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131 N Thomas Street Bellefonte, PA $ 229,000
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$ 229,000 Get more info
131 N Thomas Street
$ 229,000
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131 N Thomas Street

Bellefonte, PA, 16823
$ 229,000
Bedrooms2 Baths0.0

Monthly Estimate*

$ 1,410

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Multi-Family Home for sale in Bellefonte, PA

for $229,000 with 2 bedrooms. This home was built in 1914 on a lot size of 0.08.

This fully rented up/down duplex in downtown Bellefonte offers a practical opportunity for anyone looking to expand their investment portfolio. Each unit includes a covered porch, natural gas forcedair heat, an equipped kitchen with a range & refrigerator, comfortable living space, one bedroom & one full bathroom. Unit #1 rents for $850/month & is leased through May 31, 2026. Unit #2 rents for $900/month & is leased through July 31, 2026. Tenants are responsible for electric, natural gas, cable & internet, while the landlord covers water, sewer, refuse, lawn care & snow removal. Positioned close to many of Bellefontes wellknown amenities, this property offers convenient access to local parks, recreation areas, dining & small-town businesses. With its central location, established rental history & simple, functional layout, this duplex presents a straightforward investment option in a consistently desirable area.

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Multi-Family Active

Price

$ 229,000

Bedrooms

2

Property Type

Multi-Family

Taxes

$ 1,618

Style

Traditional

Lot Size

0.08

Year Built

1914

Town/City

Bellefonte

County/Region

Centre

MLS | Web ID

PACE2517788
Features
General
Living Area 1232
Sewer Public Sewer
Heating Forced Air
Cooling None
Possession Settlement
Roof Shingle
Zoning HARB
Patio/Porch Features Porch(es) Roof
Architectural Style Traditional
Construction Materials Vinyl Siding
School District BELLEFONTE AREA
Exclusions Tenants personal property
Year Built 1914
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
Cool Fuel None
Municipality BELLEFONTE BORO
Accessibility None
County CENTRE
New Construction N
Property Type Multi-Family
Subdivision Name BELLEFONTE BOROUGH
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade
Status ACTIVE
Directions From State College I-99 N take exit 78B toward Bellefonte onto PA-150 N (Benner Pike) continue onto Willowbank St continue on S Water St go .2 miles turn left on W Lamb St go past the Gamble Mill on
City BELLEFONTE
Number Of Units Total 2
MLS Area Bellefonte Boro (16432)
Lot Size Units Square Feet
Lot Size Square Feet 3485.00
Number of Units Leased 2
Tax Annual Amount 1618.0
Home Warranty Y/N N
Two Bedroom 0
Structure Type Detached
Price Per Sq Ft Total AG 185.88
Historic Y/N Y
Rent Control Y/N N
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
Cap Rate 6.60
Association Recreation Fee N
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Interior
Heating Fuel Natural Gas
Basement Outside Entrance Unfinished Walkout Level
Hot Water Electric
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N N
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Exterior
Pool No Pool
Water Source Public
Inclusions 2 refrigerators & 2 ranges
Type of Parking On Street
Foundation Details Stone
Spa N
Water View Y/N N
Lot Size Acres 0.08
Lot Size Source Estimated
Waterfront Y/N N
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 131
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* Excluded Features
List By
Re/Max Centre Realty

Broker

ryan@loweteam.com

Email

Affordability Calculator

$1,545
Per Month
91%
9%
0%
Monthly Principal & Interest
$1,410
Monthly Property Taxes
$135
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4049399 Elementary School
4305987 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/25/2026$229,000 Listed Price

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131 N Thomas Street, Bellefonte, PA, 16823 is a Multi-Family Home for sale at $229,000 with a lot size of 0.08. 131 N Thomas Street has 2 bedrooms, 0.0 baths, and was built in 1914. The property's zip code is 16823 which is in Bellefonte, PA

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