifamily properties

101 Grandview Rd, State College, PA 16801

Estimated value: by Request
4,940 sqft 1.28 AC lot
View details
103 Westerly Pkwy
Multifamily properties

103 Westerly Pkwy, State College, PA 16801

Estimated value: by Request
936 sqft
View details
415 College Ave
Multifamily properties

415 College Ave, State College, PA 16801

Estimated value: by Request
49,750 sqft
View details
596 Pierson Dr
MOBILE HOME PARK, TRAILER PARK

596 Pierson Dr, State College, PA 16803-2263

Estimated value:
$255,000
29.48 AC lot
View details

State College, PA Residential Income Properties Market Trends and Statistics

Explore 26 residential income properties for sale in State College, PA, showcased through 16 active listings on our real estate platform. These investment opportunities span a total of 38,314 square feet of properties for sale, with an estimated market value of $14,395,900.

Sale prices for residential investment properties in State College, PA start at $199,000, averaging $959,726, 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

Multifamily properties 7
Duplexes 2
Triplexes 2
Apartment buildings 1
Quadplexes 1

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 $1.1M

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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