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824 Elmwood Street State College, PA $ 875,000
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824 Elmwood Street
$ 875,000
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824 Elmwood Street

State College, PA, 16801
$ 875,000
Bedrooms10 Baths0.0

Monthly Estimate*

$ 5,388

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Multi-Family Home for sale in State College, PA

for $875,000 with 10 bedrooms. This home was built in 1937 on a lot size of 1.17.

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. Dont miss this opportunity to add a strong performing asset to your investment portfolio.

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Multi-Family Active

Price

$ 875,000

Bedrooms

10

Property Type

Multi-Family

Taxes

$ 7,200

Style

Traditional

Lot Size

1.17

Year Built

1937

Town/City

State College

County/Region

Centre

MLS | Web ID

PACE2517818
Features
General
Living Area 7680
Sewer Public Sewer
Heating Hot Water
Cooling None
Utilities Electric Available
Possession 0-30 Days CD
Roof Shingle
Zoning V
Patio/Porch Features Porch(es) Roof Balcony
Architectural Style Traditional
Construction Materials Brick
School District STATE COLLEGE AREA
Year Built 1937
View Creek/Stream Trees/Woods
Property Subtype Quadruplex
Tax Year 2025
Ownership Fee Simple
Cool Fuel None
Municipality COLLEGE TWP
Accessibility None
County CENTRE
New Construction N
Property Type Multi-Family
Subdivision Name LEMONT
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Total Rooms 15
Status ACTIVE
Directions Use GPS.
City STATE COLLEGE
Number Of Units Total 4
MLS Area College Twp (16419)
Lot Size Units Square Feet
Lot Size Square Feet 50965.20
Number of Units Leased 4
Tax Annual Amount 7200.0
Property Condition Excellent
Two Bedroom 2
Structure Type Twin/Semi-Detached
Price Per Sq Ft Total AG 113.93
Acceptable Financing Conventional Cash Bank Portfolio
Vacation Rental Y/N N
Lease Type Yearly
Standard Status Active
Year Built Source Assessor
Total Actual Rent 68700.00
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Interior
Interior Amenities Attic Built-Ins Wood Floors
Heating Fuel Natural Gas
Basement Full
Flooring Hardwood Vinyl Laminated
Hot Water Natural Gas
Total Stories 4
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N N
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Exterior
Pool No Pool
Parking Features Asphalt Driveway
Lot Features Stream/Creek
Water Source Public
Inclusions Stove Fridge washer and Dryer.
Type of Parking Driveway Off Street Parking Lot
Foundation Details Other
Water View Y/N Y
Lot Dimensions 0.00 x 0.00
Lot Size Acres 1.17
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 15850.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 824
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* Excluded Features
List By
Prime Realty Services

Broker

sb@sbrealty.co

Email

Affordability Calculator

$5,988
Per Month
90%
10%
0%
Monthly Principal & Interest
$5,388
Monthly Property Taxes
$600
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4110137 Elementary School
4110146 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/7/2026$875,000 Listed Price

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824 Elmwood Street, State College, PA, 16801 is a Multi-Family Home for sale at $875,000 with a lot size of 1.17. 824 Elmwood Street has 10 bedrooms, 0.0 baths, and was built in 1937. The property's zip code is 16801 which is in State College, PA

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