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227-231 Strouse Ave, State College, PA, 16803

6beds
7baths
3,664sqft
$735,000
$201price/sqft
$4,943/moest. monthly cost
$197,720/yrincome needed

About This Home

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*

Getting Around

76
WalkingVery Walkable
36
TransitSome Transit
61
BikeBikeable

Schools

7/10
Park Forest El SchoolGrades K-51.3 mi
9/10
10/10

Construction

Condition

  • Property condition: Very Good
  • Year built: 1981

Materials

  • Foundation: Other
  • Construction materials: Other

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Electric Water Heater

Basement

  • Area: 400

Basement

  • Has basement: Yes
  • Basement: Partially Finished

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 7

Heating & Cooling

  • Heating features: Baseboard,Ceiling,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 3,664
  • Total interior livable area: 3,664 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 18013,053B,0227
  • Zoning: R
  • Special condition: Standard
  • Exclusions: Tenant Belongings

Features

  • Pool features: None

Lot

  • Lot size dimensions: 0.00 x 0.00

Parking

  • Total spaces: 8
  • Parking features: Paved,Parking Lot