824 ELMWOOD ST State College, PA 16801
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 7,680 sqft
Price per Sqft $113
Subdivision Lemont
MLS Listing ID PACE2517818
Style Traditional
Abv Grd Liv Area 7,680
Year Built 1937
Annual Tax Amount $7,200
Tax Year 2025
Lot Size 1.170 Acres
Acres 1.17
Lot Dimensions 0.00 x 0.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
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.
Location
State PA
County Centre
Area College Twp (16419)
Zoning V
Rooms
Basement Full
Interior
Interior Features Attic, Built-Ins, Wood Floors
Hot Water Natural Gas
Heating Hot Water
Cooling None
Flooring Hardwood, Vinyl, Laminated
Inclusions Stove, Fridge, washer and Dryer.
Fireplace N
Heat Source Natural Gas
Exterior
Exterior Feature Porch(es), Roof, Balcony
Utilities Available Electric Available
Water Access N
View Creek/Stream, Trees/Woods
Roof Type Shingle
Accessibility None
Porch Porch(es), Roof, Balcony
Garage N
Private Pool No
Building
Lot Description Stream/Creek
Foundation Other
Above Ground Finished SqFt 7680
Sewer Public Sewer
Water Public
Architectural Style Traditional
Additional Building Above Grade, Below Grade
Structure Type 9'+ Ceilings,Plaster Walls
New Construction N
Schools
School District State College Area
Others
Tax ID 19-014-,017A,0000-
Ownership Fee Simple
SqFt Source 7680
Acceptable Financing Conventional, Cash, Bank Portfolio
Listing Terms Conventional, Cash, Bank Portfolio
Financing Conventional,Cash,Bank Portfolio
Special Listing Condition Standard
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