616 E College Avenue Unit 606
State College, PA 16801
- 2 beds
- 2 baths
- 975 sqft
- $400 per sqft
- 1985 build
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 checked:
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Last updated Apr 29, 2025
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MLS# PACE2514454 —
The Building
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Year Built:1985
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Brick
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Unit Building Type:Mid-Rise 5 - 8 Floors
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Structure Type:Unit/Flat/Apartment
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Architectural Style:Unit/Flat
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Levels:6
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Entry Floor Number:6
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Security Features:Main Entrance Lock
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Accessibility Features:Elevator
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Foundation Details:Other
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Basement:No
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Unit Number:606
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Total SqFt Source:Estimated
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Total Below Grade SqFt Source:Assessor
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Above Grade Finished Area Units:Square Feet
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Above Grade Unfinished Area Units:Square Feet
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Above Grade Finished SqFt:975
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Above Grade Finished SqFt Source:Assessor
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Above Grade Unfinished SqFt Source:Estimated
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Below Grade Finished Area Units:Square Feet
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Below Grade Unfinished Area Units:Square Feet
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Below Grade Finished SqFt Source:Assessor
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Below Grade Unfinished SqFt Source:Assessor
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Tax Total Finished SqFt:975
Interior
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Room List:Living Room, Bedroom 2, Kitchen, Bedroom 1
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Flooring Type:Carpet, Luxury Vinyl Plank
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Fireplace:Yes
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Fireplaces:1
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:975
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Living Area SqFt:975 Sqft
Financial & Terms
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Sale Type:Standard
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Possession:Subject to Existing Lease
Location
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Directions:From N Atherton onto Beaver Ave, left onto High St, right onto E College Ave, building is on the right.
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Latitude:40.80075000
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Longitude:-77.85301000
The Property
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Property Type:Residential
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Property Condition:Very Good
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Lot Size Dimensions:0.00 x 0.00
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Lot Dimensions Source:Assessor
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Zoning:R
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Road Surface Type:Paved
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (814) 231-8200
- Office phone:
- (814) 231-8200
Taxes
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Tax ID Number:36-014-,006-,0606-
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Tax Year:2024
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Tax Annual Amount:$2,637
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Tax Assessed Value:$32,305
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Year Assessed:2025
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School Tax:1645.0
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County Tax:253.00
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City/Town Tax:739.00
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Total Taxes Payment Frequency:Annually
Beds
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Bedrooms:2
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Bedrooms Main Level:2
Baths
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Total Baths:2
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Full Baths:2
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Main Level Baths:2.00
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Main Level Full Baths:2
Heating & Cooling
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Cooling Type:Wall Unit
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Baseboard - Electric
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Heating Fuel:Electric
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Appliances
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Laundry Type:Main Floor
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Washer/Dryer/Hook Up in Unit:No
Schools
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School District Name:State College Area
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School District Source:Listing Agent
The Community
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Subdivision Name:University Gateway
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Senior Community:No
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Pool:No Pool
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HOA:No
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Condo/Coop Association:Yes
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HOA/Condo/Coop Amenities:Other
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Condo/Coop Fee:$245
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Condo/Coop Fee Frequency:Monthly
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HOA/Condo/Coop Fee:Common Area Maintenance, Ext Bldg Maint, Insurance, Lawn Maintenance, Sewer, Trash, Water, Snow Removal
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Vacation Rental:No
Monthly cost estimate

Asking price
$390,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,088
|
Taxes | $219 |
Insurance | $107 |
HOA fees | $245 |
Utilities | $135 See report |
Total | $2,794/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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4/29/25
Apr 29, 2025
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Listed / Active | BRIGHT | $390,000 |