Multi-Residential Offices

Southside Commons is an updated townhouse community comprised of 25 units – All 2- or 3-bedroom units. If you are looking to invest in off-campus housing just outside of PSU’s main campus but still close enough to all of the shopping and recreation, look NO further! Southside Commons is nestled in a quiet neighborhood of State College, providing a peaceful experience for students, graduates, and professionals who want to live a little outside downtown and have furnished or unfurnished rental options. All Southside Commons townhomes are located directly on the CATA bus route, close to the YMCA of State College, Westerly Parkway Plaza, Orchard Park, and are an easy commute to downtown and PSU main campus. The community features green space and 35 parking spaces. Please request an NDA from the listing agent for financial details and more information.

610-676 Southgate Dr, State College

Listing courtesy of Kissinger, Bigatel & Brower. Contact: (814) 234-4000

$1,350,000

PACE2519844 MLS

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.

820 S Pugh St, State College

Listing courtesy of Kissinger, Bigatel & Brower. Contact: (814) 234-4000

$875,000

PACE2517818 MLS

Secure a high-performance asset in the heart of Happy Valley. This 1.17-acre creek-front property features two income-producing duplexes (4 units total) with guaranteed cash flow through July 31, 2026. The Investment at a Glance: • Total Monthly Revenue: $5,725 ($68,700 Gross Annual) • Proven Stability: 100% occupied with all leases secured through Summer 2026 • Low Maintenance: Rear duplex features a brand-new shingle roof (2025) • Prime Location: Minutes to Penn State University, Lemont, and Rt. 322. Backs directly to Spring Creek Property Breakdown: • 824 & 828 Elmwood: All-brick duplex featuring two spacious 5BR/2BA units with covered porches, private basements, and a separate laundry room located in the rear of the building. Combined rent: $3,275/month. • 830 & 832 Elmwood: Wood-sided duplex featuring one 1BR unit and one 4BR unit. Combined rent: $2,450/month. Rarely does a property combine this level of acreage, water views, and turnkey rental history in the State College market. Don’t miss this opportunity to add a strong performing asset to your investment portfolio.

824 Elmwood St, State College

Listing courtesy of Prime Realty Services. Contact: 7173052600

$819,000

PACE2517594 MLS

Fully rented four-unit investment property in good condition, ideally located in a picturesque setting just a short distance to Toftrees and Penn State. Situated within the State College Area School District, this property offers strong rental appeal and consistent occupancy. Each unit offers approximately 1,100 square feet of well-designed living space, featuring two bedrooms with closets, including a primary bedroom with an attached half bath, plus an additional full hall bathroom. The oversized living room/dining room area provides generous space for relaxing or entertaining and is filled with great natural light. A separate door leads to a sweeping front porch, adding charm and desirable outdoor living space. The large kitchen is its own dedicated room with abundant cabinet storage and space for a small eat-in table, offering both functionality and comfort. Tenants enjoy access to a basement coin-operated washer and dryer, along with private storage areas. The expansive 4-acre lot provides plenty of yard space and paved parking, enhancing the property's convenience and appeal. A solid opportunity in a desirable location with strong rental fundamentals. Call today to see if this amazing rare investment is right for your portfolio.

2990 Buffalo Run Rd, Bellefonte

Listing courtesy of Kissinger & Associates LLC. Contact: 8142372852

$735,000

PACE2519270 MLS

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! *Photos are virtually stage and of only the vacant property currently*

227 - 231 Strouse Ave, State College

Listing courtesy of Perry Wellington Realty, LLC. Contact: (814) 273-1446

$469,000

PACE2515936 MLS

FOUR (4) UNIT INVESTMENT PROPERTY near Penn State University, the Village of Lemont, and downtown State College. Ideal for investors or an owner-occupant seeking affordable living — live in one unit and lease the other three. Situated on a 0.34-acre lot, the property includes two duplex-style buildings: Units 829 Suite A and Suite B are charming one-bedroom apartments, 831 is a meticulously kept two-story, two-bedroom apartment, and 833 is a large one-bedroom apartment with a formal living room, fireplace, a sunroom, and a porch. All units are leased through 2026. With some renovation, an older attached garage offers potential for added storage or another income stream. With strong rental demand and room for future rent increases, this property presents an excellent long-term investment. 24 Hour Notice Required so schedule your showing today!

829-833 Elmwood St, State College

Listing courtesy of Kissinger, Bigatel & Brower. Contact: (814) 234-4000

$449,000

PACE2519386 MLS

Unique State College property with an A-frame home, separate garage apartment, beautiful outdoor space, and a convenient location just 3 miles from Penn State campus, Beaver Stadium, and downtown State College. The main home features classic A-frame character with soaring vaulted ceilings, large windows, and great natural light. An addition provides two spacious bedrooms and a bathroom with a step-in shower stall. Above the addition is a large 35' x 16' unfinished storage room, offering excellent storage or potential for additional finished living space. The seller recently had the crawl space professionally insulated and encapsulated. Outside, enjoy a large deck, private yard, mature trees, and a peaceful setting. The property also includes a two-car garage with a very nice one-bedroom apartment above it. The apartment features an open kitchen and living room, large bathroom, walk-in closet, washer and dryer, and a private deck with great views. The apartment has an active rental permit, adding excellent flexibility for rental income, guest space, or extended living arrangements. A rare opportunity with character, privacy, income potential, and a prime State College location.

159 Lower Grandview Rd, State College

Listing courtesy of RE/MAX Centre Realty. Contact: 8142318200

$239,900

WB-103576 MLS

Looking for a property that works as hard as you do? This unique three-unit investment in Avis sits on a generous half-acre lot, offering the perfect blend of immediate cash flow and future flexibility. Whether you're looking to maintain it as a steady multi-family rental, take advantage of the prime space to launch a home-based business, or convert the entire structure back into a sprawling single-family estate, the bones and the acreage are here to make it happen. With a lot this size, you have the rare luxury of space for parking, expansion, or a massive private backyard.

2435 WOODWARD AVENUE, Lock Haven

Listing courtesy of Adventure Realty - Montoursville. Contact:

$239,900

WB-103313 MLS

Clinton County / Lock Haven 2 unit for sale. FULL VIDEO TOUR AVAILABLE. JUST ASK. 3 BR's each side, tenants pay own utilities, gas heat, 2 car plus block garage included. great to live in one unit and rent out the other unit, investors, take a look. ask about special financing programs available. 48 hours notice for showings. current rents are $975 per month (125 side) and $1050 per month (123 side) month to month leases. owner pays garbage. tenants pay other utilities,

123 S JONES STREET, Lock Haven

Listing courtesy of CENTURY 21 1ST CHOICE REALTY. Contact:

$225,000

PACE2519318 MLS

Up/Down Duplex in the heart of downtown Bellefonte. Great opportunity to invest, owner occupy or do both. The main floor unit: spacious living room, eat in kitchen, one bedroom, one full bathroom and covered patio. The second floor unit: private interior staircase, light and bright living room, eat in kitchen, two bedrooms, one full bathroom and a covered porch. Hardwood floors, large covered front porch, metal roof, natural gas, brick exterior, a newer roof in 2019 and newer electrical service entry and panels in 2021. Washer and dryer conveniently located in the basement. Full of charm and character. Located just minutes from Masulla Park, Talleyrand Park, The Match Factory, world-renowned Spring Creek and Bellefonte's shopping and dining. Floor plans in photos.

224 E Bishop St, Bellefonte

Listing courtesy of Kissinger, Bigatel & Brower. Contact: (814) 234-4000

$215,000

WB-104356 MLS

Excellent investment opportunity! This duplex offers a spacious 3 bedroom first floor unit and a 1 bedroom second floor unit, making it ideal for investors or owner occupants. Live in one while renting the other apartment to help offset your mortgage, or rent both units for added income potential. Tenants pay their own electric, including electric heat. The owner pays water, sewer, and trash. Whether you're expanding your investment portfolio or purchasing your first income-producing property, this versatile duplex offers flexibility and long-term potential.

220 W CLINTON STREET, Lock Haven

Listing courtesy of CENTURY 21 1ST CHOICE REALTY. Contact:

$199,900

WB-103378 MLS

Currently used as a 3 unit. two residential apartments and a large garage with separate power. property could be converted into a single family home. spacious lot 120 x 150 in size. tenants pay their own utilities. lots of off street parking. easy access to Rt 220 for commuters to State College, Williamsport, Lock Haven or State lands & other outdoor recreation areas. easy walk to public park.

407 FAIRVIEW STREET, Avis

Listing courtesy of CENTURY 21 1ST CHOICE REALTY. Contact:

$194,900

WB-104074 MLS

Excellent investment opportunity featuring a versatile two-unit property. The primary unit offers 3 bedrooms and 1 full bathroom with comfortable living space and strong rental potential. The second unit provides flexibility for additional income and could be configured as a 1-bedroom, 1-bathroom apartment, making it ideal for tenants, guests, or owner-occupancy. Conveniently located near local amenities, this property presents an excellent opportunity for investors or buyers seeking supplemental income.

424 WRIGHT STREET, Lock Haven

Listing courtesy of SWC Realty. Contact:

$190,000

PACE2517496 MLS

Well-maintained duplex located at 230 & 232 E Bishop St in Bellefonte. This two-unit property offers a solid investment opportunity or owner-occupant potential in a convenient in-town location. Each unit has a separate entrance and utilities. Both with brand new split HVAC system! Close to downtown Bellefonte, shopping, dining, schools, and local amenities. Ideal for investors looking for rental income or buyers seeking a multifamily property with strong long-term potential.

230 E Bishop St, Bellefonte

Listing courtesy of The Greene Realty Group. Contact: 8882785840

$153,000

WB-103680 MLS

Downtown location with 2 apartments in good condition and fully leased Each unit has two bedrooms. Great opportunity to live in one unit and have your mortgage paid by your tenant in the other unit. 24 Hour Showing Notice Please--Tenant Occupied. Professionally managed by Davis Real EState Inc.

60 E CHURCH STREET, Lock Haven

Listing courtesy of DAVIS REAL ESTATE INC.. Contact:

$149,900

WB-103714 MLS

This recently remodeled 2 unit is the perfect home for the savvy investor, fully rented and ready to cash flow. Two units each with 1 bedroom and 1 bathroom.

19 E WATER STREET, Lock Haven

Listing courtesy of ANCHOR REALTY, LLC. Contact:

$145,000

PACE2519480 MLS

Investment opportunity featuring two rental units situated on a single parcel. The property includes 110 Belko Lane, a spacious four-bedroom, two-bath residence, and 1551 Black Moshannon Road, a one-bedroom, one-bath home offering approximately 438 finished square feet. Both units are currently tenant occupied, providing immediate income potential. Current monthly rents are $800 for 110 Belko Lane and $400 for 1551 Black Moshannon Road, with the owner covering water and sewer expenses. Rental rates may offer future upside for investors seeking to optimize income while maintaining affordability for tenants.

110 Belko Ln, Philipsburg

Listing courtesy of Linn Realty. Contact: (814) 353-7355

$135,000

PACL2025540 MLS

This duplex in Lock Haven presents an excellent investment opportunity with both units currently leased through November 2026, providing immediate rental income. The main level unit features 2 bedrooms, 1 full bath, an eat-in kitchen, and oil forced-air heat. The second-floor unit also offers 2 bedrooms and 1 full bath and is heated with electric baseboard heat. Off-street parking is available for both units. The property also features a newer roof for added peace of mind. Seller is offering a $5,000 credit toward separating the electric service into individual meters. Whether you’re looking to expand your portfolio or start investing in income-producing property, this well-maintained duplex is worth a look.

442 S Fairview Street, Lock Haven

Listing courtesy of Perry Wellington Realty, LLC. Contact: (814) 273-1446

$98,000

PACL2025604 MLS

Excellent investment opportunity or owner-occupant property! This well-maintained duplex could offer two income-producing units, plus additional potentially rental with a detached garage currently leased for extra monthly income. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property offers flexibility and strong earning potential. Conveniently located near shopping, schools, parks, and major commuter routes, this is an opportunity you won't want to miss. Buyers are required to show pre approval letter or proof of funds prior to any showings permitted.

141-143 Third St, Renovo

Listing courtesy of Swc Realty, LLC. Contact: (570) 748-3211

$98,000

WB-104414 MLS

Excellent investment opportunity or owner-occupant property! This well-maintained duplex could offer two income-producing units, plus additional potentially rental with a detached garage currently leased for extra monthly income. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the others, this property offers flexibility and strong earning potential. Conveniently located near shopping, schools, parks, and major commuter routes, this is an opportunity you won't want to miss. Buyers are required to show pre approval letter or proof of funds prior to any showings permitted.

141-143 3RD STREET, Renovo

Listing courtesy of SWC Realty. Contact:

$75,000

WB-104395 MLS

This multi unit property is currently in need of major renovation and is currently under multiple violations with the City of Lock Haven. Those violations will need to be satisfied prior to anyone occupying the property.

329 E MAIN STREET, Lock Haven

Listing courtesy of SWC Realty. Contact:

Multi-Residential Listings On the Market Now!