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Marjorie Dick Stuart

  • Cell 240-731-8079
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500 & 506 W College Ave, STATE COLLEGE, PA – $4,150,000

  • $4.2M Price
  • 12,616 Sqft
  • .33 Acres
  • 17 DOM
  • $4.2M Price
  • 12,616 Sqft
  • .33 Acres
  • 17 DOM

500 & 506 W College Ave

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.

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Essential Information

  • MLS® #PACE2516026
  • Price$4,150,000
  • Bathrooms0.00
  • Square Footage12,616
  • Acres0.33
  • Year Built1907
  • TypeCommercial Sale
  • Sub-TypeFive Or More Units
  • StatusActive

Community Information

  • Address500 & 506 W College Ave
  • AreaState College Boro (16436)
  • SubdivisionSTATE COLLEGE BORO
  • CitySTATE COLLEGE
  • CountyCENTRE-PA
  • StatePA
  • MunicipalitySTATE COLLEGE BORO
  • Zip Code16801

Interior

  • HeatingSteam
  • CoolingNone

Exterior

  • ExteriorBrick and Siding
  • RoofShingle

School Information

  • DistrictSTATE COLLEGE AREA

Additional Information

  • Date ListedAugust 22nd, 2025
  • Days on Market17
  • ZoningUV

Listing Details

  • OfficeKissinger, Bigatel & Brower
  • Office Contact(814) 234-4000
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Listing information last updated on September 7th, 2025 at 8:03pm CDT.