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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

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Winter Weather

FEMA Declared Disasters Across Pennsylvania Counties

Flood
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,716$44,592
Home Insurance *$188$2,256
Property Taxes $637$7,644
Electricity $402$4,824
Total$4,943$59,316
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$169,474/yr
40% on housing$148,290/yr
45% on housing$131,813/yr

Pennsylvania FAIR Plan Programs

Insurance Placement Facility of Pennsylvania/FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 8,982Commercial: 984
Total Premiums$5.34M
Total Exposure$1.33B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.5%
8.5%
0%30.0%
Electricity Growth Rate10-year average: 8.4%
8.4%
0%15.0%
Property Taxes Growth Rate2-year average: 0.1%
0.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$201This listing

vs Other Active Listings

Avg $/sqft

ZIP 16803$213
Centre County$197

vs Homes Sold Last Month

Median $/sqft

ZIP 16803$225
Centre County$188

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-07Price change$691,260
2026-06-10Listed for sale$735,000

For Sale by Agent

AgentAnnette Yorks
BrokeragePerry Wellington Realty, LLC

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