1317-1319 University Dr, State College, PA 16801

Property Description

A standout investment opportunity in State College Borough, this fully leased duplex offers established STUDENT HOME LICENSES & RENTAL PERMITS plus unbeatable proximity to Penn State University, a combination that continues to drive strong, reliable demand. Situated along the CATA bus route, the property benefits from consistent tenant interest in a highly desirable location. Each unit is approximately 900 sq. ft. & features hardwood floors, a comfortable living room, a kitchen with included refrigerators & ranges, 2 bedrooms, 1 full bathroom & unfinished basements that provide ample storage. Both units are separately metered with tenants responsible for all utilities & the property is heated with electric ceiling heat. Zoned R 2 and well maintained, this duplex offers a low maintenance addition to any portfolio. Unit 1317 is leased at $950/month through 7/29/26 (tenant will be vacating by 7/29/26), while Unit 1319 is leased at $1,275/month plus a $160/month pet fee through 7/29/26. Additional highlights include ample off street parking & a large, flat backyard. With its solid rental history & a prime location, this property is a smart & seamless investment opportunity. This sale will be part of a 1031 Exchange. Buyer will be responsible for crediting the Seller for final water, sewer & trash at settlement.