Turnkey student rental investment steps from Penn State University. R3H-zoned 3-unit home rented under a single lease, currently 5 bedrooms/3 full baths/3 kitchens, presently occupied by 8 with permits on file for up to 13 — offering built-in upside for a new owner. Zero vacancy history; same tenant group (Penn State Snowboard Club) in place 4 years running, with plans to continue occupancy and they expect annual rent increases. Recent updates include remodeled kitchens and bathrooms, new deck, and all-new water heaters. Excellent opportunity for investors seeking a stabilized, income-producing property in a high-demand rental market. Permits, rent roll, and financials available upon request. Cash flow and cap rate details provided to qualified buyers.
For sale
Price cut: $100K (8/27)
$1,250,000
820 S Pugh St, State College, PA 16801
6beds
2,813sqft
Single Family Residence
Built in 1940
8,276 Square Feet Lot
$-- Zestimate®
$444/sqft
$-- HOA
What's special
Remodeled kitchensNew deck
- 46 days
- 846
- 11
Zillow last checked:
Listing updated:
Listed by:
Ellen Kline 814-280-2088,
Kissinger, Bigatel & Brower (814) 234-4000,
Listing Team: Ellen Kline, Erica Scott, Sharon Allison
Source: Bright MLS,MLS#: PACE2519916
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 3
Rooms
- Room types: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Family Room, Foyer, Utility Room, Bedroom 6, Full Bath
Primary bedroom
- Level: Main
Bedroom 2
- Level: Main
Bedroom 3
- Level: Main
Bedroom 4
- Level: Upper
Bedroom 5
- Level: Upper
Bedroom 6
- Level: Lower
Family room
- Level: Lower
Foyer
- Level: Main
Other
- Level: Main
Other
- Level: Upper
Other
- Level: Lower
Kitchen
- Level: Main
Kitchen
- Level: Lower
Kitchen
- Level: Upper
Living room
- Level: Main
Utility room
- Level: Lower
Heating
- Forced Air, Natural Gas
Cooling
- None
Appliances
- Included: Dryer, Refrigerator, Washer, Electric Water Heater
Features
- Dry Wall, Plaster Walls
- Flooring: Ceramic Tile, Hardwood, Wood
- Windows: Vinyl Clad
- Basement: Connecting Stairway,Exterior Entry
- Has fireplace: No
Interior area
- Total structure area: 2,813
- Total interior livable area: 2,813 sqft
- Finished area above ground: 2,351
- Finished area below ground: 462
Property
Parking
- Total spaces: 10
- Parking features: Garage Faces Front, Asphalt, Paved, Alley Access, Attached, Driveway, Garage
- Attached garage spaces: 2
- Uncovered spaces: 8
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck, Patio
- Exterior features: Sidewalks
- Pool features: None
Lot
- Size: 8,276 Square Feet
- Features: Downtown
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 36018,194,0000
- Zoning: R3H
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Single Family Residence
Materials
- Aluminum Siding, Stick Built
- Foundation: Block
- Roof: Shingle
Condition
- Very Good
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: State College Boro
HOA
- Has HOA: No
Location
- Region: State College
- Municipality: STATE COLLEGE BORO
Financial & listing details
- Price per square foot: $444/sqft
- Tax assessed value: $76,885
- Annual tax amount: $6,430
- Date on market: 7/20/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Bank Portfolio,Cash
- Inclusions: 3 Refrigerators, 3 Ranges, Washer, Dryer
- Ownership: Fee Simple
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/27/2026 | Price change | $1,250,000-7.4%$444/sqft |
Source: | ||
| 7/14/2026 | Listed for sale | $1,350,000$480/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 16801
Nearby schools
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.





