Sold for $395,000

$395,000

616 E College Ave APT 505, State College, PA 16801

2beds

975sqft

Condominium

Built in 1985

-- sqft lot

$395,200 Zestimate^®

$405/sqft

$1,661 Estimated rent

Home value

$395,200

$375,000 - $415,000

$1,661/mo

Zestimate^® history

Owner options

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$1,661/mo

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$1,661/mo

Rent Zestimate^®

Refinance and save

$2,497/mo

Est. payment

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$2,497/mo

Est. payment

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What's special

This 2 bedroom 2 bath furnished fifth floor apartment is just what you have been looking for! Kitchen, bathrooms and flooring newly installed in 2021. Making this an investors dream. Fully rented thorough August 2027.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2
Main level bathrooms: 2
Main level bedrooms: 2

Basement

Area: 0

Heating

Baseboard, Electric

Cooling

Wall Unit(s), Electric

Appliances

Included: Dishwasher, Disposal, Microwave, Oven/Range - Electric, Refrigerator, Electric Water Heater
Laundry: Shared

Features

Flooring: Concrete
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: None

Features

Levels: One
Stories: 1
Pool features: None

Details

Additional structures: Above Grade, Below Grade
Parcel number: 36014,006,0505
Zoning: COMMERCIAL
Special conditions: Standard

Construction

Type & style

Home type: Condo
Property subtype: Condominium
Attached to another structure: Yes

Materials

Brick, Masonry
Roof: Rubber

Condition

New construction: No
Year built: 1985

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Cable

Community & HOA

Community

Security: Main Entrance Lock
Condo and coop fee: $245 monthly
Subdivision: University Gateway

HOA

Has HOA: No
Amenities included: Laundry
Services included: Common Area Maintenance, Trash, Water, Sewer
HOA name: University Gateway Condominium Association

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: $2,703
Date on market: 3/11/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Inclusions: Furniture And Appliances
Exclusions: Tenant Belongings
Ownership: Condominium
Total actual rent: 32160

Price history

Date	Event	Price
7/17/2026	Sold	$395,000-1.3%$405/sqft
Source: Bright MLS #PACE2517994 Report a problem
6/12/2026	Pending sale	$400,000$410/sqft
Source: Bright MLS #PACE2517994 Report a problem
3/11/2026	Listed for sale	$400,000$410/sqft
Source: Bright MLS #PACE2517994 Report a problem