Student Rental Portfolio in State College

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103 Westerly Parkway, State College, PA 16801

For Sale

936 - 1,975 SF

Student Rental Portfolio in State College

103 Westerly Parkway, State College, PA 16801

For Sale

± 0 SF

Property Details

Property Type:

Multi Family, Commercial

Price:

$1,600,000

Vacant Space:

0 SF

Zoning:

Residential

Building Status:

Existing

Number of Units:

4

Property Features

Property Highlights

Student housing portfolio with 4 properties
Three of the four properties are leased for 2024-2025 school year
Within walking/driving distance of Penn State University
Strong rental market
2 single family homes, a residential condo, and a double

Project Description

Add four student rentals in State College to your real estate portfolio! Penn State University demands a constant supply of rental properties due to its high population of students (47,000) and employees (44,000). The portfolio is almost fully occupied for the 2024-2025 school year and consists of 2 single family homes, a condo unit, and a double. They all reside in State College and are a short walk/drive to the university. Capitalize on the thriving, dynamic rental market in State College with this portfolio! Contact us for more property information.

Location Description:

State College, PA is a college town in Central PA, which hosts ~47,000 students attending Penn State University 8 months out of the year. The university drives the strong rental market as it’s the largest public university in Pennsylvania and the 9th largest college in the U.S.