Prime investment opportunity in the heart of downtown State College. This 3-bedroom, 2-bath student rental offers immediate income with a lease in place through 2027. The property features an all-brick exterior, hardwood floors, and original charm throughout. Thirteen parking spaces located at the rear of the property provide additional income potential. Don’t miss this excellent opportunity to own an income-producing property just steps from Penn State University. Seller would ideally like to sell 300 S Burrowes, a downtown office building (which can be converted into a student rental), in conjunction with this one.
Sold for $610,000
$610,000
305 S Burrowes St, State College, PA 16801
3beds
2,100sqft
Single Family Residence
Built in 1925
7,405 Square Feet Lot
$600,900 Zestimate®
$290/sqft
$2,603 Estimated rent
Home value
$600,900
$571,000 - $631,000
$2,603/mo
Zestimate® history
Owner options
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$3,788/mo
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List your homeWhat's special
All-brick exteriorThirteen parking spacesHardwood floors
Zillow last checked:
Listing updated:
Listed by:
Marc Mcmaster 814-360-6961,
RE/MAX Centre Realty
Bought with:
Rick Swanger, RS182055L
RE/MAX Centre Realty
Ginger Swanger, RS207632L
RE/MAX Centre Realty
Source: Bright MLS,MLS#: PACE2516706
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
Basement
- Area: 0
Heating
- Baseboard, Radiator, Electric
Cooling
- Ductless, Electric
Appliances
- Included: Electric Water Heater
- Laundry: Main Level
Features
- Basement: Unfinished
- Number of fireplaces: 1
Interior area
- Total structure area: 2,100
- Total interior livable area: 2,100 sqft
- Finished area above ground: 2,100
- Finished area below ground: 0
Property
Parking
- Total spaces: 13
- Parking features: Assigned, Gravel, On-site - Rent, Driveway, Other
- Uncovered spaces: 13
- Details: Assigned Parking
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 7,405 sqft
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 36011,469,0000
- Zoning: R3H
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Brick
- Foundation: Stone
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: State College
- Subdivision: State College Boro
- Municipality: STATE COLLEGE BORO
HOA & financial
Other financial information
- Total actual rent: 43100
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 1/28/2026 | Sold | $610,000+1.8%$290/sqft |
Source:  Bright MLS #PACE2516706 Report a problem | ||
| 11/7/2025 | Pending sale | $599,000$285/sqft |
Source: Bright MLS #PACE2516706 Report a problem | ||
| 10/31/2025 | Listed for sale | $599,000+27.4%$285/sqft |
Source: Bright MLS #PACE2516706 Report a problem | ||
| 8/31/2021 | Sold | $470,000+7.1%$224/sqft |
Source: Public Record Report a problem | ||
| 7/12/2021 | Pending sale | $439,000$209/sqft |
Source:  RE/MAX International #72195 Report a problem | ||
| 6/30/2021 | Listed for sale | $439,000$209/sqft |
Source: RE/MAX International #72195 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $4,601 +1.7% | $58,505 |
| 2023 | $4,524 +7.1% | $58,505 |
| 2022 | $4,223 | $58,505 |
| 2021 | $4,223 +12.2% | -- |
| 2020 | $3,765 +2.4% | $58,505 |
| 2019 | $3,677 +39% | $58,505 |
| 2018 | $2,645 | $58,505 |
| 2017 | -- | $58,505 |
| 2016 | -- | $58,505 |
| 2015 | -- | $58,505 |
| 2014 | -- | $58,505 |
| 2013 | -- | $58,505 |
| 2012 | -- | $58,505 |
| 2011 | -- | $58,505 |
| 2010 | -- | $58,505 |
| 2009 | -- | $58,505 |
| 2006 | -- | $58,505 |
| 2005 | -- | $58,505 |
| 2004 | -- | $58,505 |
| 2003 | -- | $58,505 |
| 2002 | -- | $58,505 |
| 2000 | -- | $58,505 |
Find assessor info on the county website
Neighborhood: 16801
Nearby schools
GreatSchools rating
- 7/10Easterly Parkway El SchoolGrades: K-5Distance: 0.7 mi
- 10/10State College Area High SchoolGrades: 8-12Distance: 0.7 mi
- 9/10Mount Nittany Middle SchoolGrades: 6-8Distance: 2.8 mi
Schools provided by the listing agent
- District: State College Area
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Pennsylvania
- Centre County
- State College
- 16801
- 305 S Burrowes St
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