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316 S Spring St, Bellefonte, PA 16823

$305,000

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Sold Price: $305,000
List Price: $369,900
Closing Date: Feb 27, 2026
Days on Market: 57
Status: CLOSED
MLS#: PACE2517068
Lot Size (Acres): 0.03
Style: Traditional, Other
Year Built: 1900
County: Centre
School District: Bellefonte Area

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Property Description

Solid rental history, this property has been owned by the seller since 1991 and has been well kept and this always met Centre Regions Code standards. 4 apartments in this building: a 1 bedroom unit in the lowest level, a 1 bedroom unit and efficiency apartment on the main level and a large 2 bedroom unit on the top floor. annual income 31,500.00, expenses: permits 204.00, snow/lawn 600.00, w/s/r 4500.00, insurance 1800.00, property tax 3480.00 Apt #1 under lease until 1/31/26 @ 645.00 Apt#2 under lease 9/30/26 @ 745.00 (Housing), Apt#3 on month to month @450.00 (wants to stay) Apt #4 month to month 785.00. Three of the units have washer and dryer hook ups.

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Additional Information

Area: Bellefonte Boro (16432)
Interior Features: Some Carpeting, Separate Dining Room, Eat-in Kitchen, Efficient Kitchen, Galley Kitchen
School District: Bellefonte Area
Elementary School: Bellefonte
Middle School: Bellefonte Area
High School: Bellefonte Area
Flooring: Carpet, Laminate, Vinyl, Wood
Exterior Features: Street Lights
View: City, Street
Heating: Electric Baseboard
Cooling: None
Roof: Asphalt
Water: Public
Sewer: Public Sewer
Basement: Full, Exterior Entry, Partial, Walkout Stairs