820 S Pugh St, State College, PA 16801

State College
Local realty services provided by:ERA Martin Associates
820 S Pugh St,State College, PA 16801
$1,350,000
  • 5 Beds
  • - Baths
  • 2,813 sq. ft.
  • Multi-family
  • Active
Listed by: ellen kline
Office: kissinger, bigatel & brower
MLS#:PACE2519844
Source:BRIGHTMLS

Price summary

  • Price:$1,350,000
  • Price per sq. ft.:$479.91

About this home

Turnkey student rental investment steps from Penn State University. R3H-zoned 3-unit home rented under a single lease, currently 5 bedrooms/3 full baths/3 kitchens, presently occupied by 8 with permits on file for up to 13 — offering built-in upside for a new owner. Zero vacancy history; same tenant group (Penn State Snowboard Club) in place 4 years running, with plans to continue occupancy and they expect annual rent increases. Recent updates include remodeled kitchens and bathrooms, new deck, and all-new water heaters. Excellent opportunity for investors seeking a stabilized, income-producing property in a high-demand rental market. Permits, rent roll, and financials available upon request. Cash flow and cap rate details provided to qualified buyers.

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Home facts

  • Year built:1940
  • Listing ID #:PACE2519844
  • Added:5 day(s) ago
  • Updated:July 20, 2026 at 01:41 PM

Rooms and interior

  • Bedrooms:5
  • Flooring:Hardwood
  • Kitchen Description:Refrigerator
  • Basement:Yes
  • Basement Description:Connecting Stairway, Outside Entrance
  • Living area:2,813 sq. ft.

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Roof:Shingle
  • Year built:1940
  • Building area:2,813 sq. ft.
  • Lot area:0.19 Acres
  • Lot Features:Downtown
  • Architectural Style:Cape Cod
  • Construction Materials:Aluminum Siding, Stick Built
  • Exterior Features:Patio(s), Sidewalks
  • Foundation Description:Block

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,350,000
  • Price per sq. ft.:$479.91
  • Tax amount:$6,430 (2025)

Parking

  • Parking description:Alley, Asphalt Driveway, Attached Garage, Garage - Front Entry, Paved Driveway
  • Garage:Yes
  • Garage spaces:1

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