824 Elmwood St, State College, PA 16801
- $875,000
- 7,680
- SqFt
- List Price
- $875,000
- Days on Market
- 189
- Status
- ACTIVE
- MLS#
- PACE2517818
- Living Area
- 7,680
- Lot Size (Acres)
- 1.17
- Style
- Traditional
- Year Built
- 1937
- County
- Centre
- School District
- State College Area
Property Description
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.
/u.realgeeks.media/searchchestercounty/header2.png)
Additional Information
- Area
- College Twp (16419)
- Subdivision
- Lemont
- Taxes
- $7200
- Stories
- 4
- Interior Features
- Attic, Built-Ins, Wood Floors
- School District
- State College Area
- Flooring
- Hardwood, Vinyl, Laminated
- View
- Creek/Stream, Trees/Woods
- Heating
- Hot Water
- Heating Fuel
- Natural Gas
- Cooling
- None
- Roof
- Shingle
- Utilities
- Electric Available
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
Mortgage Calculator
Listing courtesy of SERHANT PENNSYLVANIA LLC. Contact:
© 2026 TReND. All Rights Reserved.
The data relating to real estate for sale on this website appears in part through the TReND Internet Data Exchange (IDX) program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Real Estate Company participates, and is provided by TReND through a licensing agreement. Real estate listings held by brokerage firms other than Real Estate Company are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
All information provided is deemed reliable but is not guaranteed. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.