This South Patterson Street property offers a versatile opportunity for an owner-occupant or investor in the Holmes-Foster neighborhood, with a residential layout that supports both single-occupancy use and permitted rental income. The brick ranch-style home includes 2 bedrooms and 1 full bathroom on the main level, along with a full basement featuring an integral garage and a permitted efficiency apartment. The home retains much of its original character, including hardwood trim, ample natural light, and vintage kitchen and bathroom finishes. The property will benefit from updating and general TLC, providing an opportunity to improve functionality and add value over time. Both the main dwelling and the basement apartment hold active rental permits. The property is located within walking distance of downtown State College, the Penn State campus, parks, and local amenities, offering flexibility and long-term potential in one of the Borough’s most highly desirable residential neighborhoods.