1 month on rocket

940-946 Southgate Dr, State College, PA, 16801

$649,000

Home List Price

$7,707*

Closing Credit

0 Baths
3,300 SqFt
$197/SqFt
Multi

Location

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940-946 Southgate Dr, State College$649,000

Buyer Closing Credits

$7,707*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingParking Lot
Year Built1980
HeatingBaseboard
CoolingWall Unit(s)
MLS #PACE2511872
Lot Size0.37 Acres
StatusActive
(ACTIVE)

About 940-946 Southgate Dr

Fantastic Investment Opportunity for those looking to expand their portfolio! This fully rented Quadruplex is ideally situated in the heart of State College Borough, a highly sought-after area, close to Orchard Park, the YMCA, shopping, and a variety of dining options. Each of the four units offers 2 bedrooms, a full bathroom, a fully equipped kitchen with included appliances, and a laundry room complete with a stackable washer and dryer. Rental details include: Unit 940 rents for $1,200/month, Unit 942 rents for $1,200/month, Unit 944 rents for $925/month, and Unit 946 rents for $1,200/month, with all leases secured through July 29, 2025. Tenants are responsible for electric and cable/internet, with each unit featuring electric baseboard heat. Plenty of off street parking available for tenants. Located just 3 miles from Penn State University, this property presents an excellent opportunity in a prime location!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1980
  • Living Area: 3,300 SqFt

Listing Office:

  • Office Name: RE/MAX Centre Realty
  • Office Phone: (814) 231-8200
  • Listing Agent: Ryan S Lowe

Interior Features

Interior Information:

  • Basement: No
  • Flooring Type: Carpet, Vinyl

Exterior Features

Parking Information:

  • Parking: Parking Lot

Lot Features

Lot Information:

  • Lot Size: 0.37 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: Wall Unit(s)

School Info

Assigned Schools Information:

  • State College Area High School, Public District Grades 9-12
  • Mount Nittany Middle School, Public District Grades 6-8
  • Easterly Parkway Elementary, Public District Grades KG-5

Other

Directions Information:

  • Directions: Blue Course Drive to Southgate Drive

Municipality:

  • State College Boro

Price Information

Listing Price Info

Price Summary:

  • List Price: $649,000
  • Price Per SqFt: $197/SqFt
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Housing Market Comparison

See how this home compares to others in State College, PA.

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State College, PA

City

Med. Sold Price

$395.6K

Med. Price/SqFt

$196

Avg. Days On Market

35

# of Sold Homes

35

940-946 Southgate Dr vs State College

47 DAYS ON ROCKET

+12 Days

$649,000

+$253.3K More

$197/SqFt

+$1 More

KEY TAKEAWAY

This property is $253.3K more than the Median Sold Price and $1/SqFt more than other homes in State College, PA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #PACE2511872

Listing Office:

  • Office Name: RE/MAX Centre Realty
  • Office Phone: (814) 231-8200
  • Listing Agent: Ryan S Lowe

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 10:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,012

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2109872
5
/10

  • Easterly Parkway Elementary

  • 234 Easterly Pkwy

  • 1.39 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2109873
6
/10

  • Mount Nittany Middle School

  • 656 Brandywine Dr

  • 3.10 miles

  • Public District Grades 6-8

High School

school-card-donut-2109874
9
/10

  • State College Area High School

  • 653 Westerly Pkwy

  • 0.65 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,602. Residents of State College, PA typically earn less than $35k each year. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Pennsylvania›Centre County›State College›16801›940-946 Southgate Dr

This home is located at 940-946 Southgate Dr in State College, PA and zip code 16801. This 3,300 square foot home, which was built in 1980, sits on a 0.37 acre lot. It has been listed on Rocket Homes since September 18, 2024 and is currently priced at $649,000.

In October 2024, from all listings sold in State College, PA there were more than 8 sold above asking price, over 18 sold below and more than 9 were sold right at the asked price. Between September 2024 and October 2024, State College, PA real estate market has seen decrease in the number of listings by 8%. In October 2024 median list price was $395,607 and the average listing age was 35 days.

From Rocket Homes Real Estate and based on county public records data.

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