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131 N Thomas Street

Bellefonte, PA 16823

– beds
– baths
2,848 sqft
3,484 sqft lot
$87 per sqft
1914 build

Attention Investors! Looking to add a solid property to your investment portfolio? This fully rented up/down duplex situated in the heart of downtown Bellefonte could be exactly what you’ve been waiting for. Well cared for by the current owners/landlords, which is reflected by 2 long-term tenants, a testament to its care & desirability. Each unit delivers a cozy covered porch, Natural gas forced air heat, an equipped kitchen which included a range & refrigerator, comfortable living space, 1 bedroom & 1 full bathroom. Beginning June 1st, 2025, Unit #1 rent will increase to $850/month. Beginning June 1st, 2025, Unit #2 rent will increase to $825/month. Tenants are responsible for cable/internet, electric & Natural Gas. Landlord takes care of water, sewer, refuse, lawn care & snow removal. Located so close to all the charming vibes of downtown Historic Bellefonte to include Bellefonte Waterfront Walkway, Talleyrand Park, fishing along Spring Creek, some of the area’s best local eateries, adorable hometown shops & so much more Bellefonte has to offer its residents. Opportunities like this don’t come along often so don’t delay. Note: Current Owners recently completed a subdivision & separated this duplex from 2 other properties they own next to this property. Their Attorney is in the process of preparing new deeds, once recorded, the properties will be reflected accordingly in WEBIA. Taxes listed are estimated.

Listing courtesy of BRIGHT / RE/MAX Centre Realty

Last checked: Checking… • Last updated May 2, 2025 •

MLS# PACE2514526 —

The Building

Year Built:

1914
Year Built Source:

Assessor
Roof:

Metal
New Construction:

No
Construction Materials:

Stick Built, Vinyl Siding
Building Units Total:

2
Structure Type:

Detached
Architectural Style:

Traditional
Accessibility Features:

None
Foundation Details:

Stone
Basement:

Yes
Basement Type:

Unfinished, Walkout Level
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

2848

Interior

Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

2848
Living Area SqFt:

2,848 Sqft

Financial & Terms

Sale Type:

Standard
Possession:

Settlement

Location

Directions:

From State College, I-99 N take exit 78B toward Bellefonte onto PA-150 N (Benner Pike) continue onto Willowbank St, continue on S Water St go .2 miles turn left on W Lamb St, go past the Gamble Mill on your left, turn left onto N Thomas St to the property on your right.
Latitude:

40.91265000
Longitude:

-77.78312000

The Property

Property Type:

Multi-Family
Property Subtype:

Duplex
Lot Size Units:

Square Feet
Lot Size Acres:

0.08
Lot Size Source:

Estimated
Lot Size Dimensions:

0.00 x 0.00
Lot Dimensions Source:

Assessor
Lot SqFt:

3,484 Sqft
Inclusions:

2 Ranges & 2 Refrigerators
Zoning:

HARB
Zoning Description:

Regulated Historic District, National Register Historic District
Outdoor Living Structures:

Porch(es)
Other Structures:

Above Grade, Below Grade
Waterview:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

32-302-,065-,0000-
Tax Year:

2024
Tax Annual Amount:

$2,800
Tax Assessed Value:

$42,980
Year Assessed:

2025
Total Taxes Payment Frequency:

Annually

Heating & Cooling

Cooling Type:

None
Central Air:

No
Cooling Fuel:

None
Heating:

Yes
Heating Type:

Forced Air
Heating Fuel:

Natural Gas

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Electric
Water Source:

Public

Schools

Elementary School:

Bellefonte
Middle School:

Bellefonte Area
High School:

BELLEFONTE AREA
School District Name:

Bellefonte Area
School District Source:

Listing Agent

The Community

Subdivision Name:

Bellefonte Borough
Pool:

No Pool
Association Recreation Fee:

No
Municipal Trash:

Yes

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

Other Units:

Unit 1,Unit 2
Vacation Rental:

No
One Bedroom Units:

2

Explore the Area

My Commute

From

Sale history

Date	Event	Source	Price	% Change
5/2/25 May 2, 2025	Listed / Active	BRIGHT	$250,000

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This multifamily located in Bellefonte, PA 16823 is currently for sale for $250,000. 131 N Thomas Street is a 2,848 square foot multifamily with – beds and – baths. This multifamily is in the attendance area of Bellefonte Area High School.

Listing Courtesy of: BRIGHT and RE/MAX Centre Realty.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.