$875,000

824 ELMWOOD ST, State College, PA 16801

  • 7,680 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1937
  • Property Lot Size Icon1.17acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $114/sqft
  • Property List Date Icon Listed 26 days ago

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
  • General: AtticBuilt-InsWood Floors
  • Basement: Full
  • Flooring: HardwoodVinylLaminated
  • A/C: None
  • Heating: Hot WaterNatural Gas
  • Disability Feature: None
  • General: Above GradeBelow Grade
  • Style: Traditional
  • Other Structures: RoofPorchBalcony
  • Parking: Asphalt Driveway
  • Roofing: Shingle
  • General: BrickOther
  • Originating MLS: BRIGHT_MAIN
  • School District: STATE COLLEGE AREA
  • County: CENTRE-PA
  • Zoning: V19-014-017A0000-
  • View: Creek/StreamTrees/Woods
  • Utilities: Electric available
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN

This listing courtesy of Satishchandra Brahmbhatt , Prime Realty Services

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Houserville/Lemont Elementary

217 Scholl St, State College, PA, 16801

Grades KG-5

1.19 miles away

M

Mount Nittany Middle School

656 Brandywine Dr, State College, PA, 16801

Grades 6-8

1.70 miles away

S

State College Area High School

650 Westerly Pkwy, State College, PA, 16801

Grades 9-12

2.70 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.