This is the kind of State College property that’s hard to replicate. This charming Tudor-style stone cottage is tucked into the Borough of State College, less than a mile from Penn State’s campus and within walking distance of downtown. Even better, the property has a student rental permit, creating a great opportunity close to campus. Two tenants are already in place with a signed lease through May 31, 2027, giving the next owner the benefit of existing tenancy from day one. The home’s distinctive stone exterior and cottage character give it a personality all its own, while several recent improvements help take some of the worry out of owning an older home. Updates include a new roof, newer boiler, recent interior painting, and a landscaping overhaul that gives the property a fresh start outside. Whether you’re looking to add a Penn State rental to your portfolio, purchase housing near campus, or simply own a character-filled property in one of State College’s most walkable locations, this one deserves a closer look. Properties combining this location, charm, improvements, student rental permit, and existing tenancy don’t come along every day. Schedule your showing and see why this little stone cottage is such a unique State College opportunity.