820 South Pugh Street State College, PA 16801

$1,250,000
6
Beds
3
Baths
0.19
Acres
2,813
SQFT
444
$/SQFT
$1,250,000
6
Beds
3
Baths
2,813   sf
$444 / sf
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active
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Turnkey student rental investment steps from Penn State University. R3H-zoned 3-unit home rented under a single lease, currently 5 bedrooms/3 full baths/3 kitchens, presently occupied by 8 with permits on file for up to 13 — offering built-in upside for a new owner. Zero vacancy history; same tenant group (Penn State Snowboard Club) in place 4 years running, with plans to continue occupancy and they expect annual rent increases. Recent updates include remodeled kitchens and bathrooms, new deck, and all-new water heaters. Excellent opportunity for investors seeking a stabilized, income-producing property in a high-demand rental market. Permits, rent roll, and financials available upon request. Cash flow and cap rate details provided to qualified buyers.

Turnkey student rental investment steps from Penn State University. R3H-zoned 3-unit home rented under a single lease, currently 5 bedrooms/3 full baths/3 kitchens, presently occupied by 8 with permits on file for up to 13 — offering built-in upside for a new owner. Zero vacancy history; same tenant group (Penn State Snowboard Club) in place 4 years running, with plans to continue occupancy and they expect annual rent increases. Recent updates include remodeled kitchens and bathrooms, new deck, and all-new water heaters. Excellent opportunity for investors seeking a stabilized, income-producing property in a high-demand rental market. Permits, rent roll, and financials available upon request. Cash flow and cap rate details provided to qualified buyers.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Centre
  • Area
    State College Boro
  • Tax Amount
    $6,430
  • Status
    Active
  • Listing #
    PACE2519916
  • Built
    1940
  • Lot Size
    0.19
  • Listed on site
    55 days
  • Listing Agent Id
    802023650300

Listed by:
Kissinger, Bigatel & Brower

Source:
BRIGHT MLS

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School Info

Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions

Exterior features

  • Deck
  • Has garage
  • No Pool
  • Patio
  • Basement

Interior Features

  • Wood Floors
  • Main Floor Bedroom

Style

  • Cape

Property History

DateDays AgoEventNew Price
Aug 27, 202618 days agoPrice decreased100,000 (7%)$1,250,000
Jul 20, 20262 mos agoNew on market$1,350,000
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