$ 425,000
-
$425,000
Price -
4
Bed -
0
Bath -
1,800
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing REMAXCR1 - 3347236
Located in the heart of State College Borough and less than two miles from Penn State University, this fully rented duplex offers an exceptional investment opportunity with current rental permits and STUDENT HOME LICENSES already in place—a true advantage for investors. Situated along the CATA bus route, the property benefits from consistent tenant demand in a highly desirable location. Each 900 sq. ft. unit features hardwood floors, living room, kitchen with included refrigerators & ranges, 2 bedrooms, 1 full bathroom, unfinished basements provide ample storage, electric ceiling heat and are separately metered, with tenants responsible for all utilities. The property is zoned R-2 and has been well maintained, including a roof replacement in 2016 and double-pane replacement windows. Unit 1307 is leased at $1,400/month through 7/29/26, while Unit 1309 is leased at $1,340/month plus a $40/month pet fee through 7/29/26—providing strong, reliable income from day one. Additional highlights include ample off-street parking and a large, flat backyard. With a solid rental history, and a location that continues to attract steady demand, this duplex is a smart and seamless addition to any investment portfolio. This sale will be a part of a 1031 Exchange.
Listing Highlights
Status
Pending
Days on Site
13
Property Type
Multi-Family
MLS ®
PACE2518622
Year Built
1971
Total Square Footage
1,800
Lot/Acreage
0.37
Interior Details
- Bedrooms: 4
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Ceiling
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1800
- Below Ground Sq Ft: 0
- Basement: Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Lot Dimensions: 0.00 x 0.00
- Zoning: R2
- Roof: Shingle
- Others:
- Sewer: Public Sewer
- Parking Features: Off Street,Driveway
Financial Details
- Tax Amount: $5,470
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
1307 1307-1309 University Dr State College, PA 16801
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
