Pending

MLS: #PACE2518834, Listed By: Ryan Lowe, RE/MAX Centre Realty, Source:Bright MLS

1355-1357 University Drive

STATE COLLEGE, PA 16801

$425,000 $1,791/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

1,800

Sqft

0.27

Acre(Lot)

Description

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 area’s 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.

Property Details

Property Type : Residential Income

Price : $425,000

AD Id : 78033958

MLS Id : PACE2518834

Beds : 4

Lot Size : 0.27 Acre

Living Area Size : 1,800

Year Built : 1970

County : CENTRE

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 4

Room Information

Has Basement: Yes Basement: Unfinished
Flooring Information

Hardwood, Vinyl
Interior Features

Appliances: Electric Water Heater
Heating & Cooling

Has Heating: Yes Heating: Electric, Ceiling Cooling: None

Building Information

Year Built: 1970 Building Area Total: 1800 Construction Materials: Brick Pool Features: None Private Pool: No

Lot Information

Lot Dimensions: 0.00 x 0.00 Lot Size Acres: 0.27 Lot Size Source: Assessor Lot Size Square Feet: 11761

Listing Price Information

Listing Price: $425000

Tax Information

Parcel Number: 36-023-,193-,0000- Tax Year: 2025 Annual Tax: $5415

Parking Information

Off Street

Location Information

Direction: S Atherton St to University Dr, to the property on your right. WaterSource: Public

Sell a home like this and save $25,001 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
824 Elmwood Street, State College, PA, 16801	$875,000	10	--	7,680	7,680 SqFt
829-833 Elmwood Street, State College, PA, 16801	$469,000	5	--	2,981	2,981 SqFt
610-676 Southgate Drive, State College, PA, 16801	$5,595,000	58	--	960	960 SqFt

Similar Multifamily To 1355-1357 University Drive

Nearby For Sale

Active

$469,000

Multifamily For Sale

829-833 Elmwood Street,
State College, PA, 16801

Bed

Sqft

Acre(Lot)

824 Elmwood Street,
State College, PA, 16801

Bed

Sqft

Acres(Lot)

610-676 Southgate Drive,
State College, PA, 16801

Bed

960

Sqft

2.36

Acres(Lot)

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 06/15/2026 @ 12:27

MLS: PACE2518834 LISTED BY: Ryan Lowe, RE/MAX Centre Realty 814-231-8200 SOURCE: Bright MLS