




227-231 Strouse Ave, State College, PA, 16803
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
Schools
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
How This Home’s Risks Compare
FEMA Declared Disasters Across Pennsylvania Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,716 | $44,592 |
| Home Insurance * | $188 | $2,256 |
| Property Taxes | $637 | $7,644 |
| Electricity | $402 | $4,824 |
| Total | $4,943 | $59,316 |
Income You'd Need if You Spent...
Pennsylvania FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-07 | Price change | $691,260 |
| 2026-06-10 | Listed for sale | $735,000 |
