1355-1357 University Drive State College, PA $ 425,000
1355-1357 University Drive
$ 425,000
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1355-1357 University Drive

State College, PA, 16801
$ 425,000
Bedrooms4 Baths0.0

Monthly Estimate*

$ 2,617

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Multi-Family Home for sale in State College, PA

for $425,000 with 4 bedrooms. This home was built in 1970 on a lot size of 0.27.

A great investment opportunity in the heart of State College Borough, this fully leased duplex combines established STUDENT HOME LICENSES, active rental permits, and an unbeatable location just moments from Penn State University. Consistent demand, walkability, and direct access to the CATA bus route make this property a reliable performer in one of the areas strongest rental markets. Each unit offers approximately 900 sq. ft. of functional living space, including hardwood floors, a comfortable living room, a kitchen with included refrigerators and ranges, 2 bedrooms, 1 full bathroom, and unfinished basements ideal for storage. Both units are separately metered with tenants responsible for all utilities, and the property is heated with electric ceiling heat. Zoned R 2 and well maintained, this duplex provides a low maintenance, high demand addition to any portfolio. This sale will be a part of a 1031 Exchange. Buyer will be responsible for crediting the seller final water, sewer & trash at the time of settlement.

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Multi-Family Pending

Price

$ 425,000

Bedrooms

4

Property Type

Multi-Family

Taxes

$ 5,415

Style

Ranch/Rambler

Lot Size

0.27

Year Built

1970

Town/City

State College

County/Region

Centre

MLS | Web ID

PACE2518834

Features
General
Living Area 1800
Sewer Public Sewer
Heating Ceiling
Cooling None
Possession Settlement
Zoning R-2
Architectural Style Ranch/Rambler
Construction Materials Brick
School District STATE COLLEGE AREA
Year Built 1970
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
Cool Fuel None
Municipality STATE COLLEGE BORO
Accessibility None
County CENTRE
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status PENDING
Directions S Atherton St to University Dr to the property on your right.
City STATE COLLEGE
Number Of Units Total 2
MLS Area State College Boro (16436)
Lot Size Units Square Feet
Lot Size Square Feet 11761.00
Tax Annual Amount 5415.0
Two Bedroom 2
Structure Type Twin/Semi-Detached
Price Per Sq Ft Total AG 236.11
Vacation Rental Y/N N
Standard Status Pending
Year Built Source Assessor
Association Recreation Fee N
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Interior
Heating Fuel Electric
Basement Unfinished
Flooring Hardwood Vinyl
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 Off Street
Foundation Details Block
Water View Y/N N
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.27
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 14875.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1355
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* Excluded Features
List By
Re/Max Centre Realty

Broker

ryan@loweteam.com

Email

Affordability Calculator

$3,068
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,617
Monthly Property Taxes
$451
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
4110137 Elementary School
4110146 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/6/2026$425,000 Listed Price

Map


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1355-1357 University Drive, State College, PA, 16801 is a Multi-Family Home for sale at $425,000 with a lot size of 0.27. 1355-1357 University Drive has 4 bedrooms, 0.0 baths, and was built in 1970. The property's zip code is 16801 which is in State College, PA