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415 College Ave State College, PA 16801

53 Units, Prime Campus Location

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
137
This seven-story, 49,750-square-foot apartment building in State College, PA, offers a unique investment opportunity. Located steps from Pennsylvania State University's University Park campus (49,000+ students), this 1971-built property (renovated in 2011) boasts 53 one-bedroom units, all currently leased for the 2023-2024 academic year. The building sits on a 14,810-square-foot lot at 415 W College Ave, 16801, and benefits from a highly desirable location, with below-market rents presenting a significant upside potential of at least $50 per unit per month. Each unit averages 567 square feet and includes modern kitchens and baths. Shared laundry facilities are available on-site. The property's prime location offers easy access to numerous amenities, including restaurants, shops, and entertainment venues, along with convenient public transportation. This is a rare chance to acquire a fully occupied, high-demand student housing asset with substantial rental growth potential in a thriving university town. All utilities are included in rent except cable and internet.

Highlights

  • Prime campus location: Steps from Pennsylvania State University.
  • 100% occupancy for the 2023-2024 academic year.
  • Significant rental upside: $50+ per unit per month potential increase.
  • High-demand location adjacent to Penn State University Park campus (49,000+ students).
  • All one-bedroom units.
  • Walkable to numerous restaurants, shops, and entertainment venues.

Property Details for 415 College Ave

Property type
Dormitories, Student housing
Square Feet
49,750 SF
Class
C
Year Built/Renovated
1971/2011
Buildings
1
Stories
7
Units
53

Location Insight

City
State College
County
Centre
State
Pennsylvania
Latitude
40.7915681
Longitude
-77.8658863

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FAQs

What type of property is this?
Dormitory - 53 Units, Prime Campus Location
Where is the dormitory located?
The property is located at 415 College Ave State College, PA.
What are key features of this property?
This property features: Prime campus location: Steps from Pennsylvania State University.; 100% occupancy for the 2023-2024 academic year.; Significant rental upside: $50+ per unit per month potential increase.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Ken Wellar
Ken Wellar
Luke DeLuca
Luke DeLuca
Visit Broker Website

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Useful Information

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College Ave
State College, PA 16801

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College Ave
State College, PA 16801

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

415 College Ave
  • Ken Wellar
    Ken Wellar
  • Luke DeLuca
    Luke DeLuca
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