508-510 Royal Rd, State College, PA 16801

$460,000
: 2,091
SqFt

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Sold Price: $460,000
List Price: $475,000
Closing Date: Oct 08, 2026
Status: CLOSED
MLS#: PACE2520130
Living Area: 2,091
Lot Size (Acres): 0.34
Style: Traditional
Year Built: 1973
County: Centre
School District: State College Area

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Property Description

Turnkey investment opportunity in State College Borough! Expand your real estate portfolio with this fully rented two-story duplex ideally located just off University Drive, offering convenient access to Penn State University, downtown State College, shopping, dining & everyday amenities. With active leases already in place & a proven rental history, this is an outstanding opportunity in one of Centre County's most desirable investment markets. Unit 508 Royal Rd is currently leased for $1,300 per month through July 29, 2027 & has been occupied by the same tenant since 2017, demonstrating exceptional tenant stability. Unit 510 Royal Rd is currently leased for $1,750 per month through December 29, 2026. Additional highlights include a new roof installed in 2019, off-street parking, active rental permits & active student home licenses for both units. Tenants are responsible for all utilities, including electric heat & hot water, water/sewer, trash, lawn care & snow removal. Whether you're adding to an established investment portfolio or purchasing your first income-producing property, this fully occupied duplex offers the ideal combination of immediate cash flow, a prime Borough location & long-term investment potential.

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Additional Information

Area: State College Boro (16436)
Subdivision: State College Boro
School District: State College Area
Flooring: Hardwood, Vinyl, Carpet
Heating: Electric Baseboard, Ceiling
Cooling: None
Roof: Shingle
Water: Public
Sewer: Public Sewer
Basement: Unfinished, Walkout