Bought with Brian Rutter • Keller Williams Advantage Realty
$450,000
$425,000
5.9%For more information regarding the value of a property, please contact us for a free consultation.
1307-1309 UNIVERSITY DR State College, PA 16801
1,800 SqFt
Key Details
Sold Price $450,000
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,800 sqft
Price per Sqft $250
MLS Listing ID PACE2518622
Sold Date 05/27/26
Style Ranch/Rambler
Abv Grd Liv Area 1,800
Year Built 1971
Annual Tax Amount $5,470
Tax Year 2025
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 0.00 x 0.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
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.
Location
State PA
County Centre
Area State College Boro (16436)
Zoning R2
Rooms
Basement Unfinished
Interior
Hot Water Electric
Heating Ceiling
Cooling None
Fireplace N
Heat Source Electric
Exterior
Exterior Feature Porch(es)
Water Access N
Roof Type Shingle
Accessibility None
Porch Porch(es)
Garage N
Building
Foundation Block
Above Ground Finished SqFt 1800
Sewer Public Sewer
Water Public
Architectural Style Ranch/Rambler
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District State College Area
Others
Tax ID 36-023-,188-,0000-
Ownership Fee Simple
SqFt Source 1800
Special Listing Condition Standard
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