State College Multifamily Buyer
Sell Your Commercial Property In State College, PA
Skyline Capital Investments buys commercial apartment buildings of 5+ units in State College and across Centre County — listed or off-market, stabilized or value-add. Get clear feedback on your deal, typically within 48 hours.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Neighborhoods & Nearby Towns: Downtown State College · Highlands · College Heights · Patton Township — Centre County, PA
Why State College
Why We Buy Multifamily In State College
State College is a Centre County borough of 41,050 residents and the home of Penn State's University Park campus. Census Bureau estimates for 2020-2024 count 8,314 renter households, or 73.9% of occupied homes. Owners who plan to sell commercial property in State College, PA face a 2026 combined tax rate of 87.5332 mills. Buildings with five or more units hold 58.3% of State College's housing units. Median gross rent is $1,273 a month, and rental vacancy is 7.6%, per ACS 2020-2024.
Penn State University Park
Penn State reported a record 42,822 residential undergraduates at its University Park campus in fall 2025.Mount Nittany Medical Center
Mount Nittany Medical Center is a 260-bed acute care hospital in State College employing about 2,400 staff.Innovation Park at Penn State
Innovation Park offers 118 acres with over 1 million square feet of research, office and manufacturing space off I-99.Our Buy Box
What We Buy In State College
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
State College Apartment Market
Figures gathered October 2026 from public market data.
Who rents in State College
Renters occupy 73.9% of State College's 11,257 occupied homes, per ACS 2020-2024 tenure data. Buildings with five or more units hold 58.3% of the borough's 13,261 housing units. Homes built before 1980 make up 66.8% of the stock, and the median year built is 1971.
Rents and affordability in State College
State College's median gross rent is $1,273 a month (ACS 2020-2024). Rent takes 30% or more of income for 61.6% of renter households. Rental vacancy in the borough is 7.6%.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $1,274 |
| One-bedroom | $1,282 |
| Two-bedroom | $1,537 |
| Three-bedroom | $1,977 |
| Four-bedroom | $2,020 |
These State College, PA MSA rents took effect October 1, 2026. The two-bedroom FMR runs $264 above the borough median, a spread that shapes pricing for owners who sell commercial real estate in State College, PA.
Property taxes in Centre County
State College Borough's 2026 combined rate is 87.5332 mills, per Centre County's millage table. That is 7.840 county, 24.880 borough and 54.8132 State College Area School District mills for 2026-2027. Centre County's 2026-2027 common level ratio factor is 6.10, per Pennsylvania's Revenue Department. A $2,000,000 sale price thus implies about $327,869 assessed and $28,699 in yearly tax.
Centre County hears assessment appeals filed on or before August 1, effective the next tax year.
A deed to sell commercial property in State College, PA carries a 3.00% total transfer tax. That is 1.00% state, 1.50% borough and 0.50% school, or $60,000 on a $2,000,000 sale.
Landlord rules in State College
State College requires a Rental Housing Permit for any unit occupied by anyone other than the owner or the owner's immediate family. A permit allows no more than one unrelated student in a one-family or two-family property. The Borough's 2026 budget describes an annual per-unit permit fee and inspections about once every three years.
Pennsylvania caps deposits at two months' rent in year one and one month after, under 68 P.S. 250.511a (FindLaw). A notice to quit for unpaid rent gives ten days, under 68 P.S. 250.501 (FindLaw).
What it means for a State College owner
Owners who sell commercial property in State College, PA should budget for 87.5332 mills of annual tax and a 3.00% transfer tax. Skyline Capital Investments buys 5+ unit apartment buildings, so you can sell your apartment building in State College without listing it. Penn State's record 42,822 residential undergraduates at University Park keep tenant demand deep. Test your numbers with our cap rate calculator.
Local Knowledge
What Shapes A State College Offer
More about selling in Pennsylvania →Investing in State College? See apartment syndications in State College →
- For owners selling commercial property in State College, school millage reached 54.8132 for 2026-2027.
- Deeds from owners who sell commercial real estate in State College, PA carry a 3.00% transfer tax.
- Centre County accepts annual assessment appeals filed by August 1, effective the following tax year.
Seller Guides
State College Seller Situations
Learn More
Taxes & Rules For State College Property
The Pennsylvania rules that shape any deal in State College: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
State College Seller FAQ
What taxes apply when I sell commercial property in State College, PA?
A State College deed carries a 3.00% realty transfer tax: 1.00% state, 1.50% borough and 0.50% school district, per Centre County. On a $2,000,000 sale that totals $60,000. Annual property tax for 2026 is 87.5332 mills of assessed value.
How do State College rents compare with HUD fair market rents?
Median gross rent in State College is $1,273 a month, per ACS 2020-2024 estimates. HUD's FY2027 fair market rent for a two-bedroom in the State College, PA MSA is $1,537. Rent takes 30% or more of income for 61.6% of State College renter households.
Is there buyer demand if I sell commercial real estate in State College, PA?
State College has 8,314 renter households, 73.9% of occupied homes, per ACS 2020-2024. Penn State's 42,822 residential undergraduates at University Park and Mount Nittany Medical Center's 2,400 staff support owners who sell multifamily property in State College.
Do I need a rental permit for a State College apartment building?
Yes. State College requires a Rental Housing Permit for any unit occupied by someone other than the owner or the owner's immediate family. The Borough's 2026 budget lists an annual per-unit permit fee and inspections about once every three years.
What notice does a Pennsylvania landlord give for unpaid rent?
Under 68 P.S. 250.501, a notice to quit for unpaid rent gives the tenant ten days to leave. Ending a lease of one year or less takes 15 days' notice, and longer leases take 30 days. State College landlords follow these state rules.
What if my State College building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
How does a sale to you work in Centre County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Can I sell rental property in State College with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
What do I need to sell my apartment building in State College?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Submit A Deal
Have A Property In State College?
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
