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Sold for $395,000
    • $395,000

    616 E College Ave APT 102, State College, PA 16801

    2beds
    975sqft
    Condominium
    Built in 1985
    -- sqft lot
    $400,400 Zestimate®
    $405/sqft
    $1,682 Estimated rent

    Home value

    $400,400

    $360,000 - $444,000

    $1,682/mo

    Zestimate® history
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    What's special

    Turn-Key Student Investment Across from Penn State! Welcome to this beautifully renovated 2-bedroom, 2 full bath student condo ideally located directly across from Penn State University. Whether you're building your portfolio or securing a long-term investment in a prime location, this one checks all the boxes. Recently updated throughout, this condo features a fully remodeled kitchen with brand-new appliances, refreshed bathrooms, stylish new LVP flooring, fresh paint, and new mini-split wall units for efficient, customizable comfort. The modern finishes and low-maintenance upgrades make this property truly move-in ready. Leased through August 2027, this unit offers immediate and reliable rental income with strong demand thanks to its unbeatable location. Students can walk to classes, downtown State College, Beaver Stadium, Pegula Ice Arena, and the Bryce Jordan Center, making it highly desirable year after year. Low maintenance, updated systems, and a premier location combine to create an outstanding investment opportunity in the heart of Happy Valley. Don’t miss your chance to own a prime student rental in one of the most sought-after locations near campus.

    Zillow last checked:

    Listing updated:

    Listed by:

    Amy Doran 814-762-5226,

    Realty One Group Landmark,

    Listing Team: The Amy Doran Group

    Bought with:

    Amy Doran, RS291324

    Realty One Group Landmark

    Source: Bright MLS,MLS#: PACE2517700MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    • Main level bathrooms: 2
    • Main level bedrooms: 2
    Rooms
    • Room types: Living Room, Bedroom 2, Kitchen, Bedroom 1
    Bedroom 1
    • Features: Flooring - Carpet
    • Level: Main
    • Area: 216 Square Feet
    • Dimensions: 12 X 18
    Bedroom 2
    • Features: Flooring - Carpet
    • Level: Main
    • Area: 170 Square Feet
    • Dimensions: 10 X 17
    Kitchen
    • Features: Breakfast Bar, Flooring - Tile/Brick, Living/Dining Room Combo
    • Level: Main
    • Area: 90 Square Feet
    • Dimensions: 9 X 10
    Living room
    • Features: Flooring - Tile/Brick, Living/Dining Room Combo
    • Level: Main
    • Area: 224 Square Feet
    • Dimensions: 14 X 16
    Heating
    • Baseboard, Electric
    Cooling
    • Wall Unit(s), Electric
    Appliances
    • Included: Microwave, Built-In Range, Disposal, Range Hood, Refrigerator, Water Heater, Electric Water Heater
    • Laundry: Common Area
    Features
    • Breakfast Area, Combination Dining/Living, Combination Kitchen/Living, Elevator, Flat, Open Floorplan, Recessed Lighting, Eat-in Kitchen
    • Flooring: Carpet
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 975
    • Total interior livable area: 975 sqft
    • Finished area above ground: 975
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: None
    Accessibility
    • Accessibility features: Accessible Elevator Installed, No Stairs
    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 36014,006,0102
    • Zoning: R
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Condo
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Brick
    Condition
    • New construction: No
    • Year built: 1985

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Condo and coop fee: $245 monthly
    • Subdivision: University Gateway
    HOA
    • Has HOA: No
    • Amenities included: Elevator(s), Laundry
    • Services included: Insurance, Common Area Maintenance, Snow Removal, Water, Sewer, Trash
    • HOA name: University Gateway
    Location
    • Region: State College
    • Municipality: STATE COLLEGE BORO

    Financial & listing details

    • Price per square foot: $405/sqft
    • Tax assessed value: $32,305
    • Annual tax amount: $2,498
    • Date on market: 2/19/2026
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Conventional,Cash
    • Exclusions: Tenant's Personal Belongs
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    4/20/2026Sold$395,000-1.2%$405/sqft
    Source: Bright MLS #PACE2517700 Report a problem
    3/9/2026Pending sale$399,900$410/sqft
    Source: Bright MLS #PACE2517700 Report a problem
    2/19/2026Listed for sale$399,900+17.7%$410/sqft
    Source: Bright MLS #PACE2517700 Report a problem
    1/30/2026Listing removed$2,595$3/sqft
    Source: Zillow Rentals Report a problem
    10/31/2025Price change$2,595+34.7%$3/sqft
    Source: Zillow Rentals Report a problem
    10/10/2025Listed for rent$1,926-12.5%$2/sqft
    Source: Zillow Rentals Report a problem
    7/11/2023Sold$339,900$349/sqft
    Source: Bright MLS #PACE2505274 Report a problem
    6/9/2023Pending sale$339,900$349/sqft
    Source: Bright MLS #PACE2505274 Report a problem
    4/18/2023Price change$339,900-2.9%$349/sqft
    Source: Bright MLS #PACE2505274 Report a problem
    3/16/2023Price change$349,900-2.8%$359/sqft
    Source: Bright MLS #PACE2505274 Report a problem
    3/3/2023Listed for sale$359,900$369/sqft
    Source: Bright MLS #PACE2505274 Report a problem
    12/20/2022Listing removed--
    Source: RE/MAX International Report a problem
    11/18/2022Listed for sale$359,900+7.4%$369/sqft
    Source: Centre County Association of Realtors #76311 Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    1/27/2020Sold$335,000-4.3%$344/sqft
    Source: Agent Provided Report a problem
    12/30/2019Listed for sale$349,900$359/sqft
    Source: Owner Report a problem
    11/10/2019Listing removed$2,200$2/sqft
    Source: Owner Report a problem
    10/13/2019Listed for rent$2,200$2/sqft
    Source: Owner Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 16801

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • High: State College Area
    • 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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    An equal housing lender. NMLS #10287.

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