500 & 506 W College Ave
$4,150,000
500 & 506 W College Ave, State College, PA 16801
For Sale
Multifamily
Active
Last Updated: 09/30/2025
12,616 sqft
Building Size
1907
Year Built
Details:
Building Size: 12,616 sqft
Year Built: 1907
Price Per Sqft: $328.95
Zoning: UV
Roof: Shingle
Highlights:
- Days on Market: 21
- Heating: Steam
Description:
If location matters and income matters, this listing is for you! Three brick buildings on three adjoining parcels offer 15 rental units in walking distance to PSU campus. Rarely do these opportunities go public. Each building has 5 units with a total of 31 bedrooms and 15 baths. Always rented with rare vacancies. Buildings are in good condition with diversity of floor plans in each unit. Strong income and Net Operating Income. Contact listing agent for NDA, APOD and NOI. 48-72 hrs. advance notice needed for all showings. Third building address: 110 S Barnard Street. Currently zoned Urban Residential. Ask for zoning map for potential zoning improvements.
Location
Gallery
