824 ELMWOOD ST, State College, PA 16801

• 7,680 sqft

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.

Listing Status:

Active

Data Last Updated:

April 2, 2026 at 4:18AM

Listing Office:

Prime Realty Services : 7173052600

Listing Agent:

Satishchandra Brahmbhatt : 5616312389

MLS ID:

PACE2517818

Interior

• General: AtticBuilt-InsWood Floors
• Basement: Full
• Flooring: HardwoodVinylLaminated
• A/C: None
• Heating: Hot WaterNatural Gas
• Disability Feature: None

Exterior

• General: Above GradeBelow Grade
• Style: Traditional
• Other Structures: RoofPorchBalcony
• Parking: Asphalt Driveway

Construction

• Roofing: Shingle
• General: BrickOther

Location

• Originating MLS: BRIGHT_MAIN
• School District: STATE COLLEGE AREA
• County: CENTRE-PA

Lot

• Zoning: V19-014-017A0000-
• View: Creek/StreamTrees/Woods

Utilities

• Utilities: Electric available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN