$819,000
$31K PRICE DROP

Estimated payment $4,984/month

Total Views 12,918
Studio
-- Bath
4,356 Sq Ft
$188 Price per Sq Ft

Highlights

  • 4 Acre Lot
  • Mountain View
  • Laundry Facilities
  • Park Forest Elementary School Rated A
  • Water Conditioner is Owned
  • Radiant Heating System

About This Home

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.

Listing Agent

Matt Cover

(814) 237-2852 chloe@kissingerrealestate.com Kissinger & Associates LLC Brokerage Phone: 8142372852 License #RS304938 Listed on: 02/27/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,724

Year Built

  • Built in 1970 | Remodeled in 2020

Lot Details

  • 4 Acre Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Block Foundation
  • Architectural Shingle Roof

Interior Spaces

  • 4,356 Sq Ft Home
  • Mountain Views

Kitchen

  • Electric Oven or Range
  • Dishwasher

Laundry

  • Electric Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • Driveway
  • Paved Parking
  • Parking Lot

Utilities

  • Radiant Heating System
  • Well
  • Electric Water Heater
  • Water Conditioner is Owned
  • Municipal Trash
  • On Site Septic

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 18-002-,102-,0000-

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,724

Year Built

Built in 1970 | Remodeled in 2020

Lot Details

4 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Exclusions: Tenants possessions
  • Historic: No
  • Inclusions: kitchen appliances (4), Coin-op washer and dryer in basement
  • New Construction: No
  • Year Built: 1970
  • Year Renovated: 2020
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Oven/Range - Electric, Refrigerator, Water Conditioner - Owned, Washer, Dryer - Electric
  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Basement, Common
  • Total Sq Ft: 4356
  • Living Area Sq Ft: 4356
  • Price Per Sq Ft: 188.02
  • Above Grade Finished Sq Ft: 4356
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Roof: Architectural Shingle
  • Spa: No
  • View: Mountain
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway, Paved Parking
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Radiant
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock
  • Sewer/Septic System: On Site Septic
  • Water Source: Well
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • School District Source: Listing Agent

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 4.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 174240.00
  • Property Condition: Good
  • Zoning: CA

Rental Info

  • Existing Lease Type: Yearly
  • Ground Rent Exists: No
  • Lease Considered: No
  • Owner Pays: Common Area Maintenance, Insurance, Lawn/Shrub Care, Pest Control, Repairs, Sewer, Sewer Maintenance, Snow Removal, Taxes - Real Estate, Trash Collection, Water
  • Rent Control: No
  • Total Actual Rent: 62088.00
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 5005.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 6724.00
  • Assessor Parcel Number: 18-002-,102-,0000-
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

Multi Family

  • Other Units: Unit 1,Unit 1,Unit 1,Unit 1

MLS Schools

  • School District Name: STATE COLLEGE AREA

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $6,889 $94,500 $34,500 $60,000
2025 $6,583 $94,500 $34,500 $60,000
2024 $6,141 $94,500 $34,500 $60,000
2023 $6,141 $94,500 $34,500 $60,000
2022 $5,994 $94,500 $34,500 $60,000
2021 $5,994 $94,500 $34,500 $60,000
2020 $5,994 $94,500 $34,500 $60,000
2019 $4,355 $94,500 $34,500 $60,000
2018 $5,811 $94,500 $34,500 $60,000
2017 $5,747 $94,500 $34,500 $60,000
2016 -- $94,500 $34,500 $60,000
2015 -- $94,500 $34,500 $60,000
2014 -- $94,500 $34,500 $60,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/16/2026 04/16/26 Price Changed $819,000 -3.6% $188 / Sq Ft
02/27/2026 02/27/26 For Sale $850,000 -- $195 / Sq Ft
Source: Bright MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Deed $500,000 None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $273,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Closed $1,030,000 New Conventional
Closed $130,000 Credit Line Revolving
Closed $379,700 New Conventional
Closed $90,000 Commercial
Closed $400,000 Commercial
Closed $40,000 Future Advance Clause Open End Mortgage
Closed $246,700 Commercial
Source: Public Records

Source: Bright MLS

MLS Number: PACE2517594

Bright MLS
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