Student Licensed Property in the State College Borough! Well-maintained split-level home offering flexibility, income potential, and a highly desirable State College location. This property features a 3-bedroom, 2-bathroom main residence along with a separate 1-bedroom, 1-bathroom lower-level apartment—ideal for rental income, extended family, or an owner-occupant investment. The main dwelling offers a spacious and functional layout with a comfortable flow between the living room, dining area, and kitchen. The bedrooms are well-proportioned and include a primary bedroom and bathroom. The lower-level apartment includes a private entrance, kitchen, living area, and bedroom suite, offering strong rental appeal. Each unit has access to a separate unfinished basement area, providing convenient storage and a laundry area. The property has two rental permits and two student rental licenses permitting up to three unrelated occupants for the property. Additional features include an attached garage, off-street parking, a rear porch, and a wonderful yard. Conveniently located near Penn State University and downtown State College! Owner is an Inactive PA Licensed Real Estate Broker.