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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
Bedrooms9 Baths0.0

Monthly Estimate*

$ 5,525

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Multi-Family Home for sale in State College, PA

for $875,000 with 9 bedrooms. This home was built in 1937 on a lot size of 1.17.

Lemont area four unit investment property with great rental history close to Penn State's Campus. Walking distance to the Village of Lemont, Cafe Lemont, Kamrai, Voodoo Brewery, Maine Bay and Berry, Happy Valley Brewery and more. A short distance to bike paths, Slab Cabin Park, and Mt. Nittany's hiking trails. Two duplexes on one lot with the front duplex having 4 -5 bedrooms and 2 bathrooms per side and the rear duplex having a 2 bedroom unit and 1 bedroom unit. The units have hardwood floors, nice trim, and plentiful windows. There is a laundry room for tenant use, parking for eight vehicles, a nice 1.17 acre yard backing to Spring Creek, and outdoor living areas like porches and a deck. A great location close to State College, Penn State, shopping, restaurants and highway access, plus it's on a bus line. Leases run through July 31, 2027 with gross rent of $75,600 for the 12 month period. Village zoning allows for many uses.

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Multi-Family Active

Price

$ 875,000

Bedrooms

9

Property Type

Multi-Family

Taxes

$ 7,399

Style

Traditional

Lot Size

1.17

Year Built

1937

Town/City

State College

County/Region

Centre

MLS | Web ID

PACE2520596
Features
General
Living Area 7680
Sewer Public Sewer
Heating Hot Water
Cooling None
Possession Subject to Existing Lease
Roof Shingle
Zoning V
Patio/Porch Features Balcony Porch(es)
Architectural Style Traditional
Construction Materials Brick Wood Siding
School District STATE COLLEGE AREA
Exclusions Tenant laundry machines
Year Built 1937
View Creek/Stream Trees/Woods
Property Subtype Quadruplex
Tax Year 2026
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 Y
Other Structures Above Grade Below Grade
Total Rooms 15
Status ACTIVE
Directions E. College Avenue to Elmwood Street property on the right
City STATE COLLEGE
Body of Water Spring Creek
Number Of Units Total 4
MLS Area College Twp (16419)
Lot Size Units Square Feet
Lot Size Square Feet 50965.00
Number of Units Leased 4
Tax Annual Amount 7399.0
Home Warranty Y/N N
Two Bedroom 1
Structure Type Twin/Semi-Detached
Price Per Sq Ft Total AG 113.93
Acceptable Financing Bank Portfolio Cash Conventional
Rent Control Y/N N
Vacation Rental Y/N N
Lease Type Yearly
Standard Status Active
Year Built Source Estimated
Total Actual Rent 75600.00
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Interior
Interior Amenities Attic Built-Ins Wood Floors
Heating Fuel Natural Gas
Basement Full
Flooring Hardwood Laminated Vinyl
Hot Water Natural Gas
Total Stories 3
Furnished Units None
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N N
Laundry Type Common
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Exterior
Pool No Pool
Parking Features Asphalt Driveway
Lot Features Stream/Creek
Water Source Public
Inclusions Stoves Fridges washer and Dryer (all As Is).
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
Water Body Type Creek
Lot Size Source Estimated
Waterfront Y/N Y
Land Assessed Value 15850.00
Navigable Water Y/N N
Water Oriented Y/N Y
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Internal Only
Street Number 1 824
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* Excluded Features
List By
Re/Max Centre Realty

Broker

stevenbodner@remax.net

Email

Affordability Calculator

$6,141
Per Month
90%
10%
0%
Monthly Principal & Interest
$5,525
Monthly Property Taxes
$617
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
5568674 Elementary School
4110841 Middle School
State College Area High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/23/2026$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 9 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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