227 - 231 Strouse Avenue State College, PA $ 735,000
227 - 231 Strouse Avenue
$ 735,000
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227 - 231 Strouse Avenue

State College, PA, 16803
$ 735,000
Bedrooms6 Baths0.0

Monthly Estimate*

$ 4,526

227 - 231 Strouse Avenue, State College, PA 16803 - Image 1
227 - 231 Strouse Avenue, State College, PA 16803 - Image 2
227 - 231 Strouse Avenue, State College, PA 16803 - Image 3
227 - 231 Strouse Avenue, State College, PA 16803 - Image 4

Multi-Family Home for sale in State College, PA

for $735,000 with 6 bedrooms. This home was built in 1981.

Don't miss this rare opportunity to own all three well-maintained condominium units located just minutes from Penn State University and conveniently situated along the CATA bus route. Whether you're looking to expand your investment portfolio or secure income-producing property in a highly desirable location, this package offers tremendous potential. Each of the three units features 2 bedrooms and 1.5 baths, along with private decks, kitchen appliances, and washer/dryers included. Unit 227 Strouse Avenue: Features a finished lower-level family room, laundry area, and bathroom. The basement bathroom remodel is scheduled for completion by the end of June 2026. Unit 229 Strouse Avenue: Offers a versatile lower-level family room that can also serve as a home office or den, along with a dedicated laundry area. Unit 231 Strouse Avenue: Includes a spacious lower-level family room, laundry area, and a full bathroom in the basement. Additional features include: Public water and sewer, Ceiling cable heating, Large private decks for each unit, Kitchen appliances included, Washer and dryer included in each unit, Strong rental potential due to proximity to Penn State University. Monthly condominium fee of $200 per unit covers: Common area maintenance, Exterior maintenance, Building insurance, Lawn care, Snow removal,Trash service. Properties offering three income-producing units in such a prime State College location are seldom available. Conveniently located near shopping, dining, public transportation, and Penn State University, this is an outstanding opportunity for investors seeking stable rental demand and long-term appreciation. Schedule your showing today and take advantage of this unique investment opportunity!

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Multi-Family Coming Soon

Price

$ 735,000

Bedrooms

6

Property Type

Multi-Family

Taxes

$ 6,081

Style

Year Built

1981

Town/City

State College

County/Region

Centre

MLS | Web ID

PACE2519270

Features
General
Living Area 3664
Sewer Public Sewer
Heating Baseboard - Electric Ceiling
Cooling Central A/C
Possession Settlement
Zoning R
Architectural Style Other
Construction Materials Other
School District STATE COLLEGE AREA
Exclusions tenant belongings
Year Built 1981
Property Subtype Other
Tax Year 2025
Ownership Other
Cool Fuel Electric
Municipality PATTON TWP
Gross Income 50475.00
Accessibility None
County CENTRE
Net Operating Income 27481.00
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status COMING SOON
Directions From Woodycrest/Toftrees: Continue on Waddle Road. Turn Right on Strouse Ave - Turn right to continue on Strouse. Property on Right.
City STATE COLLEGE
Number Of Units Total 3
MLS Area Patton Twp (16418)
Number of Units Leased 2
Tax Annual Amount 6081.0
Two Bedroom 3
Structure Type Interior Row/Townhouse
Price Per Sq Ft Total AG 225.18
Acceptable Financing Cash Bank Portfolio
Rent Control Y/N N
Vacation Rental Y/N N
Lease Type Long Term
Standard Status Coming Soon
Year Built Source Assessor
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Interior
Heating Fuel Electric
Basement Partially Finished
Hot Water Electric
Total Stories 2
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N Y
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Exterior
Pool No Pool
Parking Features Paved Parking
Water Source Public
Inclusions Kitchen Appliances Washer/Dryers
Type of Parking Parking Lot
Foundation Details Other
Water View Y/N N
Lot Dimensions 0.00 x 0.00
Waterfront Y/N N
Land Assessed Value 6000.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 227
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* Excluded Features
List By
Perry Wellington Realty, Llc

Broker

annette@annetteyorksgroup.com

Email

Affordability Calculator

$5,032
Per Month
90%
10%
0%
Monthly Principal & Interest
$4,526
Monthly Property Taxes
$507
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
4110544 Elementary School
4110146 Middle School
State College Area High School High School
Pricing History
DatePricePrice ChangeDescription
6/5/2026$735,000 Listed Price

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227 - 231 Strouse Avenue, State College, PA, 16803 is a Multi-Family Home for sale at $735,000. 227 - 231 Strouse Avenue has 6 bedrooms, 0.0 baths, and was built in 1981. The property's zip code is 16803 which is in State College, PA