824 ELMWOOD ST

STATE COLLEGE, PA 16801

PRICE: $875,000

Active | MLS# pace2517818

beds

7680 sq ft

1.17 Acres

The Details

Secure a high-performance asset in the heart of Happy Valley. This 1.17-acre creek-front property features two income-producing duplexes (4 units total) with guaranteed cash flow through July 31, 2026. The Investment at a Glance: • Total Monthly Revenue: $5,725 ($68,700 Gross Annual) • Proven Stability: 100% occupied with all leases secured through Summer 2026 • Low Maintenance: Rear duplex features a brand-new shingle roof (2025) • Prime Location: Minutes to Penn State University, Lemont, and Rt. 322. Backs directly to Spring Creek Property Breakdown: • 824 & 828 Elmwood: All-brick duplex featuring two spacious 5BR/2BA units with covered porches, private basements, and a separate laundry room located in the rear of the building. Combined rent: $3,275/month. • 830 & 832 Elmwood: Wood-sided duplex featuring one 1BR unit and one 4BR unit. Combined rent: $2,450/month. Rarely does a property combine this level of acreage, water views, and turnkey rental history in the State College market. Don’t miss this opportunity to add a strong performing asset to your investment portfolio.

Property Overview

Style	Traditional
Year Built	1937
Subdivision	LEMONT
School District	STATE COLLEGE AREA
County	CENTRE
Municipality	COLLEGE TWP
Heat	Hot Water

A/C	None
Fireplaces
Fuel	Natural Gas
Sewer	Public Sewer

Total Taxes

$7200

Home Overview
Home Specs
Neighborhood

Property Price

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Annual Taxes$

Annual Insurance$

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*All fees are for estimate purposes only.

Satellite View

Directions: Use GPS.

Sq. Footages
Above Grade Finished Sq. Ft.
Above Grade Unfinished Sq. Ft.
Below Grade Finished Sq. Ft.
Below Grade Unfinished Sq. Ft.
Total Finished Sq. Ft.	7680

Rooms	Main	Upper	Lower	Bsmt.

Subdivision LEMONT

Association Fee $

Cap Fee $

Zoning V

Property Code 0

Possession 0-30 Days CD

Assessed Value

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