$385,000
SOLD AUG 8, 2025

University Gateway Apartments 616 E College Ave Unit 606 State College, PA 16801

2 Beds
2 Baths
975 Sq Ft
$245/mo HOA Fee

Recently Sold

$395 Per Sq Ft

1% Below List Price

13 Days on Market

Highlights

  • 1 Fireplace
  • Living Room
  • Electric Baseboard Heater
  • Easterly Parkway Elementary School Rated A
  • Luxury Vinyl Plank Tile Flooring
  • Property is in very good condition

About This Home

As of August 2025

Looking to start or expand your student rental portfolio in State College/PSU, then this exceptional opportunity is for you. This 2-bedrooms, 2-full bathrooms condo with LVP flooring in living room, hallway and kitchen area, carpet in 2 bedrooms. This unit is ready to go. Located in the heart of downtown, just across from Penn State main campus. Very strong rental history. Furniture package and an active rental permit included. 24-hour notice needed. Currently leased through Aug. 2025($2600/month)

Last Agent to Sell the Property

Jie Peng

RE/MAX Centre Realty License #RS325918 Listed on: 04/29/2025

RE/MAX Centre Realty

Last Buyer's Agent

Eric Hurvitz

RE/MAX Centre Realty License #RS303749

RE/MAX Centre Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,637

Year Built

  • Built in 1985

HOA Fees

  • $245 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Entry on the 6th floor
  • Brick Exterior Construction

Interior Spaces

  • 975 Sq Ft Home
  • Partially Furnished
  • 1 Fireplace
  • Living Room
  • Laundry on main level

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Electric Water Heater

Additional Features

  • Accessible Elevator Installed
  • Property is in very good condition

Listing and Financial Details

  • Assessor Parcel Number 36-014-,006-,0606-

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, lawn maintenance, sewer, trash, water, snow removal
  • Mid-Rise Condominium
  • University Gateway Subdivision
  • Property has 6 Levels

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,637

Year Built

Built in 1985

Lot Details

0

HOA Fees

$245 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Mid-Rise 5 - 8 Floors
  • Architectural Style: Unit/Flat
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1985
  • Automatically Close On Close Date: No
  • Remarks Public: Looking to start or expand your student rental portfolio in State College/PSU, then this exceptional opportunity is for you. This 2-bedrooms, 2-full bathrooms condo with LVP flooring in living room, hallway and kitchen area, carpet in 2 bedrooms. This unit is ready to go. Located in the heart of downtown, just across from Penn State main campus. Very strong rental history. Furniture package and an active rental permit included. 24-hour notice needed. Currently leased through Aug. 2025($2600/month)
  • Washer Dryer Hookups YN: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Entry Floor: 6
  • Flooring Type: Carpet, Luxury Vinyl Plank
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Other
  • Levels Count: 6
  • Room List: Living Room, Bedroom 2, Kitchen, Bedroom 1
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 975
  • Living Area Sq Ft: 975
  • Price Per Sq Ft: 400.00
  • Above Grade Finished Sq Ft: 975
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 616

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Road Surface Type: Paved
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Security: Main Entrance Lock
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 245.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Sewer, Trash, Water, Snow Removal
  • HOA: No
  • Senior Community: No

Schools

  • School District: STATE COLLEGE AREA
  • School District Key: 801909430994
  • School District Source: Listing Agent

Lot Info

  • Lot Dimensions: 0.00 x 0.00
  • Property Condition: Very Good
  • Year Assessed: 2025
  • Zoning: R

Rental Info

  • Furnished: Partially
  • Pets Allowed: No
  • Vacation Rental: No

Tax Info

  • School Tax: 1645.00
  • Tax Annual Amount: 2637.00
  • Assessor Parcel Number: 36-014-,006-,0606-
  • Tax Total Finished Sq Ft: 975
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 08/08/2025

MLS Schools

  • School District Name: STATE COLLEGE AREA

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2025 08/08/25 Sold $385,000 -1.3% $395 / Sq Ft
05/12/2025 05/12/25 Pending -- -- --
04/29/2025 04/29/25 For Sale $390,000 +18.2% $400 / Sq Ft
02/26/2019 02/26/19 Sold $330,000 -4.3% $338 / Sq Ft
01/31/2019 01/31/19 Pending -- -- --
01/01/2019 01/01/19 For Sale $345,000 -- $354 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jie Peng

    Seller's Agent in 2025

    Jie Peng

    RE/MAX

    (814) 404-9949

    115 Total Sales

    Jie Peng
    Section Image
  • Eric Hurvitz

    Buyer's Agent in 2025

    Eric Hurvitz

    RE/MAX

    (814) 883-9880

    302 Total Sales

    Eric Hurvitz
    Section Image
  • Jennifer Zhou

    Buyer's Agent in 2019

    Jennifer Zhou

    Coldwell Banker Residential Brokerage - Princeton

    (814) 321-7255

    101 Total Sales

    Jennifer Zhou
    Section Image
See All Agents

About University Gateway Apartments

Map

Source: Bright MLS

MLS Number: PACE2514454

Bright MLS
Pennsylvania Centre County State College 16801

616 E College Ave Unit 606, State College, PA

This home is located at 616 E College Ave Unit 606, State College, PA 16801 and is currently priced at $385,000, approximately $394 per square foot. This property was built in 1985. 616 E College Ave Unit 606 is a home located in Centre County with nearby schools including Easterly Parkway Elementary School, Mount Nittany Middle School, and State College Area High School.

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